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EV/EBITDA ratio is calculated as enterprise value divided by its EBITDA. As of today, Comerica Inc's enterprise value is $4,022 Mil. Comerica Inc's earnings before depreciation and amortization for the trailing twelve months (TTM) ended in Dec. 2014 was $993 Mil. Therefore, Comerica Inc's EV/EBITDA ratio for today is 4.05.
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, Comerica Inc's stock price is $45.78. Comerica Inc's earnings per share for the trailing twelve months (TTM) ended in Dec. 2014 was $3.16. Therefore, Comerica Inc's P/E Ratio for today is 14.47.
The "classic" EV/EBITDA ratio is much better in capturing debt and net cash than the P/E Ratio.
Comerica Inc's EV/EBITDA for today is calculated as:
|EV/EBITDA||=||Enterprise Value (Today)||/||Earnings Before Depreciation and Amortization (TTM)|
Comerica Inc's current Enterprise Value is $4,022 Mil.
Comerica Inc's Earnings Before Depreciation and Amortization for the trailing twelve months (TTM) ended in Dec. 2014 was 232 (Mar. 2014 ) + 253 (Jun. 2014 ) + 258 (Sep. 2014 ) + 250 (Dec. 2014 ) = $993 Mil.
Comerica Inc's P/E Ratio for today is calculated as:
Comerica Inc's share price for today is $45.78.
Comerica Inc's Earnings Per Share for the trailing twelve months (TTM) ended in Dec. 2014 was 0.73 (Mar. 2014 ) + 0.8 (Jun. 2014 ) + 0.82 (Sep. 2014 ) + 0.813 (Dec. 2014 ) = $3.16.
Study has found that the companies with the lowest EV/EBITDA outperforms companies measured as cheap by other ratios such as P/E Ratio.
Comerica Inc Annual Data
Comerica Inc Quarterly Data