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GuruFocus has detected 8 Warning Signs with Two Harbors Investment Corp $TWO.
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Two Harbors Investment Corp (NYSE:TWO)
EV-to-EBITDA
-5.00 (As of Today)

EV/EBITDA ratio is calculated as enterprise value divided by its EBITDA. As of today, Two Harbors Investment Corp's enterprise value is $-2,942.9 Mil. Two Harbors Investment Corp's earnings before depreciation and amortization for the trailing twelve months (TTM) ended in Dec. 2016 was $588.8 Mil. Therefore, Two Harbors Investment Corp's EV/EBITDA ratio for today is -5.00.

TWO' s EV-to-EBITDA Range Over the Past 10 Years
Min: -636.2   Max: 155.3
Current: -5

-636.2
155.3

During the past 10 years, the highest EV/EBITDA Ratio of Two Harbors Investment Corp was 155.30. The lowest was -636.20. And the median was -18.00.

TWO's EV-to-EBITDA is ranked lower than
99.99% of the 904 Companies
in the Global REIT - Residential industry.

( Industry Median: 17.01 vs. TWO: -5.00 )

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, Two Harbors Investment Corp's stock price is $9.99. Two Harbors Investment Corp's earnings per share for the trailing twelve months (TTM) ended in Dec. 2016 was $1.02. Therefore, Two Harbors Investment Corp's P/E Ratio for today is 9.79.

The "classic" EV/EBITDA ratio is much better in capturing debt and net cash than the P/E Ratio.


Definition

Two Harbors Investment Corp's EV/EBITDA for today is calculated as:

EV/EBITDA=Enterprise Value (Today)/Earnings Before Depreciation and Amortization (TTM)
=-2942.924/588.759
=-5.00

Two Harbors Investment Corp's current Enterprise Value is $-2,942.9 Mil.
Two Harbors Investment Corp's Earnings Before Depreciation and Amortization for the trailing twelve months (TTM) ended in Dec. 2016 was -41.791 (Mar. 2016 ) + 22.562 (Jun. 2016 ) + 161.626 (Sep. 2016 ) + 446.362 (Dec. 2016 ) = $588.8 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.

Two Harbors Investment Corp's P/E Ratio for today is calculated as:

P/E Ratio=Share Price (Today)/Earnings Per Share (TTM)
=9.99/1.02
=9.79

Two Harbors Investment Corp's share price for today is $9.99.
Two Harbors Investment Corp's Earnings Per Share for the trailing twelve months (TTM) ended in Dec. 2016 was -0.25 (Mar. 2016 ) + -0.05 (Jun. 2016 ) + 0.34 (Sep. 2016 ) + 0.98 (Dec. 2016 ) = $1.02.

* 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.

Two Harbors Investment Corp Annual Data

Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
ev2ebitda -1,946.7181.3240.83-35.12-55.60-39.95-14.18-49.210.14-5.77

Two Harbors Investment Corp Quarterly Data

Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16
ev2ebitda -23.22-49.21-33.86-9.64-9.580.14-1.68-18.35-11.54-5.77
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