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, Noble Energy's Enterprise Value is $12,619 Mil.
Noble Energy's EBIT for the trailing twelve months (TTM) ended in Jun. 2020 was $-5,626 Mil. Therefore, Noble Energy's EV-to-EBIT ratio for today is -2.24.
EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, Noble Energy's Enterprise Value is $12,619 Mil.
Noble Energy's EBITDA for the trailing twelve months (TTM) ended in Jun. 2020 was $-3,653 Mil. Therefore, Noble Energy's EV-to-EBITDA ratio for today is -3.45.
EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, Noble Energy's Enterprise Value is $12,619 Mil.
Noble Energy's Revenue for the trailing twelve months (TTM) ended in Jun. 2020 was $3,884 Mil. Therefore, Noble Energy's EV-to-Revenue ratio for today is 3.25.
Noble Energy Enterprise Value Historical Data
The historical data trend for Noble Energy'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 Noble Energy's Enterprise Value
For the Oil & Gas E&P subindustry, Noble Energy'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.
Noble Energy's Enterprise Value Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Noble Energy's Enterprise Value distribution charts can be found below:
* The bar in red indicates where Noble Energy's Enterprise Value falls into.
Noble Energy 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.
Noble Energy's Enterprise Value for the fiscal year that ended in Dec. 2019 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.
Noble Energy (NAS:NBL) 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.
Noble Energy's current Enterprise Value is $12,619 Mil.
Noble Energy's EBIT for the trailing twelve months (TTM) ended in Jun. 2020 adds up the quarterly data reported by the company within the most recent 12 months, which was $-5,626 Mil.
2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.
Noble Energy's current Enterprise Value is $12,619 Mil.
Noble Energy's EBITDA for the trailing twelve months (TTM) ended in Jun. 2020 adds up the quarterly data reported by the company within the most recent 12 months, which was $-3,653 Mil.
Noble Energy's current Enterprise Value is $12,619 Mil.
Noble Energy's Revenue for the trailing twelve months (TTM) ended in Jun. 2020 adds up the quarterly data reported by the company within the most recent 12 months, which was $3,884 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.
Noble Energy Enterprise Value Related Terms
Thank you for viewing the detailed overview of Noble Energy's Enterprise Value provided by GuruFocus.com. Please click on the following links to see related term pages.
Noble Energy is an independent oil and gas producer with key assets in the U.S., Israel, and West Africa. At the end of 2019, the company reported net proven reserves of 2.05 billion barrels of oil equivalent. Net production averaged 361 thousand barrels of oil equivalent per day in 2019, at a ratio of 57% oil and natural gas liquids and 43% natural gas.
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