Invesco Advantage Municipalome Trust II (Invesco Advantage Municipalome Trust II) Enterprise Value : $413.72 Mil (As of Apr. 30, 2024)

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What is Invesco Advantage Municipalome Trust II Enterprise Value?

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. This ratio does not apply to banks.

EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. This ratio does not apply to banks.

EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, Invesco Advantage Municipalome Trust II's Enterprise Value is $413.72 Mil. Invesco Advantage Municipalome Trust II's Revenue for the trailing twelve months (TTM) ended in Aug. 2023 was $-0.13 Mil. Therefore, Invesco Advantage Municipalome Trust II's EV-to-Revenue ratio for today is -3,309.78.

Invesco Advantage Municipalome Trust II Enterprise Value Historical Data

The historical data trend for Invesco Advantage Municipalome Trust II'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.

* Premium members only.

Invesco Advantage Municipalome Trust II Enterprise Value Chart

Invesco Advantage Municipalome Trust II Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Enterprise Value

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611.46

645.44

638.39

609.97

433.71

Invesco Advantage Municipalome Trust II Semi-Annual Data
	Feb14	Aug14	Feb15	Aug15	Feb16	Aug16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23
Enterprise Value	Get a 7-Day Free Trial															694.11	609.97	508.38	433.71	406.62

Competitive Comparison of Invesco Advantage Municipalome Trust II's Enterprise Value

For the Asset Management subindustry, Invesco Advantage Municipalome Trust II'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.

Invesco Advantage Municipalome Trust II's Enterprise Value Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Invesco Advantage Municipalome Trust II's Enterprise Value distribution charts can be found below:

* The bar in red indicates where Invesco Advantage Municipalome Trust II's Enterprise Value falls into.

Invesco Advantage Municipalome Trust II Enterprise Value Calculation

Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.

Invesco Advantage Municipalome Trust II's Enterprise Value for the fiscal year that ended in Feb. 2023 is calculated as

	Enterprise Value (A: Feb. 2023 )
=	Market Cap	+	Preferred Stock	+	Long-Term Debt & Capital Lease Obligation
=	379.22724	+	0	+	68.29
+	Short-Term Debt & Capital Lease Obligation	+	Minority Interest	-	Balance Sheet Cash And Cash Equivalents
+	0	+	0	-	13.811
=	433.71

Invesco Advantage Municipalome Trust II's Enterprise Value for the quarter that ended in Aug. 2023 is calculated as

	Enterprise Value (Q: Aug. 2023 )
=	Market Cap	+	Preferred Stock	+	Long-Term Debt & Capital Lease Obligation
=	359.6886	+	0	+	49.865
+	Short-Term Debt & Capital Lease Obligation	+	Minority Interest	-	Balance Sheet Cash And Cash Equivalents
+	0	+	0	-	2.937
=	406.62

Invesco Advantage Municipalome Trust II (AMEX:VKI) 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-Revenue is calculated as Enterprise Value divided by its Revenue.

Invesco Advantage Municipalome Trust II's EV-to-Revenue for today is:

EV-to-Revenue	=	Enterprise Value (Today)	/	Revenue (TTM)
	=	413.722	/	-0.125
	=	-3,309.78

Invesco Advantage Municipalome Trust II's current Enterprise Value is $413.72 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. Invesco Advantage Municipalome Trust II's Revenue for the trailing twelve months (TTM) ended in Aug. 2023 was $-0.13 Mil.

Invesco Advantage Municipalome Trust II Enterprise Value Related Terms

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Invesco Advantage Municipalome Trust II (Invesco Advantage Municipalome Trust II) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Invesco Advantage Municipal Income Trust II (AMEX:VKI) » Definitions » Enterprise Value

Comparable Companies

Traded in Other Exchanges

N/A

Address

1555 Peachtree Street, N.E., Suite 1800, Atlanta, GA, USA, 30309

Website

https://www.invesco.com

Invesco Advantage Municipal Income Trust II is a diversified, closed-end management investment company. The investment objective of the company is to provide common shareholders with a high level of current income exempt from federal income tax, consistent with preservation of capital.

Executives

Glenn Eugene Brightman	officer: President & PEO	570 CARILLON PARKWAY, ST. PETERSBURG FL 33716
Stephanie Butcher	officer: Senior Vice President	1555 PEACHTREE ST. NE, ATLANTA GA 30309
Tony Wong	director, officer: Senior Vice President	1331 SPRING STREET NW, SUITE 2500, ATLANTA GA 30309
Melanie Ringold	officer: SVP, CLO and Secretary	1555 PEACHTREE STREE NE, SUITE 1800, ATLANTA GA 30309
Timothy M O'reilly	other: Portfolio Manager	1555 PEACHTREE STREET NE, SUITE 1800, ATLANTA GA 30309
Mark William Gregson	officer: Chief Accounting Officer	1555 PEACHTREE STREET NE, ATLANTA GA 30309
Terry Vacheron	officer: Chief Financial Officer	1555 PEACHTREE ST. NE, SUITE 1800, ATLANTA GA 30309
Bordewick James R Jr	officer: Senior Officer & SVP	C/O BANC OF AMERICA INVESTMENT ADVISORS, 100 FEDERAL STREET, BOSTON MA 02110
Rebecca Setcavage	other: Portfolio Manager	1555 PEACHTREE ST NE SUITE 1800, ATLANTA GA 30309
Josh Cooney	other: Portfolio Manager	1555 PEACHTREE ST NE SUITE 1800, ATLANTA GA 30309
Adrien Deberghes	officer: Vice President,PFO & Treasurer	1555 PEACHTREE STREET NE SUITE 1800, ATLANTA GA 30309
Banc Of America Preferred Funding Corp	10 percent owner	214 NORTH TRYON STREET, CHARLOTTE NC 28255
Laura Allison Dukes	officer: SMD and CFO	780 JOHNSON FERRY ROAD, SUITE 800, ATLANTA GA 30342
Kevin M Carome	director
Annette Lege	director, officer: CFO & CAO	1555 PEACHTREE ST. NE, SUITE 1800, ATLANTA GA 30309