TRI.TO 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	63.82B EUR	50.18B EUR	54.76B EUR	79.35B EUR
Enterprise Value	65.1B EUR	52.91B EUR	56.81B EUR	81.35B EUR
Valuation Multiples
Trailing P/E	28x	30.19x	35.86x	74.3x
Forward P/E	20.31x	--	--	--
Price to Sales	8.15x	6.41x	7.15x	14.23x
Price to Book	4.13x	4.51x	4.64x	6.66x
EV/Revenue	8.31x	6.76x	7.41x	14.59x
EV/EBITDA	28.39x	16.69x	18.72x	37.89x
Price to FCF (P/FCF)	30.27x	22.48x	26.43x	46.05x
EV/FCF	30.87x	23.71x	27.42x	47.22x
FCF Yield	3.3%	4.45%	3.78%	2.17%