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Cowen Group, Inc. (NAS:COWN)
EV/EBITDA
-10.04 (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 $-1,119.8 Mil. Cowen Group, Inc.'s earnings before depreciation and amortization for the trailing twelve months (TTM) ended in Dec. 2014 was $111.6 Mil. Therefore, Cowen Group, Inc.'s EV/EBITDA ratio for today is -10.04.

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 $5.27. Cowen Group, Inc.'s earnings per share for the trailing twelve months (TTM) ended in Dec. 2014 was $1.41. Therefore, Cowen Group, Inc.'s P/E Ratio for today is 3.74.

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)
=-1119.788/111.564
=-10.04

Cowen Group, Inc.'s current Enterprise Value is $-1,119.8 Mil.
Cowen Group, Inc.'s Earnings Before Depreciation and Amortization for the trailing twelve months (TTM) ended in Dec. 2014 was 23.668 (Mar. 2014 ) + 26.408 (Jun. 2014 ) + 25.591 (Sep. 2014 ) + 35.897 (Dec. 2014 ) = $111.6 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)
=5.27/1.409
=3.74

Cowen Group, Inc.'s share price for today is $5.27.
Cowen Group, Inc.'s Earnings Per Share for the trailing twelve months (TTM) ended in Dec. 2014 was 0.08 (Mar. 2014 ) + 0.07 (Jun. 2014 ) + 0.05 (Sep. 2014 ) + 1.209 (Dec. 2014 ) = $1.41.

* 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 0.002.93-2.69-1.3511.4517.7310.24406.81-17.180.00

Cowen Group, Inc. Quarterly Data

Sep12Dec12Mar13Jun13Sep13Dec13Mar14Jun14Sep14Dec14
ev2ebitda 3.33406.81293.49-51.08-25.50-17.18-19.95-29.65-29.250.00
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