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GuruFocus has detected 6 Warning Signs with Cowen Group Inc $COWN.
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Cowen Group Inc (NAS:COWN)
EV-to-EBITDA
-16.18 (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 $-274.5 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 -16.18.

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 0.20.

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 $13.05. 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)
=-274.478/16.968
=-16.18

Cowen Group Inc's current Enterprise Value is $-274.5 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)
=13.05/-0.97
=

Cowen Group Inc's share price for today is $13.05.
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 -1.74-1.3911.449.2010.31458.23-16.98-9.36-3.86-12.24

Cowen Group Inc Quarterly Data

Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16
ev2ebitda -29.31-9.36-0.54-1.94-5.10-3.86-20.881.20-62.44-12.24
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