TRST 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	912.52M EUR	934.99M EUR	766.45M EUR	745.14M EUR
Enterprise Value	380.54M EUR	1.04B EUR	872.14M EUR	730.97M EUR
Valuation Multiples
Trailing P/E	14.93x	14.37x	12.14x	15.9x
Forward P/E	18.67x	--	--	--
Price to Sales	4.69x	4.75x	3.99x	5.23x
Price to Book	1.39x	1.43x	1.14x	1.09x
EV/Revenue	1.95x	5.25x	4.54x	5.13x
EV/EBITDA	--	--	--	--
Price to FCF (P/FCF)	--	15.65x	12.95x	15.21x
EV/FCF	--	17.32x	14.74x	14.92x
FCF Yield	--	6.39%	7.72%	6.58%