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Cowen Group, Inc. (NAS:COWN)
EV/EBITDA
-28.76 (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 $-2,590.4 Mil. Cowen Group, Inc.'s earnings before depreciation and amortization for the trailing twelve months (TTM) ended in Sep. 2014 was $90.1 Mil. Therefore, Cowen Group, Inc.'s EV/EBITDA ratio for today is -28.76.

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 $4.23. Cowen Group, Inc.'s earnings per share for the trailing twelve months (TTM) ended in Sep. 2014 was $0.22. Therefore, Cowen Group, Inc.'s P/E Ratio for today is 19.23.

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)
=-2590.399/90.081
=-28.76

Cowen Group, Inc.'s current Enterprise Value is $-2,590.4 Mil.
Cowen Group, Inc.'s Earnings Before Depreciation and Amortization for the trailing twelve months (TTM) ended in Sep. 2014 was 14.414 (Dec. 2013 ) + 23.668 (Mar. 2014 ) + 26.408 (Jun. 2014 ) + 25.591 (Sep. 2014 ) = $90.1 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their own 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)
=4.23/0.22
=19.23

Cowen Group, Inc.'s share price for today is $4.23.
Cowen Group, Inc.'s Earnings Per Share for the trailing twelve months (TTM) ended in Sep. 2014 was 0.02 (Dec. 2013 ) + 0.08 (Mar. 2014 ) + 0.07 (Jun. 2014 ) + 0.05 (Sep. 2014 ) = $0.22.

* All numbers are in millions except for per share data and ratio. All numbers are in their own 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 own currency.

Cowen Group, Inc. Annual Data

Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13
ev2ebitda 0.000.002.93-2.69-1.3511.4517.7310.24458.21-17.35

Cowen Group, Inc. Quarterly Data

Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14Jun14Sep14
ev2ebitda 3.383.34458.21327.15-50.26-25.40-17.35-19.95-29.65-29.25
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