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Two Harbors Investment Corp (NYSE:TWO)
EV/EBITDA
-55.30 (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 $-11,195.8 Mil. Two Harbors Investment Corp's earnings before depreciation and amortization for the trailing twelve months (TTM) ended in Dec. 2014 was $202.5 Mil. Therefore, Two Harbors Investment Corp's EV/EBITDA ratio for today is -55.30.

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 $10.45. Two Harbors Investment Corp's earnings per share for the trailing twelve months (TTM) ended in Dec. 2014 was $0.46. Therefore, Two Harbors Investment Corp's P/E Ratio for today is 22.77.

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)
=-11195.778/202.467
=-55.30

Two Harbors Investment Corp's current Enterprise Value is $-11,195.8 Mil.
Two Harbors Investment Corp's Earnings Before Depreciation and Amortization for the trailing twelve months (TTM) ended in Dec. 2014 was -36.362 (Mar. 2014 ) + 41.736 (Jun. 2014 ) + 213.755 (Sep. 2014 ) + -16.662 (Dec. 2014 ) = $202.5 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.

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

P/E Ratio=Share Price (Today)/Earnings Per Share (TTM)
=10.45/0.459
=22.77

Two Harbors Investment Corp's share price for today is $10.45.
Two Harbors Investment Corp's Earnings Per Share for the trailing twelve months (TTM) ended in Dec. 2014 was -0.08 (Mar. 2014 ) + 0.11 (Jun. 2014 ) + 0.53 (Sep. 2014 ) + -0.101 (Dec. 2014 ) = $0.46.

* 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.

Two Harbors Investment Corp Annual Data

Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14
ev2ebitda 0.000.000.0081.3040.83-35.12-55.60-39.953.940.00

Two Harbors Investment Corp Quarterly Data

Sep12Dec12Mar13Jun13Sep13Dec13Mar14Jun14Sep14Dec14
ev2ebitda -78.56-39.95-28.79-14.55-14.893.94-19.43-81.27-23.220.00
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