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, HAL Trust's Enterprise Value is €16,493 Mil.
HAL Trust's EBIT for the trailing twelve months (TTM) ended in Dec. 2025 was €2,418 Mil. Therefore, HAL Trust's EV-to-EBIT ratio for today is 6.82.
EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, HAL Trust's Enterprise Value is €16,493 Mil.
HAL Trust's EBITDA for the trailing twelve months (TTM) ended in Dec. 2025 was €3,494 Mil. Therefore, HAL Trust's EV-to-EBITDA ratio for today is 4.72.
EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, HAL Trust's Enterprise Value is €16,493 Mil.
HAL Trust's Revenue for the trailing twelve months (TTM) ended in Dec. 2025 was €12,807 Mil. Therefore, HAL Trust's EV-to-Revenue ratio for today is 1.29.
EV-to-FCF is calculated as Enterprise Value divided by its Free Cash Flow. As of today, HAL Trust's Enterprise Value is €16,493 Mil.
HAL Trust's Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2025 was €1,491 Mil. Therefore, HAL Trust's EV-to-FCF ratio for today is 11.06.
*** 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.
HAL Trust (HAM:HA4) 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.
HAL Trust's current Enterprise Value is €16,493 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. HAL Trust's EBIT for the trailing twelve months (TTM) ended in Dec. 2025 was €2,418 Mil.
2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.
HAL Trust's current Enterprise Value is €16,493 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. HAL Trust's EBITDA for the trailing twelve months (TTM) ended in Dec. 2025 was €3,494 Mil.
HAL Trust's current Enterprise Value is €16,493 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. HAL Trust's Revenue for the trailing twelve months (TTM) ended in Dec. 2025 was €12,807 Mil.
HAL Trust's current Enterprise Value is €16,493 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. HAL Trust's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 was €2,683 Mil.
HAL Trust's current Enterprise Value is €16,493 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. HAL Trust's Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2025 was €1,491 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.
HAL Trust Enterprise Value Related Terms
HAL Trust Enterprise Value Historical Data
* Premium members only.
The historical data trend for HAL Trust'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.
HAM:HA4 vs BLK, BX, KKR: Enterprise Value Comparison
For the Asset Management subindustry, HAL Trust'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.
HAL Trust Enterprise Value vs Asset Management Industry
For the Asset Management industry and Financial Services sector, HAL Trust's Enterprise Value distribution charts can be found below:
* The bar in red indicates where HAL Trust'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.
HAL Trust'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.
HAL Trust (HAM:HA4) has a Enterprise Value of €16,493 Mil as of Jun. 29, 2026. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on HAL Trust and its competitors.
Is HAL Trust's Enterprise Value too high?
HAL Trust's current Enterprise Value is €16,493 Mil. Overall, HAL Trust has a GF Score™ of 32/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does HAL Trust's Enterprise Value compare to BLK and BX?
HAL Trust's Enterprise Value of €16,493 Mil can be compared against companies in the Asset Management 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 an Asset Management company?
A good Enterprise Value depends on the Asset Management 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 HAL Trust and its competitors. HAL Trust's current Enterprise Value is €16,493 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is HAL Trust stock overvalued right now?
Based on GuruFocus' analysis, HAL Trust (HAM:HA4) is currently considered Modestly Overvalued. The stock's GF Value™ is €128.29, compared to a current price of €160.20 — trading 24.9% above its estimated fair value. The current Enterprise Value is €16,493 Mil. HAL Trust's overall GF Score™ is 32/100 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 HAL Trust (HAM:HA4), the current Enterprise Value is €16,493 Mil as of Jun. 29, 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 HAL Trust (HAM:HA4) Overvalued in 2026?
Based on GuruFocus' analysis, HAL Trust stock appears to be overvalued.
The current stock price of €160.20 is trading 24.9% above its estimated GF Value™ of €128.29.
GuruFocus considers HAL Trust to be Modestly Overvalued.
Key valuation signals for HAM:HA4:
Enterprise Value: €16,493 Mil
GF Value™: €128.29 vs. price of €160.20 (24.9% above fair value)
No single metric tells the full story. See the HAM:HA4 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
HAL Trust is an investment company. The company's reportable segments include Unquoted, Quoted interests, Real estate, and Liquid portfolio. It generates majority of its revenue from the Quoted interests segment which comprises both the company's consolidated and unconsolidated interests in publicly traded entities that are not in scope of the Liquid portfolio segment. Geographically, the company operates in Europe, USA & Canada, Asia, and Other. It generates maximum revenue from Europe.
32GF Score
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