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, Fortrea Holdings's Enterprise Value is $1,547 Mil.
Fortrea Holdings's EBIT for the trailing twelve months (TTM) ended in Dec. 2024 was $-151 Mil. Therefore, Fortrea Holdings's EV-to-EBIT ratio for today is -10.23.
EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, Fortrea Holdings's Enterprise Value is $1,547 Mil.
Fortrea Holdings's EBITDA for the trailing twelve months (TTM) ended in Dec. 2024 was $-64 Mil. Therefore, Fortrea Holdings's EV-to-EBITDA ratio for today is -24.06.
EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, Fortrea Holdings's Enterprise Value is $1,547 Mil.
Fortrea Holdings's Revenue for the trailing twelve months (TTM) ended in Dec. 2024 was $2,696 Mil. Therefore, Fortrea Holdings's EV-to-Revenue ratio for today is 0.57.
The historical data trend for Fortrea Holdings'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.
Competitive Comparison of Fortrea Holdings's Enterprise Value
For the Biotechnology subindustry, Fortrea Holdings'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.
Fortrea Holdings's Enterprise Value Distribution in the Biotechnology Industry
For the Biotechnology industry and Healthcare sector, Fortrea Holdings's Enterprise Value distribution charts can be found below:
* The bar in red indicates where Fortrea Holdings'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.
Fortrea Holdings's Enterprise Value for the fiscal year that ended in Dec. 2024 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.
Fortrea Holdings (NAS:FTRE) 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.
Fortrea Holdings's current Enterprise Value is $1,547 Mil.
Fortrea Holdings's EBIT for the trailing twelve months (TTM) ended in Dec. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-151 Mil.
2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.
Fortrea Holdings's current Enterprise Value is $1,547 Mil.
Fortrea Holdings's EBITDA for the trailing twelve months (TTM) ended in Dec. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-64 Mil.
Fortrea Holdings's current Enterprise Value is $1,547 Mil.
Fortrea Holdings's Revenue for the trailing twelve months (TTM) ended in Dec. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $2,696 Mil.
Fortrea Holdings's current Enterprise Value is $1,547 Mil.
Fortrea Holdings's Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $237 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.
Fortrea Holdings Enterprise Value Related Terms
Thank you for viewing the detailed overview of Fortrea Holdings's Enterprise Value provided by GuruFocus.com. Please click on the following links to see related term pages.
Fortrea Holdings is a late-stage contract research organization, or CRO, that provides comprehensive Phase I through IV clinical trial management, clinical pharmacology, and patient access solutions. The company works with emerging and large biopharma, medical device, and diagnostic companies to run their clinical trials as a functional-service provider, full-service provider, and offers hybrid trials. In 2023, Fortrea was formed as an independent, publicly traded company after Labcorp spun off its clinical development business, which it acquired via its purchase of Covance in 2015 for $6.1 billion. Fortrea has 19,000 staff members across 90 countries.
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