TBIG.JK 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	31.57T EUR	31.97T EUR	36.71T EUR	60.59T EUR
Enterprise Value	61.43T EUR	61.19T EUR	65.27T EUR	90.34T EUR
Valuation Multiples
Trailing P/E	21.79x	27.69x	32.84x	53.09x
Forward P/E	18.64x	--	--	--
Price to Sales	4.56x	6.14x	7.08x	11.66x
Price to Book	2.45x	2.48x	2.92x	5.02x
EV/Revenue	8.88x	11.75x	12.59x	17.38x
EV/EBITDA	11.36x	20.98x	21.86x	29.32x
Price to FCF (P/FCF)	53.17x	21.06x	16.67x	28.63x
EV/FCF	103.45x	40.32x	29.64x	42.69x
FCF Yield	1.88%	4.75%	6%	3.49%