TOWN Valuations

Quarterly trend of key valuation metrics

Metric	Current (TTM) TTM Baseline	Q1 '26 31.03.2026	Q4 '25 31.12.2025
Market & Enterprise Value
Market Cap	3.23B EUR	3.07B EUR	2.64B EUR
Enterprise Value	3.46B EUR	1.99B EUR	1.62B EUR
Valuation Multiples
Trailing P/E	17.57x	19.22x	16.2x
Forward P/E	9.83x	--	--
Price to Sales	2.89x	3.46x	3.19x
Price to Book	1.07x	1.06x	1.09x
EV/Revenue	3.1x	2.24x	1.97x
EV/EBITDA	--	--	--
Price to FCF (P/FCF)	--	24.03x	12.45x
EV/FCF	--	15.58x	7.66x
FCF Yield	--	4.16%	8.03%