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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, Tian Cheng Holdings's Enterprise Value is HK$11.8 Mil.
Tian Cheng Holdings's EBIT for the trailing twelve months (TTM) ended in Nov. 2025 was HK$-43.5 Mil. Therefore, Tian Cheng Holdings's EV-to-EBIT ratio for today is -0.27.
EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, Tian Cheng Holdings's Enterprise Value is HK$11.8 Mil.
Tian Cheng Holdings's EBITDA for the trailing twelve months (TTM) ended in Nov. 2025 was HK$-43.5 Mil. Therefore, Tian Cheng Holdings's EV-to-EBITDA ratio for today is -0.27.
EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, Tian Cheng Holdings's Enterprise Value is HK$11.8 Mil.
Tian Cheng Holdings's Revenue for the trailing twelve months (TTM) ended in Nov. 2025 was HK$154.0 Mil. Therefore, Tian Cheng Holdings's EV-to-Revenue ratio for today is 0.08.
*** 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.
Tian Cheng Holdings (HKSE:02110) 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.
Tian Cheng Holdings's current Enterprise Value is HK$11.8 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. Tian Cheng Holdings's EBIT for the trailing twelve months (TTM) ended in Nov. 2025 was HK$-43.5 Mil.
2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.
Tian Cheng Holdings's current Enterprise Value is HK$11.8 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. Tian Cheng Holdings's EBITDA for the trailing twelve months (TTM) ended in Nov. 2025 was HK$-43.5 Mil.
Tian Cheng Holdings's current Enterprise Value is HK$11.8 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. Tian Cheng Holdings's Revenue for the trailing twelve months (TTM) ended in Nov. 2025 was HK$154.0 Mil.
Tian Cheng Holdings's current Enterprise Value is HK$11.8 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. Tian Cheng Holdings's Cash Flow from Operations for the trailing twelve months (TTM) ended in Nov. 2025 was HK$-21.3 Mil.
Tian Cheng Holdings's current Enterprise Value is HK$11.8 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. Tian Cheng Holdings's Free Cash Flow for the trailing twelve months (TTM) ended in Nov. 2025 was HK$-21.3 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.
Tian Cheng Holdings Enterprise Value Related Terms
Tian Cheng Holdings Enterprise Value Historical Data
* Premium members only.
The historical data trend for Tian Cheng 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.
HKSE:02110 vs PWR, FIX, EME: Enterprise Value Comparison
For the Engineering & Construction subindustry, Tian Cheng 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.
Tian Cheng Holdings Enterprise Value vs Construction Industry
For the Construction industry and Industrials sector, Tian Cheng Holdings's Enterprise Value distribution charts can be found below:
* The bar in red indicates where Tian Cheng 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.
Tian Cheng Holdings's Enterprise Value for the fiscal year that ended in May. 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.
Tian Cheng Holdings (HKSE:02110) has a Enterprise Value of HK$11.8 Mil as of Aug. 03, 2026. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on Tian Cheng Holdings and its competitors.
Is Tian Cheng Holdings' Enterprise Value too high?
Tian Cheng Holdings' current Enterprise Value is HK$11.8 Mil.
How does Tian Cheng Holdings' Enterprise Value compare to PWR and FIX?
Tian Cheng Holdings' Enterprise Value of HK$11.8 Mil can be compared against companies in the Construction 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 Construction company?
A good Enterprise Value depends on the Construction 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 Tian Cheng Holdings and its competitors. Tian Cheng Holdings's current Enterprise Value is HK$11.8 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tian Cheng Holdings stock overvalued right now?
Based on GuruFocus' analysis, Tian Cheng Holdings (HKSE:02110) is currently considered Modestly Undervalued. The stock's GF Value™ is HK$0.10, compared to a current price of HK$0.08 — trading 25% below its estimated fair value. The current Enterprise Value is HK$11.8 Mil. 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 Tian Cheng Holdings (HKSE:02110), the current Enterprise Value is HK$11.8 Mil as of Aug. 03, 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.
Tian Cheng Holdings Ltd is a subcontractor specializing in marine construction and civil engineering projects, and engages in marine works including reclamation, sand adjustment, submarine pipeline, sedimentation, and sediment treatment. The company also provides vessel chartering and other civil engineering services such as foundation works, site formation, road, and drainage works. It operates through four segments: Marine Construction Works, Other Civil Engineering Works, Health and Wellness Services, and Vessel Chartering Services. The company generates the majority of its revenue from marine construction and operates mainly in Hong Kong and the PRC, with the majority of revenue coming from Hong Kong.
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