TXAR.BA 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	3.03T EUR	2.99T EUR	3.05T EUR	3.04T EUR
Enterprise Value	2.01T EUR	2.97T EUR	3.03T EUR	2.94T EUR
Valuation Multiples
Trailing P/E	7.83x	6.7x	9.82x	21.21x
Forward P/E	10.23x	--	--	--
Price to Sales	1.09x	1.44x	1.58x	1.68x
Price to Book	0.46x	0.41x	0.46x	0.45x
EV/Revenue	0.72x	1.43x	1.57x	1.63x
EV/EBITDA	8.29x	5.82x	7.28x	9.65x
Price to FCF (P/FCF)	--	43.89x	26.03x	48.08x
EV/FCF	--	43.57x	25.87x	46.63x
FCF Yield	-2.41%	2.28%	3.84%	2.08%