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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-to-EBITDA
-11.16 (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 $-189.3 Mil. Cowen Group Inc's earnings before depreciation and amortization for the trailing twelve months (TTM) ended in Dec. 2016 was $17.0 Mil. Therefore, Cowen Group Inc's EV/EBITDA ratio for today is -11.16.

COWN' s EV-to-EBITDA Range Over the Past 10 Years
Min: -100.6   Max: 310.2
Current: -11.16

-100.6
310.2

During the past 13 years, the highest EV/EBITDA Ratio of Cowen Group Inc was 310.20. The lowest was -100.60. And the median was -0.40.

COWN's EV-to-EBITDA is ranked lower than
99.99% of the 617 Companies
in the Global Capital Markets industry.

( Industry Median: 13.49 vs. COWN: -11.16 )

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 $15.90. Cowen Group Inc's earnings per share for the trailing twelve months (TTM) ended in Dec. 2016 was $-0.97. Therefore, Cowen Group Inc's P/E Ratio for today is .

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)
=-189.322/16.968
=-11.16

Cowen Group Inc's current Enterprise Value is $-189.3 Mil.
Cowen Group Inc's Earnings Before Depreciation and Amortization for the trailing twelve months (TTM) ended in Dec. 2016 was 0.182 (Mar. 2016 ) + -27.289 (Jun. 2016 ) + 36.469 (Sep. 2016 ) + 7.606 (Dec. 2016 ) = $17.0 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)
=15.90/-0.97
=

Cowen Group Inc's share price for today is $15.90.
Cowen Group Inc's Earnings Per Share for the trailing twelve months (TTM) ended in Dec. 2016 was -0.2 (Mar. 2016 ) + -0.44 (Jun. 2016 ) + -0.2 (Sep. 2016 ) + -0.13 (Dec. 2016 ) = $-0.97.

* 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

Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
ev2ebitda -1.770.14-14.3617.7313.99229.46-17.24-9.36-7.35-12.24

Cowen Group Inc Quarterly Data

Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16
ev2ebitda -29.12-9.36-0.54-1.94-5.10-7.35-20.881.20-62.44-12.24
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