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, Daiwa Office Investment's Enterprise Value is 円460,749 Mil.
Daiwa Office Investment's EBIT for the trailing twelve months (TTM) ended in Nov. 2023 was 円14,121 Mil. Therefore, Daiwa Office Investment's EV-to-EBIT ratio for today is 32.63.
* 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 Daiwa Office Investment's Enterprise Value
For the REIT - Office subindustry, Daiwa Office Investment'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.
Daiwa Office Investment's Enterprise Value Distribution in the REITs Industry
For the REITs industry and Real Estate sector, Daiwa Office Investment's Enterprise Value distribution charts can be found below:
* The bar in red indicates where Daiwa Office Investment's Enterprise Value falls into.
Daiwa Office Investment Enterprise Value Calculation
Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.
Daiwa Office Investment's Enterprise Value for the fiscal year that ended in Nov. 2022 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.
Daiwa Office Investment (TSE:8976) 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.
Daiwa Office Investment's current Enterprise Value is 円460,749 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. Daiwa Office Investment's EBIT for the trailing twelve months (TTM) ended in Nov. 2023 was 円14,121 Mil.
2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.
Daiwa Office Investment's EV-to-EBITDA for today is:
Daiwa Office Investment's current Enterprise Value is 円460,749 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. Daiwa Office Investment's EBITDA for the trailing twelve months (TTM) ended in Nov. 2023 was 円17,709 Mil.
Daiwa Office Investment's current Enterprise Value is 円460,749 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. Daiwa Office Investment's Revenue for the trailing twelve months (TTM) ended in Nov. 2023 was 円28,697 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.
Daiwa Office Investment Enterprise Value Related Terms
Thank you for viewing the detailed overview of Daiwa Office Investment's Enterprise Value provided by GuruFocus.com. Please click on the following links to see related term pages.
Daiwa Office Investment (TSE:8976) Business Description
Daiwa Office Investment Corp is a real estate investment trust focused on acquiring, managing, and leasing office properties located in the Five Central Wards of Tokyo. The vast majority of the company's real estate portfolio is composed of office buildings fairly evenly distributed between Tokyo's Five Central Wards in terms of total value. Daiwa derives nearly all of its income in the form of rental revenue from leasing its properties. The firm has a varied tenant base from a number of industries, including the entertainment, retail, insurance, and food and beverage companies.
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