X.TO Valuations

Quarterly trend of key valuation metrics

Metric	Current (TTM) TTM Baseline	Q2 '26 30.06.2026	Q1 '26 31.03.2026
Market & Enterprise Value
Market Cap	14.6B EUR	12.79B EUR	13.67B EUR
Enterprise Value	15.96B EUR	14.48B EUR	15.46B EUR
Valuation Multiples
Trailing P/E	24.43x	22.99x	26.29x
Forward P/E	19.46x	--	--
Price to Sales	7.88x	6.9x	7.65x
Price to Book	2.97x	2.6x	2.8x
EV/Revenue	8.62x	7.8x	8.65x
EV/EBITDA	14.9x	6.54x	7.04x
Price to FCF (P/FCF)	25.17x	16.82x	22.85x
EV/FCF	27.52x	19.04x	25.85x
FCF Yield	3.97%	5.94%	4.38%