TRTX 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	453.8M EUR	644.37M EUR	607.63M EUR	674.32M EUR
Enterprise Value	3.9B EUR	4.08B EUR	3.88B EUR	3.88B EUR
Valuation Multiples
Trailing P/E	10.67x	11.1x	9.27x	14.47x
Forward P/E	5.33x	--	--	--
Price to Sales	3.43x	4.52x	4.01x	5.88x
Price to Book	0.43x	0.62x	0.57x	0.63x
EV/Revenue	29.47x	28.63x	25.61x	33.8x
EV/EBITDA	--	--	--	--
Price to FCF (P/FCF)	--	7.77x	6.9x	10.28x
EV/FCF	--	49.27x	44.04x	59.08x
FCF Yield	--	12.86%	14.49%	9.73%