TX3A.F 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	21.69B EUR	23.14B EUR	19B EUR	19.86B EUR
Enterprise Value	46.28B EUR	45.32B EUR	46.07B EUR	43.4B EUR
Valuation Multiples
Trailing P/E	50.33x	1.24x	1.05x	1.6x
Forward P/E	--	--	--	--
Price to Sales	0.33x	0.35x	0.29x	0.41x
Price to Book	6.16x	0.17x	0.15x	0.15x
EV/Revenue	0.7x	0.69x	0.69x	0.9x
EV/EBITDA	1.5x	1.19x	1.23x	1.63x
Price to FCF (P/FCF)	1.69x	0.83x	0.71x	1.12x
EV/FCF	3.62x	1.62x	1.73x	2.45x
FCF Yield	59.01%	120.62%	139.9%	89.33%