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Two Harbors Investment Corp (NYSE:TWO)
EV/EBITDA
-34.34 (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 $-12,251.7 Mil. Two Harbors Investment Corp's earnings before depreciation and amortization for the trailing twelve months (TTM) ended in Mar. 2015 was $356.8 Mil. Therefore, Two Harbors Investment Corp's EV/EBITDA ratio for today is -34.34.

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 $10.10. Two Harbors Investment Corp's earnings per share for the trailing twelve months (TTM) ended in Mar. 2015 was $0.80. Therefore, Two Harbors Investment Corp's P/E Ratio for today is 12.64.

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)
=-12251.715/356.787
=-34.34

Two Harbors Investment Corp's current Enterprise Value is $-12,251.7 Mil.
Two Harbors Investment Corp's Earnings Before Depreciation and Amortization for the trailing twelve months (TTM) ended in Mar. 2015 was 41.736 (Jun. 2014 ) + 213.755 (Sep. 2014 ) + -16.662 (Dec. 2014 ) + 117.958 (Mar. 2015 ) = $356.8 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)
=10.10/0.799
=12.64

Two Harbors Investment Corp's share price for today is $10.10.
Two Harbors Investment Corp's Earnings Per Share for the trailing twelve months (TTM) ended in Mar. 2015 was 0.11 (Jun. 2014 ) + 0.53 (Sep. 2014 ) + -0.101 (Dec. 2014 ) + 0.26 (Mar. 2015 ) = $0.80.

* 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 0.000.000.0081.3040.83-35.12-55.60-39.95-14.18-64.22

Two Harbors Investment Corp Quarterly Data

Dec12Mar13Jun13Sep13Dec13Mar14Jun14Sep14Dec14Mar15
ev2ebitda -39.95-28.79-14.55-14.89-14.18-19.43-81.27-23.22-64.22-33.86
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