Tortoise Pipeline & Energy Fund (Tortoise Pipeline & Energy Fund) Enterprise Value : $74.74 Mil (As of Apr. 28, 2024)

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What is Tortoise Pipeline & Energy Fund Enterprise Value?

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. This ratio does not apply to banks.

EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. This ratio does not apply to banks.

EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, Tortoise Pipeline & Energy Fund's Enterprise Value is $74.74 Mil. Tortoise Pipeline & Energy Fund's Revenue for the trailing twelve months (TTM) ended in Nov. 2023 was $5.03 Mil. Therefore, Tortoise Pipeline & Energy Fund's EV-to-Revenue ratio for today is 14.87.

Tortoise Pipeline & Energy Fund Enterprise Value Historical Data

The historical data trend for Tortoise Pipeline & Energy Fund'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.

* Premium members only.

Tortoise Pipeline & Energy Fund Enterprise Value Chart

Tortoise Pipeline & Energy Fund Annual Data

Trend

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Enterprise Value

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161.11

50.93

63.62

74.22

66.17

Tortoise Pipeline & Energy Fund Semi-Annual Data
	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23
Enterprise Value	Get a 7-Day Free Trial								63.62	81.13	74.22	63.84	66.17

Competitive Comparison of Tortoise Pipeline & Energy Fund's Enterprise Value

For the Asset Management subindustry, Tortoise Pipeline & Energy Fund'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.

Tortoise Pipeline & Energy Fund's Enterprise Value Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Tortoise Pipeline & Energy Fund's Enterprise Value distribution charts can be found below:

* The bar in red indicates where Tortoise Pipeline & Energy Fund's Enterprise Value falls into.

Tortoise Pipeline & Energy Fund 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.

Tortoise Pipeline & Energy Fund's Enterprise Value for the fiscal year that ended in Nov. 2023 is calculated as

	Enterprise Value (A: Nov. 2023 )
=	Market Cap	+	Preferred Stock	+	Long-Term Debt & Capital Lease Obligation
=	56.3361714	+	0	+	9.837
+	Short-Term Debt & Capital Lease Obligation	+	Minority Interest	-	Balance Sheet Cash And Cash Equivalents
+	0	+	0	-	0
=	66.17

Tortoise Pipeline & Energy Fund's Enterprise Value for the quarter that ended in Nov. 2023 is calculated as

	Enterprise Value (Q: Nov. 2023 )
=	Market Cap	+	Preferred Stock	+	Long-Term Debt & Capital Lease Obligation
=	56.3361714	+	0	+	9.837
+	Short-Term Debt & Capital Lease Obligation	+	Minority Interest	-	Balance Sheet Cash And Cash Equivalents
+	0	+	0	-	0
=	66.17

Tortoise Pipeline & Energy Fund (NYSE:TTP) 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-Revenue is calculated as Enterprise Value divided by its Revenue.

Tortoise Pipeline & Energy Fund's EV-to-Revenue for today is:

EV-to-Revenue	=	Enterprise Value (Today)	/	Revenue (TTM)
	=	74.738	/	5.025
	=	14.87

Tortoise Pipeline & Energy Fund's current Enterprise Value is $74.74 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. Tortoise Pipeline & Energy Fund's Revenue for the trailing twelve months (TTM) ended in Nov. 2023 was $5.03 Mil.

Tortoise Pipeline & Energy Fund Enterprise Value Related Terms

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Tortoise Pipeline & Energy Fund (Tortoise Pipeline & Energy Fund) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Tortoise Pipeline & Energy Fund Inc (NYSE:TTP) » Definitions » Enterprise Value

Comparable Companies

Traded in Other Exchanges

N/A

Address

6363 College Boulevard, Suite 100A, Overland Park, Leawood, KS, USA, 66211

Website

https://www.tortoiseecofin.com

Tortoise Pipeline & Energy Fund Inc is a non-diversified, closed-end investment management company. It invests in equity securities of North American pipeline companies that transport natural gas, natural gas liquids, crude oil, and refined products. The company seeks to invest in fixed-income and dividend-paying equity securities of power and energy infrastructure companies that provide stable and defensive characteristics throughout economic cycles.

Executives

Ciccotello Conrad S	director	5100 W. 115TH PLACE, LEAWOOD KS 66211
Jennifer Paquette	director	5100 W. 115TH PLACE, LEAWOOD KS 66211
H Kevin Birzer	director	5100 W. 115TH PLACE, LEAWOOD KS 66211
Alexandra Herger	director	5100 W. 115TH PLACE, LEAWOOD KS 66211
Matthew Sallee	other: Member of Investment Committee	5100 W. 115TH PLACE, LEAWOOD KS 66211
Rand C Berney	director	11550 ASH STREET, SUITE 300, LEAWOOD KS 66211
P. Bradley Adams	officer: Chief Financial Officer	5100 W. 115TH PLACE, LEAWOOD KS 66211
Brian Alan Kessens	officer: President	5100 W. 115TH PLACE, LEAWOOD KS 66211
Shobana Gopal	officer: Vice President	5100 W. 115TH PLACE, LEAWOOD KS 66211
Sean Paul Wickliffe	officer: Vice President & Asst Treas.	6363 COLLEGE BOULEVARD, OVERLAND PARK KS 66211
Gengler Courtney	officer: Vice President	5200 W. 115TH PLACE, LEAWOOD KS 66211
Ryan Channell	officer: Vice President	5100 W. 115TH PLACE, LEAWOOD KS 66211
James Ryan Mick	other: Member of Investment Committee	11550 ASH STREET, SUITE 300, LEAWOOD KS 66211
Prudential Insurance Co Of America	10 percent owner	751 BROAD STREET, NEWARK NJ 07102
Prudential Financial Inc	10 percent owner	751 BROAD ST, NEWARK NJ 07102