COMP <GO>

ZNB vs BAM // EV/EBITDA & P/E VALUATION

Zeta Network Group (Class A) (NASDAQ) VS. Brookfield Asset Management Inc Class A Limited Voting Shares (NYSE) • 15-METRIC TALLY: ZNB 1 — BAM 6

■ METRIC PARITY

ZNB — Zeta Network Group (Class A) ROARABLE D- • RQD 43/100

LAST: $0.51 (-1.87%) • MKT CAP: $2.6M

DES <GO> FA <GO> 10-K RED <GO>

valuation

—

BAM — Brookfield Asset Management Inc Class A Limited Voting Shares ROARABLE B+ • RQD 76/100

LAST: $48.60 (+2.60%) • MKT CAP: $77.63B

DES <GO> FA <GO> 10-K RED <GO>

valuation

25.6x

15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (ZNB VS. BAM) EMERALD CELL = QUANTITATIVE EDGE

INSTITUTIONAL METRIC	ZNB	BAM	SPREAD (A - B)	ADVANTAGE	DEDICATED URL
Gross Profit Margin	-2.90%	—	—	TIE	/gross-margins <GO>
Return on Invested Capital (ROIC)	—	20.00%	—	TIE	/roic <GO>
EV/EBITDA & P/E Valuation ACTIVE	—	25.6x	—	TIE	/valuation <GO>
Free Cash Flow Yield	—	2.48%	—	TIE	/fcf-yield <GO>
Operating Margin	-52.20%	74.20%	-126.40	BAM	/operating-margins <GO>
Net Profit Margin	-60.00%	60.80%	-120.80	BAM	/net-margins <GO>
Revenue Growth (YoY)	180.00%	16.70%	+163.30	ZNB	/revenue-growth <GO>
Dividend Yield & FCF Payout Safety	0.00%	3.63%	-3.63	BAM	/dividend-safety <GO>
Altman Z-Score & Debt/Equity	—	7.93	—	TIE	/balance-sheet <GO>
Piotroski F-Score Quality	2/9	8/9	-6.00	BAM	/piotroski-score <GO>
Options Implied Move & Put/Call Skew	—	—	—	TIE	/options-implied-move <GO>
RSI-14 & 200D SMA Momentum	23.8	62.8	-39.01	BAM	/rsi-technicals <GO>
10Y Yield & FRED Macro Beta	—	1.06	—	TIE	/macro-sensitivity <GO>
Forward P/E Multiple	—	27.2x	—	TIE	/forward-pe <GO>
Enterprise Scale & Market Cap	$2.6M	$77.63B	-$77.62B	BAM	/market-cap <GO>

5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY

FISCAL YEAR	ZNB REV	BAM REV	ZNB GROSS %	BAM GROSS %	ZNB FCF	BAM FCF
FY 2025	$8.7M	$3.94B	-2.9%	—	-$11.7M	$1.92B
FY 2024	$107.8K	$3.38B	87.0%	—	-$2.8M	$1.46B
FY 2023	$0	$3.14B	—	—	-$7.9M	$1.30B

FRED MACRO REGIME CORRELATION COMPARISON PEARSON r

ZNB // BETA —

BAM // BETA 1.06