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, National Interstate's Enterprise Value is $645.6 Mil.
National Interstate's EBIT for the trailing twelve months (TTM) ended in Sep. 2016 was $38.2 Mil. Therefore, National Interstate's EV-to-EBIT ratio for today is 16.89.
EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, National Interstate's Enterprise Value is $645.6 Mil.
National Interstate's EBITDA for the trailing twelve months (TTM) ended in Sep. 2016 was $38.2 Mil. Therefore, National Interstate's EV-to-EBITDA ratio for today is 16.89.
EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, National Interstate's Enterprise Value is $645.6 Mil.
National Interstate's Revenue for the trailing twelve months (TTM) ended in Sep. 2016 was $650.6 Mil. Therefore, National Interstate's EV-to-Revenue ratio for today is 0.99.
National Interstate Enterprise Value Historical Data
The historical data trend for National Interstate'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.
Competitive Comparison of National Interstate's Enterprise Value
For the Insurance - Property & Casualty subindustry, National Interstate'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.
National Interstate's Enterprise Value Distribution in the Insurance Industry
For the Insurance industry and Financial Services sector, National Interstate's Enterprise Value distribution charts can be found below:
* The bar in red indicates where National Interstate's Enterprise Value falls into.
National Interstate 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.
National Interstate's Enterprise Value for the fiscal year that ended in Dec. 2015 is calculated as
* 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.
National Interstate (NAS:NATL) 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.
National Interstate's current Enterprise Value is $645.6 Mil.
National Interstate's EBIT for the trailing twelve months (TTM) ended in Sep. 2016 adds up the quarterly data reported by the company within the most recent 12 months, which was $38.2 Mil.
2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.
National Interstate's current Enterprise Value is $645.6 Mil.
National Interstate's EBITDA for the trailing twelve months (TTM) ended in Sep. 2016 adds up the quarterly data reported by the company within the most recent 12 months, which was $38.2 Mil.
National Interstate's current Enterprise Value is $645.6 Mil.
National Interstate's Revenue for the trailing twelve months (TTM) ended in Sep. 2016 adds up the quarterly data reported by the company within the most recent 12 months, which was $650.6 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.
National Interstate Enterprise Value Related Terms
Thank you for viewing the detailed overview of National Interstate's Enterprise Value provided by GuruFocus.com. Please click on the following links to see related term pages.
National Interstate (National Interstate) Business Description
National Interstate Corp was founded in 1989. The Company, together with its subsidiaries operates as an insurance holding company group that underwrites and sells traditional and alternative property and casualty insurance products to the passenger transportation, trucking and moving and storage industries, general commercial insurance to small businesses in Hawaii and Alaska and personal insurance to owners of recreational vehicles throughout the United States. It is a specialty property and casualty insurance company with a niche orientation and a focus on the transportation industry. It offers over 40 product lines in the specialty property and casualty insurance market, which it groups into four general business components, alternative risk transfer, transportation, specialty personal lines and Hawaii and Alaska based on the class of business, insureds' risk participation or geographic location. Alternative risk transfer underwrites, markets and distributes truck transportation, passenger transportation and moving and storage ART insurance products, also known as captives. Transportation underwrites commercial auto liability, general liability, physical damage, workers' compensation and motor truck cargo and related coverages for truck and passenger operators. Specialty personal lines offer coverage for campsite liability, vehicle replacement coverage and coverage for trailers, golf carts and campsite storage facilities. The Company offers its products through multiple distribution channels including independent agents and brokers, program administrators, affiliated agencies and agent internet initiatives. The Company competes with Lancer Insurance Company, RLI Corporation, Great West Casualty Company, Northland Insurance Company, Sentry Insurance, Progressive Corporation and National General Insurance, Liberty Mutual Insurance Company, First Insurance, Dongbu Insurance Company, DTRIC Insurance Company, Zurich Insurance Company, American International Group, Inc., Travelers Company, Inc.
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