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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, Mustang Bio's Enterprise Value is $-12.16 Mil.
Mustang Bio's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was $-3.24 Mil. Therefore, Mustang Bio's EV-to-EBIT ratio for today is 3.76.
EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, Mustang Bio's Enterprise Value is $-12.16 Mil.
Mustang Bio's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 was $-3.24 Mil. Therefore, Mustang Bio's EV-to-EBITDA ratio for today is 3.76.
EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, Mustang Bio's Enterprise Value is $-12.16 Mil.
Mustang Bio's Revenue for the trailing twelve months (TTM) ended in Mar. 2026 was $0.00 Mil. Therefore, Mustang Bio's EV-to-Revenue ratio for today is .
EV-to-FCF is calculated as Enterprise Value divided by its Free Cash Flow. As of today, Mustang Bio's Enterprise Value is $-12.16 Mil.
Mustang Bio's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was $-4.88 Mil. Therefore, Mustang Bio's EV-to-FCF ratio for today is 2.49.
*** 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.
Mustang Bio (NAS:MBIO) 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.
Mustang Bio's current Enterprise Value is $-12.16 Mil.
Mustang Bio'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 $-3.24 Mil.
2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.
Mustang Bio's current Enterprise Value is $-12.16 Mil.
Mustang Bio'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 $-3.24 Mil.
Mustang Bio's current Enterprise Value is $-12.16 Mil.
Mustang Bio'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 $0.00 Mil.
Mustang Bio's current Enterprise Value is $-12.16 Mil.
Mustang Bio'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 $-4.88 Mil.
Mustang Bio's current Enterprise Value is $-12.16 Mil.
Mustang Bio'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 $-4.88 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.
Mustang Bio Enterprise Value Related Terms
Mustang Bio Enterprise Value Historical Data
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The historical data trend for Mustang Bio'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.
MBIO vs ELAB, DRMA, PCSA: Enterprise Value Comparison
For the Biotechnology subindustry, Mustang Bio'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.
Mustang Bio Enterprise Value vs Biotechnology Industry
For the Biotechnology industry and Healthcare sector, Mustang Bio's Enterprise Value distribution charts can be found below:
* The bar in red indicates where Mustang Bio'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.
Mustang Bio'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.
Mustang Bio (MBIO) has a Enterprise Value of $-12.16 Mil as of Jul. 14, 2026. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on Mustang Bio and its competitors.
Is Mustang Bio's Enterprise Value too high?
Mustang Bio's current Enterprise Value is $-12.16 Mil. Overall, Mustang Bio has a GF Score™ of 30/100, reflecting its overall financial health beyond just this single metric.
How does Mustang Bio's Enterprise Value compare to ELAB and DRMA?
Mustang Bio's Enterprise Value of $-12.16 Mil can be compared against companies in the Biotechnology 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 Biotechnology company?
A good Enterprise Value depends on the Biotechnology 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 Mustang Bio and its competitors. Mustang Bio's current Enterprise Value is $-12.16 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mustang Bio stock overvalued right now?
Mustang Bio (MBIO) has a current Enterprise Value of $-12.16 Mil. The current Enterprise Value is $-12.16 Mil. Mustang Bio's overall GF Score™ is 30/100 with 2 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 Mustang Bio (MBIO), the current Enterprise Value is $-12.16 Mil as of Jul. 14, 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.
Mustang Bio Inc is a clinical-stage biopharmaceutical company focused on translating today's medical breakthroughs into potential cures for difficult-to-treat cancers. It acquires rights to these technologies by licensing or otherwise acquiring an ownership interest in the technologies, funding their research and development, and eventually either out-licensing or bringing the technologies to market. Its pipeline is currently focused on the core areas of gene therapies for rare genetic disorders, chimeric antigen receptor (CAR) engineered T cell (CAR T) therapies for hematologic malignancies, and CAR T therapies for solid tumors.
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