Trainline PLC
LSE:TRN

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Trainline PLC
LSE:TRN
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Price: 240.8 GBX -0.5% Market Closed
Market Cap: £900.3m

EV/S

2.2
Current
43%
Cheaper
vs 3-y average of 3.8

Enterprise Value to Sales (EV/S) ratio compares a company`s total enterprise value to its revenue. It shows how much investors are paying for each dollar of the company`s sales, including both equity and debt.

EV/S
2.2
=
Enterprise Value
GBX813.3m
/
Revenue
£447.7m

Enterprise Value to Sales (EV/S) ratio compares a company`s total enterprise value to its revenue. It shows how much investors are paying for each dollar of the company`s sales, including both equity and debt.

EV/S
2.2
=
Enterprise Value
GBX813.3m
/
Revenue
£447.7m

Valuation Scenarios

Trainline PLC is trading below its 3-year average

If EV/S returns to its 3-Year Average (3.8), the stock would be worth GBX419.63 (74% upside from current price).

Statistics
Positive Scenarios
2/4
Maximum Downside
-100%
Maximum Upside
+91%
Average Downside
8%
Scenario EV/S Value Implied Price Upside/Downside
Current Multiple 2.2 GBX240.8
0%
3-Year Average 3.8 GBX419.63
+74%
5-Year Average 4.2 GBX460.77
+91%
Industry Average 0 GBX0.63
-100%
Country Average 0 GBX0.46
-100%

Forward EV/S
Today’s price vs future revenue

Today's Enterprise Value Revenue Forward EV/S
GBX813.3m
/
Sep 2025
£447.7m
=
2.2
Current
GBX813.3m
/
Mar 2026
£463.4m
=
1.8
Forward
GBX813.3m
/
Mar 2027
£469.3m
=
1.7
Forward
GBX813.3m
/
Mar 2028
£493.3m
=
1.6
Forward

Forward EV/S shows whether today’s EV/S still looks high or low once future revenue are taken into account.

Peer Comparison

All Multiples
EV/S
P/E
All Countries
Close

Market Distribution

Higher than 93% of companies in United Kingdom
Percentile
93rd
Based on 1 990 companies
93rd percentile
2.2
Low
0 — 0
Typical Range
0 — 0
High
0 —
Distribution Statistics
United Kingdom
Min 0
30th Percentile 0
Median 0
70th Percentile 0
Max 3 279.7

Trainline PLC
Glance View

Trainline PLC, a prominent name in the realm of European train and coach travel, embarked on its journey embracing the digital age with vigor. Originating as a ticketing platform in the UK, it has swiftly expanded its reach across Europe, offering a comprehensive digital solution for travelers seeking efficient rail and coach transportation. Trainline PLC operates as an aggregator, centralizing schedules, prices, and booking services for multiple train operators and bus companies. This consolidation simplifies the often complex web of transport options, providing users with a seamless booking experience. By leveraging its extensive database and partnerships, Trainline effectively streamlines the travel planning process for millions, turning a traditionally cumbersome task into a straightforward digital interaction. The company's business model is anchored in the convenience it provides to travelers, making its revenue through both booking fees and commissions from its partner companies. As travelers use Trainline's platform to purchase tickets, the company collects a small fee for each transaction, which constitutes a significant portion of its income. Additionally, by partnering with train and bus operators, Trainline earns a commission for facilitating these sales. This dual revenue stream not only ensures steady cash flow but also incentivizes Trainline to continually improve and innovate its service offerings. As travel habits evolve and digital solutions become increasingly sought after, Trainline positions itself not just as a ticket seller, but as a vital cog in the machinery of modern European travel.

TRN Intrinsic Value
227.61 GBX
Overvaluation 5%
Intrinsic Value
Price GBX240.8
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