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, TMX Group's Enterprise Value is C$10,700 Mil.
TMX Group's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was C$2,267 Mil. Therefore, TMX Group's EV-to-EBIT ratio for today is 4.72.
EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, TMX Group's Enterprise Value is C$10,700 Mil.
TMX Group's EBITDA for the trailing twelve months (TTM) ended in Dec. 2023 was C$2,380 Mil. Therefore, TMX Group's EV-to-EBITDA ratio for today is 4.50.
EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, TMX Group's Enterprise Value is C$10,700 Mil.
TMX Group's Revenue for the trailing twelve months (TTM) ended in Dec. 2023 was C$1,194 Mil. Therefore, TMX Group's EV-to-Revenue ratio for today is 8.96.
TMX Group Enterprise Value Historical Data
The historical data trend for TMX Group'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 TMX Group's Enterprise Value
For the Financial Data & Stock Exchanges subindustry, TMX Group'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.
TMX Group's Enterprise Value Distribution in the Capital Markets Industry
For the Capital Markets industry and Financial Services sector, TMX Group's Enterprise Value distribution charts can be found below:
* The bar in red indicates where TMX Group's Enterprise Value falls into.
TMX Group 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.
TMX Group's Enterprise Value for the fiscal year that ended in Dec. 2023 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.
TMX Group (TSX:X) 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.
TMX Group's current Enterprise Value is C$10,700 Mil.
TMX Group's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was C$2,267 Mil.
2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.
TMX Group's current Enterprise Value is C$10,700 Mil.
TMX Group's EBITDA for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was C$2,380 Mil.
TMX Group's current Enterprise Value is C$10,700 Mil.
TMX Group's Revenue for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was C$1,194 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.
TMX Group Enterprise Value Related Terms
Thank you for viewing the detailed overview of TMX Group's Enterprise Value provided by GuruFocus.com. Please click on the following links to see related term pages.
TMX Group Ltd is a company that operates several global markets to provide investment opportunities for its clients. TMX Group's key operations include Toronto Stock Exchange, TSX Venture Exchange, TSX Alpha Exchange, The Canadian Depository for Securities, Montreal Exchange, Canadian Derivatives Clearing Corporation, and Trayport, which provides listing markets, trading markets, clearing facilities, depository services, technology solutions, data products, and other services to the global financial community. TMX Group operates offices across North America (Montreal, Calgary, Vancouver, and New York), as well as in key international markets including London and Singapore.
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