EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, CIT Group's Enterprise Value is $5,862 Mil.
CIT Group's Free Cash Flow for the trailing twelve months (TTM) ended in Sep. 2021 was $211 Mil. Therefore, CIT Group's EV-to-FCF for today is 27.73.
The historical rank and industry rank for CIT Group's EV-to-FCF or its related term are showing as below:
CIT'
s EV-to-FCF Range Over the Past 10 Years
Min: -1287.27 Med: -13.11 Max: 202.74
Current: 27.73
During the past 13 years, the highest EV-to-FCF of CIT Group was 202.74. The lowest was -1287.27. And the median was -13.11.
CIT's EV-to-FCF is not ranked
in the Banks industry.
Industry Median: 5.71
vs CIT: 27.73
EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio to determine the fair market value of a company.
As of today (2024-05-05), CIT Group's stock price is $53.50.
CIT Group's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Sep. 2021 was $6.860. Therefore, CIT Group's PE Ratio for today is 7.80.
CIT Group EV-to-FCF Historical Data
The historical data trend for CIT Group's EV-to-FCF can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Banks - Regional subindustry, CIT Group's EV-to-FCF, along with its competitors' market caps and EV-to-FCF data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
CIT Group's EV-to-FCF Distribution in the Banks Industry
For the Banks industry and Financial Services sector, CIT Group's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where CIT Group's EV-to-FCF falls into.
CIT Group's current Enterprise Value is $5,862 Mil.
CIT Group's Free Cash Flow for the trailing twelve months (TTM) ended in Sep. 2021 adds up the quarterly data reported by the company within the most recent 12 months, which was $211 Mil.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
CIT Group (NYSE:CIT) EV-to-FCF Explanation
EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio to determine the fair market value of a company.
CIT Group's share price for today is $53.50.
CIT Group's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Sep. 2021 adds up the quarterly data reported by the company within the most recent 12 months, which was $6.860.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Free Cash Flow is an important financial metric because it represents the actual amount of cash at a company's disposal. Companies with a low EV-to-FCF ratio, combined with a strong balance sheet are generally considered as undervalued.
CIT Group EV-to-FCF Related Terms
Thank you for viewing the detailed overview of CIT Group's EV-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.
CIT Group Inc is a banking holding company and a financial holding company operating primarily in North America. It provides financing, leasing, and advisory services primarily to middle-market companies in a diverse group of industries. The company's banking subsidiary mostly operates in Southern California and offers both commercial and retail banking services. The company sources its commercial lending business through direct marketing to customers, vendors, and distributors, among other parties. The company generates revenue by earning interest on loans and investments, as well as commission, fees, and rental income on leased equipment and other financial services. The company also syndicates and sells finance receivables.
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