TURSG.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	111.4B EUR	123.4B EUR	127B EUR	118.1B EUR
Enterprise Value	18.84B EUR	110.63B EUR	113.54B EUR	107.08B EUR
Valuation Multiples
Trailing P/E	4.76x	5.22x	5.92x	7.88x
Forward P/E	1.59x	--	--	--
Price to Sales	1.11x	1.11x	1.23x	1.55x
Price to Book	1.89x	2.09x	2.32x	2.29x
EV/Revenue	0.19x	1x	1.1x	1.41x
EV/EBITDA	0.61x	--	--	--
Price to FCF (P/FCF)	--	42.75x	33.58x	12.45x
EV/FCF	--	38.32x	30.02x	11.29x
FCF Yield	-7.97%	2.34%	2.98%	8.03%