TVK.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	2.36B EUR	2.49B EUR	2.87B EUR	3.57B EUR
Enterprise Value	3.54B EUR	3.62B EUR	3.94B EUR	4.48B EUR
Valuation Multiples
Trailing P/E	26.58x	26.86x	39.29x	56.68x
Forward P/E	20.45x	--	--	--
Price to Sales	1.36x	1.44x	1.71x	2.89x
Price to Book	3.09x	3.26x	3.78x	4.79x
EV/Revenue	2.05x	2.09x	2.35x	3.63x
EV/EBITDA	12.16x	11.63x	13.49x	20.54x
Price to FCF (P/FCF)	96.93x	23.06x	24.75x	44.36x
EV/FCF	145.18x	33.6x	34x	55.69x
FCF Yield	1.03%	4.34%	4.04%	2.25%