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GuruFocus has detected 8 Warning Signs with Apartment Investment & Management Co $AIV.
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Apartment Investment & Management Co (NYSE:AIV)
EV/EBITDA
18.87 (As of Today)

EV/EBITDA ratio is calculated as enterprise value divided by its EBITDA. As of today, Apartment Investment & Management Co's enterprise value is $11,132.3 Mil. Apartment Investment & Management Co's earnings before depreciation and amortization for the trailing twelve months (TTM) ended in Sep. 2016 was $589.9 Mil. Therefore, Apartment Investment & Management Co's EV/EBITDA ratio for today is 18.87.

AIV' s EV/EBITDA Range Over the Past 10 Years
Min: 1.9   Max: 20.1
Current: 18.87

1.9
20.1

During the past 13 years, the highest EV/EBITDA Ratio of Apartment Investment & Management Co was 20.10. The lowest was 1.90. And the median was 16.10.

AIV's EV/EBITDA is ranked lower than
63% of the 619 Companies
in the Global REIT - Residential industry.

( Industry Median: 16.26 vs. AIV: 18.87 )

EV/EBITDA (Enterprise value/EBITDA) is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the P/E Ratio to determine the fair market value of a company.

As of today, Apartment Investment & Management Co's stock price is $44.04. Apartment Investment & Management Co's earnings per share for the trailing twelve months (TTM) ended in Sep. 2016 was $2.06. Therefore, Apartment Investment & Management Co's P/E Ratio for today is 21.38.

The "classic" EV/EBITDA ratio is much better in capturing debt and net cash than the P/E Ratio.


Definition

Apartment Investment & Management Co's EV/EBITDA for today is calculated as:

EV/EBITDA=Enterprise Value (Today)/Earnings Before Depreciation and Amortization (TTM)
=11132.293/589.944
=18.87

Apartment Investment & Management Co's current Enterprise Value is $11,132.3 Mil.
Apartment Investment & Management Co's Earnings Before Depreciation and Amortization for the trailing twelve months (TTM) ended in Sep. 2016 was 146.504 (Dec. 2015 ) + 145.274 (Mar. 2016 ) + 151.865 (Jun. 2016 ) + 146.301 (Sep. 2016 ) = $589.9 Mil.

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


Explanation

EV/EBITDA (Enterprise value/EBITDA) is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the P/E Ratio to determine the fair market value of a company.

Apartment Investment & Management Co's P/E Ratio for today is calculated as:

P/E Ratio=Share Price (Today)/Earnings Per Share (TTM)
=44.04/2.06
=21.38

Apartment Investment & Management Co's share price for today is $44.04.
Apartment Investment & Management Co's Earnings Per Share for the trailing twelve months (TTM) ended in Sep. 2016 was 0.43 (Dec. 2015 ) + 0.15 (Mar. 2016 ) + 1.41 (Jun. 2016 ) + 0.07 (Sep. 2016 ) = $2.06.

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

Study has found that the companies with the lowest EV/EBITDA outperforms companies measured as cheap by other ratios such as P/E Ratio.

Please read Which price ratio outperforms the enterprise multiple?


Related Terms

Enterprise Value, Earnings Before Depreciation and Amortization, P/E Ratio


Historical Data

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

Apartment Investment & Management Co Annual Data

Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15
ev2ebitda 15.846.1911.4113.7916.6515.5114.6814.9314.4718.22

Apartment Investment & Management Co Quarterly Data

Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16
ev2ebitda 13.1612.7114.4716.4917.7817.8518.2218.5819.0319.46
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