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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, Apartment Investment & Management Co's Enterprise Value is $2,319.7 Mil. Apartment Investment & Management Co's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was $-132.3 Mil. Therefore, Apartment Investment & Management Co's EV-to-EBIT ratio for today is -17.53.
EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, Apartment Investment & Management Co's Enterprise Value is $2,319.7 Mil. Apartment Investment & Management Co's EBITDA for the trailing twelve months (TTM) ended in Dec. 2023 was $-63.5 Mil. Therefore, Apartment Investment & Management Co's EV-to-EBITDA ratio for today is -36.53.
EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, Apartment Investment & Management Co's Enterprise Value is $2,319.7 Mil. Apartment Investment & Management Co's Revenue for the trailing twelve months (TTM) ended in Dec. 2023 was $187.0 Mil. Therefore, Apartment Investment & Management Co's EV-to-Revenue ratio for today is 12.41.
The historical data trend for Apartment Investment & Management Co'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.
For the REIT - Residential subindustry, Apartment Investment & Management Co'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 REITs industry and Real Estate sector, Apartment Investment & Management Co's Enterprise Value distribution charts can be found below:
* The bar in red indicates where Apartment Investment & Management Co'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.
Apartment Investment & Management Co'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 |
= | 1100.71008 | + | 0 | + | 1266.438 |
+ | Short-Term Debt & Capital Lease Obligation | + | Minority Interest | - | Cash, Cash Equivalents, Marketable Securities |
+ | 0 | + | 241.958 | - | 122.601 |
= | 2,486.5 |
Apartment Investment & Management Co's Enterprise Value for the quarter that ended in Dec. 2023 is calculated as
Enterprise Value (Q: Dec. 2023 ) | |||||
= | Market Cap | + | Preferred Stock | + | Long-Term Debt & Capital Lease Obligation |
= | 1100.71008 | + | 0 | + | 1266.438 |
+ | Short-Term Debt & Capital Lease Obligation | + | Minority Interest | - | Cash, Cash Equivalents, Marketable Securities |
+ | 0 | + | 241.958 | - | 122.601 |
= | 2,486.5 |
* 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.
Apartment Investment & Management Co (NYSE:AIV) 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.
Apartment Investment & Management Co's EV-to-EBIT for today is
EV-to-EBIT | = | Enterprise Value (Today) | / | EBIT (TTM) |
= | 2319.708 | / | -132.336 | |
= | -17.53 |
Apartment Investment & Management Co's current Enterprise Value is $2,319.7 Mil.
Apartment Investment & Management Co's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-132.3 Mil.
2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.
Apartment Investment & Management Co's EV-to-EBITDA for today is:
EV-to-EBITDA | = | Enterprise Value (Today) | / | EBITDA(TTM) |
= | 2319.708 | / | -63.502 | |
= | -36.53 |
Apartment Investment & Management Co's current Enterprise Value is $2,319.7 Mil.
Apartment Investment & Management Co's EBITDA for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-63.5 Mil.
3. EV-to-Revenue is calculated as Enterprise Value divided by its Revenue.
Apartment Investment & Management Co's EV-to-Revenue for today is:
EV-to-Revenue | = | Enterprise Value (Today) | / | Revenue (TTM) |
= | 2319.708 | / | 186.995 | |
= | 12.41 |
Apartment Investment & Management Co's current Enterprise Value is $2,319.7 Mil.
Apartment Investment & Management Co's Revenue for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $187.0 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 Apartment Investment & Management Co's Enterprise Value provided by GuruFocus.com. Please click on the following links to see related term pages.
Sherry L Rexroad | director | 2 BAYBERRY CIRCLE, AMBLER PA 19002 |
Kellie Dreyer | officer: Senior Vice President and CAO | 4582 S. ULSTER ST. SUITE 1450, DENVER CO 80237 |
James Patrick Sullivan | director | 34 SOUTH PEAK, LAGUNA NIGUEL CA 92677 |
Jay P Leupp | director | 16435 N. SCOTTSDALE ROAD, SUITE 320, SCOTTSDALE AZ 85254 |
Michael A Stein | director | 4582 S. ULSTER STREET, SUITE 1100, DENVER CO 80237 |
Kirk Sykes | director | C/O ARES COMMERCIAL REAL ESTATE CORP., 245 PARK AVENUE, 42ND FLOOR, NEW YORK NY 10167 |
Robert A. Miller | director | 6649 WESTWOOD BLVD, SUITE 500, ORLANDO FL 32821 |
R Dary Stone | director | 3344 PEACHTREE ROAD, SUITE 1800, ATLANTA GA 30326 |
Patricia L Gibson | director | 545 E JOHN CARPENTER FREEWAY, SUITE 1300, IRVING TX 75062 |
Quincy Allen | director | 4582 S. ULSTER STREET, SUITE 1700, DENVER CO 80237 |
Deborah Smith | director | 4582 S. ULSTER STREET, SUITE 1450, DENVER CO 80237 |
Terry Considine | director | 4582 SOUTH ULSTER STREET PARKWAY, SUITE 1100, DENVER CO 80237 |
Jennifer Johnson | officer: EVP CAO and General Counsel | 4582 S. ULSTER STREET, STE 1400, DENVER CO 80237 |
Wesley William Powell | director, officer: President and CEO | 4582 S. ULSTER STREET, SUITE 1100, DENVER CO 80237 |
Lynn Stanfield | officer: EVP and CFO | 4582 S. ULSTER STREET, SUITE 1100, DENVER CO 80237 |
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