TMDX 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	2.69B EUR	2.3B EUR	3.43B EUR	4.17B EUR
Enterprise Value	3.13B EUR	2.7B EUR	3.84B EUR	4.2B EUR
Valuation Multiples
Trailing P/E	20.17x	15.16x	19.98x	25.32x
Forward P/E	34.55x	--	--	--
Price to Sales	4.03x	3.44x	5.4x	9.02x
Price to Book	5.21x	4.44x	6.95x	8.81x
EV/Revenue	4.69x	4.03x	6.03x	9.09x
EV/EBITDA	27.11x	20.7x	27.59x	37.66x
Price to FCF (P/FCF)	60.48x	29.1x	22.69x	25.5x
EV/FCF	70.44x	34.1x	25.34x	25.69x
FCF Yield	1.65%	3.44%	4.41%	3.92%