TRIN 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	1.62B EUR	1.68B EUR	1.29B EUR	1.19B EUR
Enterprise Value	3.1B EUR	3.16B EUR	2.62B EUR	2.47B EUR
Valuation Multiples
Trailing P/E	9.72x	11.9x	9.35x	11x
Forward P/E	8.12x	--	--	--
Price to Sales	5.17x	7.78x	6.06x	7.36x
Price to Book	1.29x	1.33x	1.11x	1.09x
EV/Revenue	9.91x	14.6x	12.28x	15.23x
EV/EBITDA	--	--	--	--
Price to FCF (P/FCF)	23.7x	--	--	--
EV/FCF	45.41x	--	--	--
FCF Yield	4.22%	-35.31%	-40.14%	-39.59%