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Cowen Group, Inc. (NAS:COWN)
EV/EBITDA
-3.11 (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 $-368.2 Mil. Cowen Group, Inc.'s earnings before depreciation and amortization for the trailing twelve months (TTM) ended in Jun. 2015 was $118.5 Mil. Therefore, Cowen Group, Inc.'s EV/EBITDA ratio for today is -3.11.

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 $5.13. Cowen Group, Inc.'s earnings per share for the trailing twelve months (TTM) ended in Jun. 2015 was $1.45. Therefore, Cowen Group, Inc.'s P/E Ratio for today is 3.54.

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)
=-368.217/118.48
=-3.11

Cowen Group, Inc.'s current Enterprise Value is $-368.2 Mil.
Cowen Group, Inc.'s Earnings Before Depreciation and Amortization for the trailing twelve months (TTM) ended in Jun. 2015 was 25.591 (Sep. 2014 ) + 35.897 (Dec. 2014 ) + 34.491 (Mar. 2015 ) + 22.501 (Jun. 2015 ) = $118.5 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)
=5.13/1.449
=3.54

Cowen Group, Inc.'s share price for today is $5.13.
Cowen Group, Inc.'s Earnings Per Share for the trailing twelve months (TTM) ended in Jun. 2015 was 0.05 (Sep. 2014 ) + 1.209 (Dec. 2014 ) + 0.14 (Mar. 2015 ) + 0.05 (Jun. 2015 ) = $1.45.

* 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

Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14
ev2ebitda 0.002.92-1.75-1.3511.4517.7310.24458.21-17.18-9.43

Cowen Group, Inc. Quarterly Data

Mar13Jun13Sep13Dec13Mar14Jun14Sep14Dec14Mar15Jun15
ev2ebitda 331.10-50.26-25.40-17.18-19.95-29.65-29.31-9.43-0.54-1.94
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