TRT Valuations

Quarterly trend of key valuation metrics

Metric	Current (TTM) TTM Baseline	Q1 '26 31.03.2026	Q4 '25 31.12.2025
Market & Enterprise Value
Market Cap	58.88M EUR	51.79M EUR	57.83M EUR
Enterprise Value	36.73M EUR	42.21M EUR	48.98M EUR
Valuation Multiples
Trailing P/E	--	148.82x	--
Forward P/E	14.18x	--	--
Price to Sales	0.94x	0.89x	1.18x
Price to Book	1.48x	1.51x	1.73x
EV/Revenue	0.59x	0.72x	1x
EV/EBITDA	18.19x	12.97x	16.25x
Price to FCF (P/FCF)	28.03x	234.34x	416.07x
EV/FCF	17.49x	190.98x	352.34x
FCF Yield	3.57%	0.43%	0.24%