TSBK 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	348.51M EUR	348.16M EUR	308.88M EUR	282.1M EUR
Enterprise Value	113.14M EUR	108.44M EUR	31.17M EUR	51.78M EUR
Valuation Multiples
Trailing P/E	11.23x	11.05x	10x	11.87x
Forward P/E	--	--	--	--
Price to Sales	4.06x	4.2x	3.79x	4.59x
Price to Book	1.27x	1.27x	1.14x	1.05x
EV/Revenue	1.32x	1.31x	0.38x	0.84x
EV/EBITDA	--	--	--	--
Price to FCF (P/FCF)	--	11.97x	9.76x	11.1x
EV/FCF	--	3.73x	0.98x	2.04x
FCF Yield	--	8.35%	10.25%	9.01%