TRUE.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	445.72B EUR	497.55B EUR
Enterprise Value	843.96B EUR	858.11B EUR	909.31B EUR
Valuation Multiples
Trailing P/E	23.15x	23.24x	34.9x
Forward P/E	14.66x	--	--
Price to Sales	2.31x	2.35x	2.55x
Price to Book	5.44x	5.61x	6.03x
EV/Revenue	4.52x	4.53x	4.67x
EV/EBITDA	10.22x	8.13x	9.08x
Price to FCF (P/FCF)	14.84x	11.17x	17.26x
EV/FCF	28.99x	21.5x	31.55x
FCF Yield	6.74%	8.96%	5.79%