Think of Enterprise Value as the theoretical takeover price. It is more comprehensive than market capitalization (Market Cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.
EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Emerald Holding's Enterprise Value is €1,213.8 Mil.
Emerald Holding's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was €8.0 Mil. Therefore, Emerald Holding's EV-to-EBIT ratio for today is 152.06.
EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, Emerald Holding's Enterprise Value is €1,213.8 Mil.
Emerald Holding's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 was €36.1 Mil. Therefore, Emerald Holding's EV-to-EBITDA ratio for today is 33.64.
EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, Emerald Holding's Enterprise Value is €1,213.8 Mil.
Emerald Holding's Revenue for the trailing twelve months (TTM) ended in Mar. 2026 was €405.2 Mil. Therefore, Emerald Holding's EV-to-Revenue ratio for today is 3.00.
EV-to-FCF is calculated as Enterprise Value divided by its Free Cash Flow. As of today, Emerald Holding's Enterprise Value is €1,213.8 Mil.
Emerald Holding's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was €43.5 Mil. Therefore, Emerald Holding's EV-to-FCF ratio for today is 27.89.
*** Please note that the current Enterprise Value is calculated using the current market capitalization and the most recently available financial data. If key financial fields—Long-Term Debt & Capital Lease Obligation and Short-Term Debt & Capital Lease Obligation—are recorded as null in the latest reporting period, our data vendor will default to using data from the prior period with valid entries.
Emerald Holding (FRA:EM7) Enterprise Value Explanation
When an investor buy a company, the investor needs to pay not only the common shares, he/she also needs to pay the shareholders of Preferred Stocks. He also assumes the debt of the company, and receives the cash on the company's balance sheet.
If a company has more cash than debt, the investor actually pays less than the Market Cap because he immediately owns the cash once the transaction goes through.
The market value of Preferred Stock needs to be added to the market value of common stocks in the calculation of Enterprise Value.
For the companies with the same Market Cap, the smaller the Enterprise Value is, the cheaper the company is.
Enterprise Value can be negative when the company's net cash is more than its Market Cap. In this case the investor is basically getting the company for free and get paid for that.
1. EV-to-EBIT is calculated as Enterprise Value divided by its EBIT.
Emerald Holding's current Enterprise Value is €1,213.8 Mil.
Emerald Holding's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €8.0 Mil.
2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.
Emerald Holding's current Enterprise Value is €1,213.8 Mil.
Emerald Holding's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €36.1 Mil.
Emerald Holding's current Enterprise Value is €1,213.8 Mil.
Emerald Holding's Revenue for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €405.2 Mil.
Emerald Holding's current Enterprise Value is €1,213.8 Mil.
Emerald Holding's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €50.6 Mil.
Emerald Holding's current Enterprise Value is €1,213.8 Mil.
Emerald Holding's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €43.5 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.
Emerald Holding Enterprise Value Related Terms
Emerald Holding Enterprise Value Historical Data
* Premium members only.
The historical data trend for Emerald Holding's Enterprise Value 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.
FRA:EM7 vs CRTO, EVC, QNST: Enterprise Value Comparison
For the Advertising Agencies subindustry, Emerald Holding's Enterprise Value, along with its competitors' market caps and Enterprise Value 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.
Emerald Holding Enterprise Value vs Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, Emerald Holding's Enterprise Value distribution charts can be found below:
* The bar in red indicates where Emerald Holding's Enterprise Value falls into.
Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.
Emerald Holding's Enterprise Value for the fiscal year that ended in Dec. 2025 is calculated as
* 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.
What does a Enterprise Value of €1,213.8 Mil mean?
Emerald Holding (FRA:EM7) has a Enterprise Value of €1,213.8 Mil as of Jun. 30, 2026. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on Emerald Holding and its competitors.
Is Emerald Holding's Enterprise Value too high?
Emerald Holding's current Enterprise Value is €1,213.8 Mil. Overall, Emerald Holding has a GF Score™ of 52/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Emerald Holding's Enterprise Value compare to CRTO and EVC?
Emerald Holding's Enterprise Value of €1,213.8 Mil can be compared against companies in the Media - Diversified industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Enterprise Value for a Media - Diversified company?
A good Enterprise Value depends on the Media - Diversified industry context. However, Enterprise Value should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Enterprise Value mean?
A high Enterprise Value can signal that a stock is expensive relative to its fundamentals. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on Emerald Holding and its competitors. Emerald Holding's current Enterprise Value is €1,213.8 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Emerald Holding stock overvalued right now?
Based on GuruFocus' analysis, Emerald Holding (FRA:EM7) is currently considered Significantly Overvalued. The stock's GF Value™ is €2.20, compared to a current price of €4.36 — trading 98.2% above its estimated fair value. The current Enterprise Value is €1,213.8 Mil. Emerald Holding's overall GF Score™ is 52/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Enterprise Value calculated?
Enterprise Value is calculated from a company's financial statements. For Emerald Holding (FRA:EM7), the current Enterprise Value is €1,213.8 Mil as of Jun. 30, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Emerald Holding (FRA:EM7) Overvalued in 2026?
Based on GuruFocus' analysis, Emerald Holding stock appears to be overvalued.
The current stock price of €4.36 is trading 98.2% above its estimated GF Value™ of €2.20.
GuruFocus considers Emerald Holding to be Significantly Overvalued.
Key valuation signals for FRA:EM7:
Enterprise Value: €1,213.8 Mil
GF Value™: €2.20 vs. price of €4.36 (98.2% above fair value)
No single metric tells the full story. See the FRA:EM7 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Emerald Holding Inc is a business-to-business (B2B) event organizer principally in the United States, with operations in the United Kingdom (U.K.), France, and other markets. The company is engaged in three complementary business lines: Connections division consists of a collection of B2B trade show franchises and other live events that provide exhibitors opportunities to engage with buyers and expand their brand's awareness in their industry; the Content division consists of B2B print publications and digital media products that complement existing trade show properties, and the Commerce division provides B2B e-commerce and digital merchandising solutions to manufacturers and retailers. Emerald's key revenue is derived from the Connections business, its only reportable segment.
52GF Score
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