TYL 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	13.5B EUR	11.97B EUR	14.53B EUR	19.57B EUR
Enterprise Value	14.05B EUR	12.53B EUR	14.26B EUR	19.2B EUR
Valuation Multiples
Trailing P/E	43.36x	36.88x	46.03x	83.46x
Forward P/E	21.51x	--	--	--
Price to Sales	5.55x	4.93x	6.1x	11.08x
Price to Book	4.44x	3.94x	4.08x	5.29x
EV/Revenue	5.78x	5.16x	5.99x	10.87x
EV/EBITDA	30.63x	22.55x	25.54x	46.86x
Price to FCF (P/FCF)	22.7x	16.96x	21.52x	34.19x
EV/FCF	23.63x	17.75x	21.13x	33.54x
FCF Yield	4.4%	5.9%	4.65%	2.92%