TKO 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	33.69B EUR	14.96B EUR	15.12B EUR	16.25B EUR
Enterprise Value	22.61B EUR	19.32B EUR	19.29B EUR	19.49B EUR
Valuation Multiples
Trailing P/E	62.24x	65.18x	66.78x	118.64x
Forward P/E	38.03x	--	--	--
Price to Sales	6.35x	2.82x	2.99x	4.69x
Price to Book	3.9x	4.41x	4.48x	4.35x
EV/Revenue	4.26x	3.64x	3.81x	5.62x
EV/EBITDA	13.96x	12.48x	13.05x	19.78x
Price to FCF (P/FCF)	39.35x	8.95x	8.9x	15.88x
EV/FCF	26.41x	11.55x	11.36x	19.04x
FCF Yield	2.54%	11.18%	11.23%	6.3%