GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Electro Rent Corp (NAS:ELRC) » Definitions » Enterprise Value

Electro Rent (Electro Rent) Enterprise Value

: $375.0 Mil (As of Today)
View and export this data going back to 1990. Start your Free Trial

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, Electro Rent's Enterprise Value is $375.0 Mil. Electro Rent's EBIT for the trailing twelve months (TTM) ended in Feb. 2016 was $14.9 Mil. Therefore, Electro Rent's EV-to-EBIT ratio for today is 25.11.

EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, Electro Rent's Enterprise Value is $375.0 Mil. Electro Rent's EBITDA for the trailing twelve months (TTM) ended in Feb. 2016 was $72.9 Mil. Therefore, Electro Rent's EV-to-EBITDA ratio for today is 5.15.

EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, Electro Rent's Enterprise Value is $375.0 Mil. Electro Rent's Revenue for the trailing twelve months (TTM) ended in Feb. 2016 was $196.6 Mil. Therefore, Electro Rent's EV-to-Revenue ratio for today is 1.91.


Electro Rent Enterprise Value Historical Data

The historical data trend for Electro Rent'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.

* Premium members only.

Electro Rent Annual Data
Trend 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 326.42 322.70 407.76 381.78 245.91

Electro Rent 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 303.30 245.91 248.44 243.13 211.14

Competitive Comparison

For the Rental & Leasing Services subindustry, Electro Rent'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.


Electro Rent Enterprise Value Distribution

For the Business Services industry and Industrials sector, Electro Rent's Enterprise Value distribution charts can be found below:

* The bar in red indicates where Electro Rent's Enterprise Value falls into.



Electro Rent 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.

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

Electro Rent's Enterprise Value for the quarter that ended in Feb. 2016 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.


Electro Rent  (NAS:ELRC) 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.

Electro Rent's EV-to-EBIT for today is

EV-to-EBIT=Enterprise Value (Today)/EBIT (TTM)
=375.030/14.933
=25.11

Electro Rent's current Enterprise Value is $375.0 Mil.
Electro Rent's EBIT for the trailing twelve months (TTM) ended in Feb. 2016 adds up the quarterly data reported by the company within the most recent 12 months, which was $14.9 Mil.

2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.

Electro Rent's EV-to-EBITDA for today is:

EV-to-EBITDA=Enterprise Value (Today)/EBITDA(TTM)
=375.030/72.878
=5.15

Electro Rent's current Enterprise Value is $375.0 Mil.
Electro Rent's EBITDA for the trailing twelve months (TTM) ended in Feb. 2016 adds up the quarterly data reported by the company within the most recent 12 months, which was $72.9 Mil.

3. EV-to-Revenue is calculated as Enterprise Value divided by its Revenue.

Electro Rent's EV-to-Revenue for today is:

EV-to-Revenue=Enterprise Value (Today)/Revenue (TTM)
=375.030/196.564
=1.91

Electro Rent's current Enterprise Value is $375.0 Mil.
Electro Rent's Revenue for the trailing twelve months (TTM) ended in Feb. 2016 adds up the quarterly data reported by the company within the most recent 12 months, which was $196.6 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.


Electro Rent Enterprise Value Related Terms

Thank you for viewing the detailed overview of Electro Rent's Enterprise Value provided by GuruFocus.com. Please click on the following links to see related term pages.


Electro Rent (Electro Rent) Business Description

Traded in Other Exchanges
N/A
Address
Electro Rent Corp was incorporated in California in 1965 and became a publicly held corporation in 1980. The Company rental, lease and sells of new and used electronic test and measurement equipment. The Company purchases that equipment from manufacturers such as Agilent and Tektronix primarily for use by its customers in the aerospace, telecommunications, defense, electronics, industrial and semiconductor industries. The Company data products division provides personal computers and servers from manufacturers including Dell, HP/Compaq, IBM, Toshiba and Apple. It has also expanded its rental, lease and sale of electrical test and inspection equipment used in the industrial industry, which includes electrical contractors and utility companies and their related support services providers. The Company's competitors in the North American T&M rental area include McGrath Rent Corp., Continental Resources, Test Equity and Microlease PLC. It competes for rental business with Microlease plc and Livingston Group Ltd. in Europe and Orix Corporation in Asia.
Executives
James S Pignatelli director 2300 E SLINGSHOT WAY, KAMAS UT 84036
Theodore E Guth director 6060 SEPULVEDA BOULEVARD, VAN NUYS CA 91411
Joseph J Kearns director C/O ELECTRO RENT CORP, 6060 SEPULVEDA BLVD, VAN NUYS CA 91411
Platinum Equity Llc 10 percent owner 360 NORTH CRESCENT DRIVE, BEVERLY HILLS CA 90210
Tom Gores 10 percent owner C/O PLATINUM EQUITY, 360 NORTH CRESCENT DRIVE, SOUTH BUILDING, BEVERLY HILLS CA 90210
Platinum Equity Investment Holdings Iii, Llc 10 percent owner C/O PLATINUM EQUITY ADVISORS, LLC, 360 NORTH CRESCENT DRIVE, SOUTH BUILDING, BEVERLY HILLS CA 90210
Platinum Equity Partners Iii, Llc 10 percent owner C/O PLATINUM EQUITY ADVISORS, LLC, 360 NORTH CRESCENT DRIVE, SOUTH BUILDING, BEVERLY HILLS CA 90210
S Lee Kling director 1401 S BRENTWOOD BLVD, ST LOUIS MO 63144

Electro Rent (Electro Rent) Headlines

From GuruFocus

John Rogers Increases Stake in Toy-Maker Mattel

By Samira Meskini Samira Meskini 01-04-2016

Small Cap Dividend Stocks (Predictability > 3.5)

By onlylf2 onlylf2 10-15-2014

8 Stocks Providing Positive Feedback with Higher Dividends

By Dividends4Life Dividends4Life 06-06-2011