TPZ.TO Valuations

Quarterly trend of key valuation metrics

Metric	Current (TTM) TTM Baseline	Q2 '26 30.06.2026	Q1 '26 31.03.2026
Market & Enterprise Value
Market Cap	4.53B EUR	4.61B EUR	4.78B EUR
Enterprise Value	5.01B EUR	5.16B EUR	5.32B EUR
Valuation Multiples
Trailing P/E	26.06x	22.39x	26.37x
Forward P/E	23.35x	--	--
Price to Sales	12.28x	12.64x	13.93x
Price to Book	3x	3.06x	3.18x
EV/Revenue	13.59x	14.13x	15.5x
EV/EBITDA	14.26x	13.93x	15.16x
Price to FCF (P/FCF)	34.83x	19.18x	18.91x
EV/FCF	38.55x	21.45x	21.04x
FCF Yield	2.87%	5.21%	5.29%