THYAO.IS 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	394.53B EUR	447.36B EUR	403.79B EUR	368.73B EUR
Enterprise Value	410.01B EUR	465.23B EUR	420.49B EUR	384.52B EUR
Valuation Multiples
Trailing P/E	--	166.62x	126.94x	124.82x
Forward P/E	3.99x	--	--	--
Price to Sales	14.97x	16.98x	16.07x	19.2x
Price to Book	18.1x	20.41x	18.51x	17.3x
EV/Revenue	15.56x	17.66x	16.74x	20.02x
EV/EBITDA	187.56x	82.44x	67.41x	72.32x
Price to FCF (P/FCF)	663.22x	351.7x	187.29x	203.6x
EV/FCF	689.24x	365.75x	195.03x	212.33x
FCF Yield	0.15%	0.28%	0.53%	0.49%