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, Patterson-UTI Energy's Enterprise Value is $5,696 Mil.
Patterson-UTI Energy's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was $360 Mil. Therefore, Patterson-UTI Energy's EV-to-EBIT ratio for today is 15.82.
EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, Patterson-UTI Energy's Enterprise Value is $5,696 Mil.
Patterson-UTI Energy's EBITDA for the trailing twelve months (TTM) ended in Dec. 2023 was $1,091 Mil. Therefore, Patterson-UTI Energy's EV-to-EBITDA ratio for today is 5.22.
Patterson-UTI Energy Enterprise Value Historical Data
The historical data trend for Patterson-UTI 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 Patterson-UTI Energy's Enterprise Value
For the Oil & Gas Drilling subindustry, Patterson-UTI 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.
Patterson-UTI Energy's Enterprise Value Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Patterson-UTI Energy's Enterprise Value distribution charts can be found below:
* The bar in red indicates where Patterson-UTI Energy's Enterprise Value falls into.
Patterson-UTI 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.
Patterson-UTI Energy's Enterprise Value for the fiscal year that ended in Dec. 2023 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.
Patterson-UTI Energy (NAS:PTEN) 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.
Patterson-UTI Energy's current Enterprise Value is $5,696 Mil.
Patterson-UTI Energy'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 $360 Mil.
2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.
Patterson-UTI Energy's current Enterprise Value is $5,696 Mil.
Patterson-UTI Energy'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 $1,091 Mil.
Patterson-UTI Energy's current Enterprise Value is $5,696 Mil.
Patterson-UTI Energy'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 $4,146 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.
Patterson-UTI Energy Enterprise Value Related Terms
Thank you for viewing the detailed overview of Patterson-UTI Energy's Enterprise Value provided by GuruFocus.com. Please click on the following links to see related term pages.
Patterson-UTI Energy (Patterson-UTI Energy) Business Description
Patterson-UTI Energy is one of the largest land rig drilling contractors in the United States and maintains moderately sized pressure-pumping operations primarily in Texas and the Appalachian region, plus some modest operations in Colombia. It also provides directional drilling services and tool rental services in most U.S. onshore oil and gas basins.
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