TDOC 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	1.05B EUR	1.54B EUR	983.35M EUR	1.25B EUR
Enterprise Value	1.27B EUR	1.8B EUR	1.27B EUR	1.51B EUR
Valuation Multiples
Trailing P/E	--	--	--	--
Forward P/E	-7.98x	--	--	--
Price to Sales	0.42x	0.62x	0.39x	0.66x
Price to Book	0.8x	1.18x	0.74x	0.9x
EV/Revenue	0.51x	0.72x	0.51x	0.79x
EV/EBITDA	19.65x	7.03x	4.86x	7.18x
Price to FCF (P/FCF)	5.49x	13.04x	7.76x	8.16x
EV/FCF	6.64x	15.26x	10.03x	9.85x
FCF Yield	18.22%	7.67%	12.88%	12.26%