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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, Fidelity National Financial's Enterprise Value is $15,404 Mil. Fidelity National Financial's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was $867 Mil. Therefore, Fidelity National Financial's EV-to-EBIT ratio for today is 17.77.
EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, Fidelity National Financial's Enterprise Value is $15,404 Mil. Fidelity National Financial's EBITDA for the trailing twelve months (TTM) ended in Dec. 2023 was $1,460 Mil. Therefore, Fidelity National Financial's EV-to-EBITDA ratio for today is 10.55.
EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, Fidelity National Financial's Enterprise Value is $15,404 Mil. Fidelity National Financial's Revenue for the trailing twelve months (TTM) ended in Dec. 2023 was $11,521 Mil. Therefore, Fidelity National Financial's EV-to-Revenue ratio for today is 1.34.
The historical data trend for Fidelity National Financial'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.
Fidelity National Financial Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Enterprise Value | Get a 7-Day Free Trial | 12,283.73 | 11,619.46 | 13,907.01 | 12,309.30 | 16,269.27 |
Fidelity National Financial Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Enterprise Value | Get a 7-Day Free Trial | 12,309.30 | 11,591.74 | 11,645.44 | 12,944.13 | 16,269.27 |
For the Insurance - Specialty subindustry, Fidelity National Financial'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, Fidelity National Financial's Enterprise Value distribution charts can be found below:
* The bar in red indicates where Fidelity National Financial'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.
Fidelity National Financial'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 |
= | 13941.26602 | + | 0 | + | 4281 |
+ | Short-Term Debt & Capital Lease Obligation | + | Minority Interest | - | Balance Sheet Cash And Cash Equivalents |
+ | 0 | + | 552 | - | 2505 |
= | 16,269 |
Fidelity National Financial'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 |
= | 13941.26602 | + | 0 | + | 4281 |
+ | Short-Term Debt & Capital Lease Obligation | + | Minority Interest | - | Balance Sheet Cash And Cash Equivalents |
+ | 0 | + | 552 | - | 2505 |
= | 16,269 |
* 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.
Fidelity National Financial (NYSE:FNF) 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.
Fidelity National Financial's EV-to-EBIT for today is
EV-to-EBIT | = | Enterprise Value (Today) | / | EBIT (TTM) |
= | 15403.544 | / | 867 | |
= | 17.77 |
Fidelity National Financial's current Enterprise Value is $15,404 Mil.
Fidelity National Financial'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 $867 Mil.
2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.
Fidelity National Financial's EV-to-EBITDA for today is:
EV-to-EBITDA | = | Enterprise Value (Today) | / | EBITDA(TTM) |
= | 15403.544 | / | 1460 | |
= | 10.55 |
Fidelity National Financial's current Enterprise Value is $15,404 Mil.
Fidelity National Financial'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 $1,460 Mil.
3. EV-to-Revenue is calculated as Enterprise Value divided by its Revenue.
Fidelity National Financial's EV-to-Revenue for today is:
EV-to-Revenue | = | Enterprise Value (Today) | / | Revenue (TTM) |
= | 15403.544 | / | 11521 | |
= | 1.34 |
Fidelity National Financial's current Enterprise Value is $15,404 Mil.
Fidelity National Financial'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 $11,521 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 Fidelity National Financial's Enterprise Value provided by GuruFocus.com. Please click on the following links to see related term pages.
Daniel D Lane | director | 14 CORPORATE PLZ, SUITE 150, NEWPORT BEACH CA 92660 |
Halim Dhanidina | director | 601 RIVERSIDE AVENUE, JACKSONVILLE FL 32204 |
Michael Joseph Nolan | officer: President | 601 RIVERSIDE AVENUE, JACKSONVILLE FL 32204 |
Shea Peter O Jr | director | 601 RIVERSIDE AVENUE, JACKSONVILLE FL 32204 |
Peter T Sadowski | officer: EVP, Chief Legal Officer | FIDELITY NATIONAL FINANCIAL, INC., 601 RIVERSIDE AVENUE, JACKSONVILLE FL 32204 |
Thomas M Hagerty | director | C/O THOMAS H. LEE PARTNERS, L.P., 100 FEDERAL STREET, 35 FLOOR, BOSTON MA 02110 |
Sandra Douglass Morgan | director | 601 RIVERSIDE AVENUE, JACKSONVILLE FL 32204 |
Raymond R Quirk | director, officer: Chief Executive Officer | 601 RIVERSIDE AVENUE, JACKSONVILLE FL 32204 |
Cary H Thompson | director | 1999 AVE OF THE STARS, 32ND FL, LOS ANGELES CA 90067 |
Roger S Jewkes | officer: Chief Operating Officer | 601 RIVERSIDE AVENUE, JACKSONVILLE FL 32204 |
Anthony Park | officer: EVP & Chief Financial Officer | 601 RIVERSIDE AVENUE, JACKSONVILLE FL 32204 |
Michael L Gravelle | officer: Executive Vice President | 601 RIVERSIDE AVENUE, JACKSONVILLE FL 32204 |
Douglas K Ammerman | director | 601 RIVERSIDE AVENUE, JACKSONVILLE FL 32204 |
Foley William P Ii | director | FIDELITY NATIONAL FINANCIAL, INC., 601 RIVERSIDE AVENUE, JACKSONVILLE FL 32204 |
John D Rood | director | 3020 HARTLEY ROAD SUITE 300, JACKSONVILLE FL 32257 |
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