TCAP-R.BK 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	79.87B EUR	58.98B EUR	58.98B EUR	54.54B EUR
Enterprise Value	125.92B EUR	102.26B EUR	105.58B EUR	95.84B EUR
Valuation Multiples
Trailing P/E	9.38x	6.75x	7.22x	9.03x
Forward P/E	--	--	--	--
Price to Sales	6.84x	3.48x	3.55x	4.33x
Price to Book	0.95x	0.7x	0.71x	0.68x
EV/Revenue	10.78x	6.03x	6.36x	7.61x
EV/EBITDA	--	--	--	--
Price to FCF (P/FCF)	--	4.75x	4.69x	9.59x
EV/FCF	--	8.23x	8.4x	16.85x
FCF Yield	--	21.07%	21.31%	10.43%