TEAM 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	52.35B EUR	19.71B EUR	17.46B EUR	43.05B EUR
Enterprise Value	51.52B EUR	19.71B EUR	17.57B EUR	43.11B EUR
Valuation Multiples
Trailing P/E	--	--	--	--
Forward P/E	30.74x	--	--	--
Price to Sales	7.96x	3x	2.82x	9.78x
Price to Book	49.51x	18.62x	19.87x	27.06x
EV/Revenue	7.84x	3x	2.84x	9.79x
EV/EBITDA	118.07x	92.91x	--	--
Price to FCF (P/FCF)	31.62x	14.94x	14.5x	66.9x
EV/FCF	31.12x	14.94x	14.58x	66.99x
FCF Yield	3.16%	6.69%	6.9%	1.49%