TRGP 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	61.48B EUR	57.5B EUR	53.84B EUR	39.61B EUR
Enterprise Value	81.45B EUR	76.94B EUR	72.87B EUR	56.96B EUR
Valuation Multiples
Trailing P/E	27.41x	25.36x	25.25x	23.97x
Forward P/E	23.81x	--	--	--
Price to Sales	3.67x	3.43x	3.25x	3.18x
Price to Book	19.63x	15.72x	17.17x	12.91x
EV/Revenue	4.87x	4.6x	4.4x	4.57x
EV/EBITDA	14.82x	14.01x	13.98x	14.47x
Price to FCF (P/FCF)	933.77x	77.6x	205.57x	93.87x
EV/FCF	1,237.08x	103.85x	278.24x	135.01x
FCF Yield	0.11%	1.29%	0.49%	1.07%