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Think of Enterprise Value as the theoretical takeover price. It is more comprehensive than market capitalization (Market Cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.
EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Aon's Enterprise Value is $73,655 Mil. Aon's EBIT for the trailing twelve months (TTM) ended in Mar. 2024 was $3,768 Mil. Therefore, Aon's EV-to-EBIT ratio for today is 19.55.
EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, Aon's Enterprise Value is $73,655 Mil. Aon's EBITDA for the trailing twelve months (TTM) ended in Mar. 2024 was $4,021 Mil. Therefore, Aon's EV-to-EBITDA ratio for today is 18.32.
EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, Aon's Enterprise Value is $73,655 Mil. Aon's Revenue for the trailing twelve months (TTM) ended in Mar. 2024 was $13,575 Mil. Therefore, Aon's EV-to-Revenue ratio for today is 5.43.
The historical data trend for Aon's Enterprise Value can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Aon Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Enterprise Value | Get a 7-Day Free Trial | 56,059.11 | 55,462.39 | 74,244.29 | 72,283.76 | 68,761.79 |
Aon Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Enterprise Value | Get a 7-Day Free Trial | 68,485.81 | 73,756.64 | 69,077.38 | 68,761.79 | 77,290.79 |
For the Insurance Brokers subindustry, Aon's Enterprise Value, along with its competitors' market caps and Enterprise Value data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
For the Insurance industry and Financial Services sector, Aon's Enterprise Value distribution charts can be found below:
* The bar in red indicates where Aon's Enterprise Value falls into.
Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.
Aon's Enterprise Value for the fiscal year that ended in Dec. 2023 is calculated as
Enterprise Value (A: Dec. 2023 ) | |||||
= | Market Cap | + | Preferred Stock | + | Long-Term Debt & Capital Lease Obligation |
= | 57792.78874 | + | 0 | + | 10646 |
+ | Short-Term Debt & Capital Lease Obligation | + | Minority Interest | - | Cash, Cash Equivalents, Marketable Securities |
+ | 1386 | + | 84 | - | 1147 |
= | 68,762 |
Aon's Enterprise Value for the quarter that ended in Mar. 2024 is calculated as
Enterprise Value (Q: Mar. 2024 ) | |||||
= | Market Cap | + | Preferred Stock | + | Long-Term Debt & Capital Lease Obligation |
= | 66276.792 | + | 0 | + | 16532 |
+ | Short-Term Debt & Capital Lease Obligation | + | Minority Interest | - | Cash, Cash Equivalents, Marketable Securities |
+ | 785 | + | 105 | - | 6408 |
= | 77,291 |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Aon (NYSE:AON) Enterprise Value Explanation
When an investor buy a company, the investor needs to pay not only the common shares, he/she also needs to pay the shareholders of Preferred Stocks. He also assumes the debt of the company, and receives the cash on the company's balance sheet.
If a company has more cash than debt, the investor actually pays less than the Market Cap because he immediately owns the cash once the transaction goes through.
The market value of Preferred Stock needs to be added to the market value of common stocks in the calculation of Enterprise Value.
For the companies with the same Market Cap, the smaller the Enterprise Value is, the cheaper the company is.
Enterprise Value can be negative when the company's net cash is more than its Market Cap. In this case the investor is basically getting the company for free and get paid for that.
1. EV-to-EBIT is calculated as Enterprise Value divided by its EBIT.
Aon's EV-to-EBIT for today is
EV-to-EBIT | = | Enterprise Value (Today) | / | EBIT (TTM) |
= | 73655.168 | / | 3768 | |
= | 19.55 |
Aon's current Enterprise Value is $73,655 Mil.
Aon's EBIT for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $3,768 Mil.
2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.
Aon's EV-to-EBITDA for today is:
EV-to-EBITDA | = | Enterprise Value (Today) | / | EBITDA(TTM) |
= | 73655.168 | / | 4021 | |
= | 18.32 |
Aon's current Enterprise Value is $73,655 Mil.
Aon's EBITDA for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $4,021 Mil.
3. EV-to-Revenue is calculated as Enterprise Value divided by its Revenue.
Aon's EV-to-Revenue for today is:
EV-to-Revenue | = | Enterprise Value (Today) | / | Revenue (TTM) |
= | 73655.168 | / | 13575 | |
= | 5.43 |
Aon's current Enterprise Value is $73,655 Mil.
Aon's Revenue for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $13,575 Mil.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Thank you for viewing the detailed overview of Aon's Enterprise Value provided by GuruFocus.com. Please click on the following links to see related term pages.
Byron Spruell | director | 200 EAST RANDOLPH ST., CHICAGO IL 60601 |
Eric Andersen | officer: CEO, Aon Benfield | 200 EAST RANDOLPH ST., CHICAGO IL 60601 |
Sarah G Smith | director | C/O GOLDMAN SACHS & CO. LLC, 200 WEST STREET, NEW YORK NY 10282 |
Christa Davies | officer: EVP, Global Finance | AON CORPORATE LAW DEPT, 200 EAST RANDOLPH ST, 8TH FL, CHICAGO IL 60601 |
Michael Neller | officer: Principal Accounting Officer | 200 EAST RANDOLPH ST., CHICAGO IL 60601 |
Mindy F. Simon | officer: Chief Operating Officer | FOUR EMBARCADERO CENTER, SUITE 2100, SAN FRANCISCO CA 94111 |
Adriana Karaboutis | director | C/O BIOGEN IDEC INC., 225 BINNEY ST., CAMBRIDGE MA 02142 |
Darren Zeidel | officer: General Counsel | 200 EAST RANDOLPH ST., CHICAGO IL 60640 |
Lester B Knight | director | C/O AON CORP, 200 EAST RANDOLPH STREET, CHICAGO IL 60601 |
Jillian Slyfield | officer: Chief Innovation Officer | 200 E RANDOLPH ST., CHICAGO IL 60601 |
J Michael Losh | director | H.B. FULLER COMPANY, P.O. BOX 64683, ST. PAUL MN 55164-0683 |
James Platt | officer: Chief Operating Officer | THE LEADENHALL BUILDING, 122 LEADENHALL ST., LONDON X0 EC3V 4AN |
John G Bruno | officer: Executive Vice President, CIO | |
Carolyn Y Woo | director | 801 E. 86TH AVENUE, MERRILLVILLE IN 4641- |
Anthony R Goland | officer: EVP and CHRO | C/O AON LAW DEPARTMENT, 200 EAST RANDOLPH ST, CHICAGO IL 60601 |
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