TPC 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	4.38B EUR	4.36B EUR	4.06B EUR	3.54B EUR
Enterprise Value	4.02B EUR	3.82B EUR	3.66B EUR	3.21B EUR
Valuation Multiples
Trailing P/E	35.93x	35.2x	51.98x	67.47x
Forward P/E	13.74x	--	--	--
Price to Sales	0.74x	0.73x	0.71x	0.82x
Price to Book	3.61x	3.44x	3.35x	2.9x
EV/Revenue	0.68x	0.64x	0.64x	0.75x
EV/EBITDA	12.76x	11.02x	12.05x	14.38x
Price to FCF (P/FCF)	7.65x	7.02x	5.77x	6.16x
EV/FCF	7.02x	6.15x	5.2x	5.59x
FCF Yield	13.08%	14.25%	17.32%	16.24%