TFX 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	5.3B EUR	5.37B EUR	5.29B EUR	5.39B EUR
Enterprise Value	7.87B EUR	7.94B EUR	7.67B EUR	7.74B EUR
Valuation Multiples
Trailing P/E	--	--	--	--
Forward P/E	11.43x	--	--	--
Price to Sales	2.35x	3.3x	3.53x	5.66x
Price to Book	1.83x	1.85x	1.72x	1.73x
EV/Revenue	3.49x	4.87x	5.11x	8.12x
EV/EBITDA	19.5x	26.21x	24.07x	34.21x
Price to FCF (P/FCF)	29.53x	16.42x	23.35x	27.45x
EV/FCF	43.86x	24.29x	33.83x	39.4x
FCF Yield	3.39%	6.09%	4.28%	3.64%