TCEHY 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	491.7B EUR	497.09B EUR	571.07B EUR
Enterprise Value	574.17B EUR	761.99B EUR	571.07B EUR
Valuation Multiples
Trailing P/E	15x	8.87x	10.27x
Forward P/E	13.07x	--	--
Price to Sales	0.62x	2.43x	3.1x
Price to Book	2.9x	0.44x	--
EV/Revenue	0.73x	3.72x	3.1x
EV/EBITDA	1.93x	12.35x	8.38x
Price to FCF (P/FCF)	4.15x	--	--
EV/FCF	4.85x	--	--
FCF Yield	24.09%	--	--