TRUE-R.BK Valuations

Quarterly trend of key valuation metrics

Metric	Current (TTM) TTM Baseline	Q2 '26 30.06.2026	Q1 '26 31.03.2026
Market & Enterprise Value
Market Cap	431.9B EUR	482.68B EUR	482.68B EUR
Enterprise Value	420.7B EUR	895.06B EUR	894.43B EUR
Valuation Multiples
Trailing P/E	23.15x	25.17x	33.86x
Forward P/E	--	--	--
Price to Sales	2.31x	2.55x	2.48x
Price to Book	0.11x	6.08x	5.85x
EV/Revenue	2.25x	4.73x	4.59x
EV/EBITDA	5.1x	8.48x	8.93x
Price to FCF (P/FCF)	14.84x	12.09x	16.75x
EV/FCF	14.45x	22.42x	31.03x
FCF Yield	6.74%	8.27%	5.97%