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Electro Rent Corp  (NAS:ELRC) Enterprise Value: $0.0 Mil (As of Today)

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 and cash equivalents.

EV-to-EBIT is calculated as enterprise value divided by its EBIT. As of today, Electro Rent Corp's enterprise value is $0.0 Mil. Electro Rent Corp's EBIT for the trailing twelve months (TTM) ended in Feb. 2016 was $14.9 Mil. Therefore, Electro Rent Corp's EV/EBIT ratio for today is 0.00.

EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, Electro Rent Corp's enterprise value is $0.0 Mil. Electro Rent Corp's EBITDA for the trailing twelve months (TTM) ended in Feb. 2016 was $72.9 Mil. Therefore, Electro Rent Corp's EV/EBITDA ratio for today is 0.00.

EV-to-Revenue is calculated as enterprise value divided by its Revenue. As of today, Electro Rent Corp's enterprise value is $0.0 Mil. Electro Rent Corp's Revenue for the trailing twelve months (TTM) ended in Feb. 2016 was $196.6 Mil. Therefore, Electro Rent Corp's EV/Revenue ratio for today is 0.00.


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

Electro Rent Corp Annual Data

May06 May07 May08 May09 May10 May11 May12 May13 May14 May15
Enterprise Value Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 326.41 322.73 407.84 381.82 245.93

Electro Rent Corp Quarterly Data

May11 Aug11 Nov11 Feb12 May12 Aug12 Nov12 Feb13 May13 Aug13 Nov13 Feb14 May14 Aug14 Nov14 Feb15 May15 Aug15 Nov15 Feb16
Enterprise Value Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 303.24 245.93 248.26 243.15 211.18

Competitive Comparison
* 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.


Calculation

Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash and cash equivalents.

Electro Rent Corp's Enterprise Value for the fiscal year that ended in May. 2015 is calculated as

Enterprise Value (A: May. 2015 )
=Market Cap (M)+Preferred Stock+Long-Term Debt & Capital Lease Obligation
=247.6097+0+0
+Current Portion of Long-Term Debt+Minority Interest-Cash And Cash Equivalents
+2.387+0-4.064
=245.9

Electro Rent Corp's Enterprise Value for the quarter that ended in Feb. 2016 is calculated as

Enterprise Value (Q: Feb. 2016 )
=Market Cap (M)+Preferred Stock+Long-Term Debt & Capital Lease Obligation
=229.416+0+0
+Current Portion of Long-Term Debt+Minority Interest-Cash And Cash Equivalents
+0+0-18.234
=211.2

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


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 (M) 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 (M), 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 (M). 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.

Electro Rent Corp's EV/EBIT for today is

EV-to-EBIT=Enterprise Value (Today)/EBIT (TTM)
=0.000/14.933
=0.00

Electro Rent Corp's current Enterprise Value is $0.0 Mil.
Electro Rent Corp's EBIT for the trailing twelve months (TTM) ended in Feb. 2016 was 5.578 (May. 2015 ) + 4.193 (Aug. 2015 ) + 3.45 (Nov. 2015 ) + 1.712 (Feb. 2016 ) = $14.9 Mil.

2. EV-to-EBITDA is calculated as enterprise value divided by its EBITDA.

Electro Rent Corp's EV/EBITDA for today is:

EV-to-EBITDA=Enterprise Value (Today)/EBITDA(TTM)
=0.000/72.878
=0.00

Electro Rent Corp's current Enterprise Value is $0.0 Mil.
Electro Rent Corp's EBITDA for the trailing twelve months (TTM) ended in Feb. 2016 was 19.907 (May. 2015 ) + 19.112 (Aug. 2015 ) + 18.098 (Nov. 2015 ) + 15.761 (Feb. 2016 ) = $72.9 Mil.

3. EV-to-Revenue is calculated as enterprise value divided by its Revenue.

Electro Rent Corp's EV/Revenue for today is:

EV-to-Revenue=Enterprise Value (Today)/Revenue (TTM)
=0.000/196.564
=0.00

Electro Rent Corp's current Enterprise Value is $0.0 Mil.
Electro Rent Corp's EBITDA for the trailing twelve months (TTM) ended in Feb. 2016 was 60.413 (May. 2015 ) + 53.343 (Aug. 2015 ) + 43.31 (Nov. 2015 ) + 39.498 (Feb. 2016 ) = $196.6 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


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