Ocean Biomedical (Ocean Biomedical) EV-to-EBIT : -0.74 (As of Jun. 25, 2024)

Ocean Biomedical EV-to-EBIT Chart

Ocean Biomedical Quarterly Data
	Dec19	Mar20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
EV-to-EBIT	Get a 7-Day Free Trial										-	-	-3.43	-3.04	-1.79

Competitive Comparison of Ocean Biomedical's EV-to-EBIT

For the Biotechnology subindustry, Ocean Biomedical's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT 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.

Ocean Biomedical's EV-to-EBIT Distribution in the Biotechnology Industry

For the Biotechnology industry and Healthcare sector, Ocean Biomedical's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Ocean Biomedical's EV-to-EBIT falls into.

Ocean Biomedical EV-to-EBIT Calculation

Ocean Biomedical's EV-to-EBIT for today is calculated as:

Ocean Biomedical's current Enterprise Value is $60.18 Mil.
Ocean Biomedical's EBIT for the trailing twelve months (TTM) ended in Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-81.06 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.

Ocean Biomedical  (NAS:OCEA) EV-to-EBIT Explanation

This is a more accurate valuation of companies' operation because it considers the debt and cash on its balance sheet, and non-operating items such as interest payment, tax, and one-time items are not included in the Operating Income.

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %.

Ocean Biomedical's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2023 is calculated as:

Ocean Biomedical's Enterprise Value for the quarter that ended in Sep. 2023 was $144.96 Mil.
Ocean Biomedical's EBIT for the trailing twelve months (TTM) ended in Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-81.06 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.

Ocean Biomedical EV-to-EBIT Related Terms

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

Ocean Biomedical (Ocean Biomedical) Business Description