TRGYO.IS 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	92.55B EUR	100B EUR	85.4B EUR	74B EUR
Enterprise Value	88.57B EUR	96.57B EUR	79.69B EUR	59.46B EUR
Valuation Multiples
Trailing P/E	10.15x	11.1x	9.14x	9.59x
Forward P/E	2.26x	--	--	--
Price to Sales	4.81x	5.26x	5.13x	5.57x
Price to Book	0.6x	0.65x	0.59x	0.57x
EV/Revenue	4.6x	5.08x	4.79x	4.48x
EV/EBITDA	8.03x	4.95x	4.08x	3.48x
Price to FCF (P/FCF)	22.6x	9.98x	6.42x	18.07x
EV/FCF	21.63x	9.64x	5.99x	14.52x
FCF Yield	4.43%	10.02%	15.58%	5.53%