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CIT Group (CIT Group) EV-to-Revenue : 2.43 (As of Apr. 26, 2024)


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What is CIT Group EV-to-Revenue?

EV-to-Revenue is calculated as enterprise value divided by its revenue. As of today, CIT Group's enterprise value is $5,862 Mil. CIT Group's Revenue for the trailing twelve months (TTM) ended in Sep. 2021 was $2,410 Mil. Therefore, CIT Group's EV-to-Revenue for today is 2.43.

The historical rank and industry rank for CIT Group's EV-to-Revenue or its related term are showing as below:

CIT' s EV-to-Revenue Range Over the Past 10 Years
Min: 0.98   Med: 8.18   Max: 28.95
Current: 2.43

During the past 13 years, the highest EV-to-Revenue of CIT Group was 28.95. The lowest was 0.98. And the median was 8.18.

CIT's EV-to-Revenue is not ranked
in the Banks industry.
Industry Median: 2.465 vs CIT: 2.43

The reason Enterprise Value is used is because Enterprise Value is more real in reflecting how much an investor pays when buying a company. For detais, go to Enterprise Value.

EV-to-Revenue is a similar ratio to PS Ratio, except here Enterprise Value instead of Market Cap is used in the calculation.

As of today (2024-04-26), CIT Group's stock price is $53.50. CIT Group's Revenue per Share for the trailing twelve months (TTM) ended in Sep. 2021 was $24.20. Therefore, CIT Group's PS Ratio for today is 2.21.


CIT Group EV-to-Revenue Historical Data

The historical data trend for CIT Group's EV-to-Revenue 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.

* Premium members only.

CIT Group EV-to-Revenue Chart

CIT Group Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
EV-to-Revenue
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.65 5.79 4.44 4.30 2.66

CIT Group Quarterly Data
Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21
EV-to-Revenue Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.38 2.66 2.27 2.03 2.37

Competitive Comparison of CIT Group's EV-to-Revenue

For the Banks - Regional subindustry, CIT Group's EV-to-Revenue, along with its competitors' market caps and EV-to-Revenue 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-Revenue Distribution in the Banks Industry

For the Banks industry and Financial Services sector, CIT Group's EV-to-Revenue distribution charts can be found below:

* The bar in red indicates where CIT Group's EV-to-Revenue falls into.



CIT Group EV-to-Revenue Calculation

EV-to-Revenue is a similar ratio to PS Ratio, except here Enterprise Value instead of Market Cap is used in the calculation.

CIT Group's EV-to-Revenue for today is calculated as:

EV-to-Revenue=Enterprise Value (Today)/Revenue (TTM)
=5861.679/2409.6
=2.43

CIT Group's current Enterprise Value is $5,862 Mil.
CIT Group's Revenue 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 $2,410 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-Revenue Explanation

The reason Enterprise Value is used is because Enterprise Value is more real in reflecting how much an investor pays when buying a company. For detais, go to Enterprise Value.

CIT Group's PS Ratiofor today is calculated as:

PS Ratio=Share Price (Today)/Revenue per Share (TTM)
=53.50/24.203
=2.21

CIT Group's share price for today is $53.50.
CIT Group's Revenue per Share 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 $24.20.

* 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 EV-to-Revenue Related Terms

Thank you for viewing the detailed overview of CIT Group's EV-to-Revenue provided by GuruFocus.com. Please click on the following links to see related term pages.


CIT Group (CIT Group) Business Description

Traded in Other Exchanges
N/A
Address
11 West 42nd Street, New York, NY, USA, 10036
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.
Executives
John J. Fawcett officer: EVP and Chief Financial Office C/O CIT GROUP INC., 1 CIT DRIVE, LIVINGSTON NJ 07039
Wahida Plummer officer: EVP & Chief Risk Officer C/O CIT GROUP INC. 1 CIT DRIVE, #3251-9 LIVINGSTON NJ 07039
Marisa Harney officer: EVP & Chief Credit Officer C/O CIT GROUP INC., 1 CIT DRIVE, #3251-9, LIVINGSTON NJ 07039
Steve Solk officer: President, Consumer Banking C/O CIT GROUP INC., ATTN GENERAL COUNSEL 1 CIT DRIVE LIVINGSTON NJ 07039
Sheila A Stamps director C/O CIT GROUP, 1 CIT DRIVE, ATTN: GENERAL COUNSEL, LIVINGSTON NJ 07039
Michael L. Brosnan director C/O CIT GROUP INC. - GENERAL COUNSEL 1 CIT DRIVE LIVINGSTON NJ 07039
Gina M. Proia officer: EVP & Head of Marketing C/O CIT GROUP INC., ATTN GENERAL COUNSEL 1 CIT DRIVE LIVINGSTON NJ 07039
Denise M. Menelly officer: EVP, Head of Technology & Ops C/O CIT GROUP INC., 1 CIT DRIVE LIVINGSTON NJ 07039
Edward K Sperling officer: EVP & Controller C/O CIT GROUP, 1 CIT DRIVE, #3251-9 LIVINGSTON NJ 07039
Ellen R Alemany director, officer: Chair & CEO ONE ADP BOULEVARD, ROSELAND NJ 07068
James J Duffy officer: EVP & Chief HR Officer C/O CIT GROUP, 11 WEST 42ND ST. NEW YORK NY 10036
Gerald Rosenfeld director C/O CIT GROUP INC., 1 CIT DRIVE, #3251-9, LIVINGSTON NJ 07039
David Harnisch officer: Pres., Commercial Finance C/O CIT GROUP, 1 CIT DRIVE LIVINGSTON NJ 07039
Alan L Frank director C/O CIT GROUP, 1 CIT DRIVE, #3251-9 LIVINGSTON NJ 07039
John R Ryan director