TLN 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	17.91B EUR	18.41B EUR	14.49B EUR	17.13B EUR
Enterprise Value	26.58B EUR	27.75B EUR	20.27B EUR	23.25B EUR
Valuation Multiples
Trailing P/E	--	--	--	--
Forward P/E	12.31x	--	--	--
Price to Sales	4.79x	4.92x	4.48x	8.58x
Price to Book	11.22x	11.39x	13.51x	15.67x
EV/Revenue	7.1x	7.42x	6.26x	11.65x
EV/EBITDA	45.67x	24.6x	23.25x	54.32x
Price to FCF (P/FCF)	14.19x	41.46x	17.36x	38.66x
EV/FCF	21.06x	62.49x	24.28x	52.48x
FCF Yield	7.05%	2.41%	5.76%	2.59%