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JPMorgan Chase & Co (NYSE:JPM)
Enterprise Value
$251,557 Mil (As of Today)

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 and cash equivalents.

EV/EBIT ratio is calculated as enterprise value divided by its EBIT. As of today, JPMorgan Chase & Co's enterprise value is $251,557 Mil. JPMorgan Chase & Co's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2016 was $33,228 Mil. Therefore, JPMorgan Chase & Co's EV/EBIT ratio for today is 7.57.

EV/EBITDA ratio is calculated as enterprise value divided by its EBITDA. As of today, JPMorgan Chase & Co's enterprise value is $251,557 Mil. JPMorgan Chase & Co's earnings before depreciation and amortization for the trailing twelve months (TTM) ended in Sep. 2016 was $38,533 Mil. Therefore, JPMorgan Chase & Co's EV/EBITDA ratio for today is 6.53.

EV/Revenue ratio is calculated as enterprise value divided by its Revenue. As of today, JPMorgan Chase & Co's enterprise value is $251,557 Mil. JPMorgan Chase & Co's revenue for the trailing twelve months (TTM) ended in Sep. 2016 was $95,177 Mil. Therefore, JPMorgan Chase & Co's EV/Revenue ratio for today is 2.64.


Definition

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

JPMorgan Chase & Co's Enterprise Value for the fiscal year that ended in Dec. 2014 is calculated as

Enterprise Value (A: Dec. 2014 )
=Market Cap+Preferred Stock+Long-Term Debt & Capital Lease Obligation
=232471.5582+20063+306601
+Current Portion of Long-Term Debt+Minority Interest-Cash and Cash Equivalents
+66344+0-512308
=113,172

JPMorgan Chase & Co's Enterprise Value for the quarter that ended in Sep. 2016 is calculated as

Enterprise Value (Q: Sep. 2016 )
=Market Cap+Preferred Stock+Long-Term Debt & Capital Lease Obligation
=238276.3334+26068+333897
+Current Portion of Long-Term Debt+Minority Interest-Cash and Cash Equivalents
+12258+0-417590
=192,909

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


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/EBIT ratio is calculated as enterprise value divided by its EBIT.

JPMorgan Chase & Co's EV/EBIT for today is

JPMorgan Chase & Co's current Enterprise Value is $251,557 Mil.
JPMorgan Chase & Co's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2016 was 7371 (Dec. 2015 ) + 7578 (Mar. 2016 ) + 9340 (Jun. 2016 ) + 8939 (Sep. 2016 ) = $33,228 Mil.

2. EV/EBITDA ratio is calculated as enterprise value divided by its EBITDA.

JPMorgan Chase & Co's EV/EBITDA for today is:

JPMorgan Chase & Co's current Enterprise Value is $251,557 Mil.
JPMorgan Chase & Co's Earnings Before Depreciation and Amortization for the trailing twelve months (TTM) ended in Sep. 2016 was 8644 (Dec. 2015 ) + 8867 (Mar. 2016 ) + 10676 (Jun. 2016 ) + 10346 (Sep. 2016 ) = $38,533 Mil.

3. EV/Revenue ratio is calculated as enterprise value divided by its Revenue.

JPMorgan Chase & Co's EV/Revenue for today is:

EV/Revenue ratio=Enterprise Value (Today)/Revenue (TTM)
=251557.370/95177
=2.64

JPMorgan Chase & Co's current Enterprise Value is $251,557 Mil.
JPMorgan Chase & Co's Earnings Before Depreciation and Amortization for the trailing twelve months (TTM) ended in Sep. 2016 was 22885 (Dec. 2015 ) + 23239 (Mar. 2016 ) + 24380 (Jun. 2016 ) + 24673 (Sep. 2016 ) = $95,177 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Related Terms

Market Cap, Preferred Stock, Long-Term Debt & Capital Lease Obligation, Cash and Cash Equivalents, Current Portion of Long-Term Debt


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

JPMorgan Chase & Co Annual Data

Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15
ev 311,956386,833293,128446,829464,776318,675331,808228,724113,172232,780

JPMorgan Chase & Co Quarterly Data

Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16
ev 182,202166,141113,17282,540211,589192,827232,780192,460218,062192,909
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