TVTX 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	4.85B EUR	5.35B EUR	2.75B EUR	3.47B EUR
Enterprise Value	5.03B EUR	5.85B EUR	2.99B EUR	3.71B EUR
Valuation Multiples
Trailing P/E	--	--	--	221.57x
Forward P/E	9.24x	--	--	--
Price to Sales	8.2x	9.05x	5.12x	8.49x
Price to Book	200.48x	218.17x	27.81x	30.26x
EV/Revenue	8.51x	9.89x	5.58x	9.07x
EV/EBITDA	219.66x	1,012.33x	77.71x	77.7x
Price to FCF (P/FCF)	--	352.81x	--	103.38x
EV/FCF	--	385.73x	--	110.4x
FCF Yield	-0.38%	0.28%	-1.05%	0.97%