TBB Valuations

Quarterly trend of key valuation metrics

Metric	Current (TTM) TTM Baseline	Q2 '26 30.06.2026	Q1 '26 31.03.2026	Q4 '25 31.12.2025
Market & Enterprise Value
Market Cap	--	140.88B EUR	148.07B EUR	153.19B EUR
Enterprise Value	--	286.2B EUR	293.42B EUR	290B EUR
Valuation Multiples
Trailing P/E	3.62x	6.53x	6.91x	8.7x
Forward P/E	--	--	--	--
Price to Sales	--	1.11x	1.17x	1.61x
Price to Book	--	1.28x	1.35x	1.39x
EV/Revenue	--	2.25x	2.32x	3.05x
EV/EBITDA	--	5.27x	5.4x	6.87x
Price to FCF (P/FCF)	--	7.98x	8.53x	10.44x
EV/FCF	--	16.21x	16.91x	19.77x
FCF Yield	--	12.53%	11.72%	9.58%