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GuruFocus has detected 7 Warning Signs with Cowen Group Inc $COWN.
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Cowen Group Inc (NAS:COWN)
EV/EBITDA
-60.38 (As of Today)

EV/EBITDA ratio is calculated as enterprise value divided by its EBITDA. As of today, Cowen Group Inc's enterprise value is $-103.9 Mil. Cowen Group Inc's earnings before depreciation and amortization for the trailing twelve months (TTM) ended in Sep. 2016 was $1.7 Mil. Therefore, Cowen Group Inc's EV/EBITDA ratio for today is -60.38.

During the past 13 years, the highest EV/EBITDA Ratio of Cowen Group Inc was 464.90. The lowest was -100.60. And the median was 0.30.

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, Cowen Group Inc's stock price is $14.65. Cowen Group Inc's earnings per share for the trailing twelve months (TTM) ended in Sep. 2016 was $0.16. Therefore, Cowen Group Inc's P/E Ratio for today is 91.56.

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


Definition

Cowen Group Inc's EV/EBITDA for today is calculated as:

EV/EBITDA=Enterprise Value (Today)/Earnings Before Depreciation and Amortization (TTM)
=-103.850/1.72
=-60.38

Cowen Group Inc's current Enterprise Value is $-103.9 Mil.
Cowen Group Inc's Earnings Before Depreciation and Amortization for the trailing twelve months (TTM) ended in Sep. 2016 was -7.642 (Dec. 2015 ) + 0.182 (Mar. 2016 ) + -27.289 (Jun. 2016 ) + 36.469 (Sep. 2016 ) = $1.7 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.

Cowen Group Inc's P/E Ratio for today is calculated as:

P/E Ratio=Share Price (Today)/Earnings Per Share (TTM)
=14.65/0.16
=91.56

Cowen Group Inc's share price for today is $14.65.
Cowen Group Inc's Earnings Per Share for the trailing twelve months (TTM) ended in Sep. 2016 was 1 (Dec. 2015 ) + -0.2 (Mar. 2016 ) + -0.44 (Jun. 2016 ) + -0.2 (Sep. 2016 ) = $0.16.

* 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.

Cowen Group Inc Annual Data

Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15
ev2ebitda 2.93-1.74-1.3911.449.2010.31458.23-16.98-9.36-4.54

Cowen Group Inc Quarterly Data

Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16
ev2ebitda -29.65-29.31-9.36-0.54-1.94-5.10-4.54-20.881.20-62.44
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