Japan Smaller Capitalization Fund (Japan Smaller Capitalization Fund) Enterprise Value : $214.99 Mil (As of Apr. 29, 2024)

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What is Japan Smaller Capitalization Fund Enterprise Value?

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. This ratio does not apply to banks.

EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. This ratio does not apply to banks.

EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, Japan Smaller Capitalization Fund's Enterprise Value is $214.99 Mil. Japan Smaller Capitalization Fund's Revenue for the trailing twelve months (TTM) ended in Aug. 2023 was $42.88 Mil. Therefore, Japan Smaller Capitalization Fund's EV-to-Revenue ratio for today is 5.01.

Japan Smaller Capitalization Fund Enterprise Value Historical Data

The historical data trend for Japan Smaller Capitalization Fund'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.

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Japan Smaller Capitalization Fund Enterprise Value Chart

Japan Smaller Capitalization Fund Annual Data

Trend

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Enterprise Value

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251.65

226.35

253.04

214.88

190.45

Japan Smaller Capitalization Fund Semi-Annual Data
	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23
Enterprise Value	Get a 7-Day Free Trial								258.38	214.88	178.22	190.45	207.06

Competitive Comparison of Japan Smaller Capitalization Fund's Enterprise Value

For the Asset Management subindustry, Japan Smaller Capitalization Fund'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.

Japan Smaller Capitalization Fund's Enterprise Value Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Japan Smaller Capitalization Fund's Enterprise Value distribution charts can be found below:

* The bar in red indicates where Japan Smaller Capitalization Fund's Enterprise Value falls into.

Japan Smaller Capitalization Fund 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.

Japan Smaller Capitalization Fund's Enterprise Value for the fiscal year that ended in Feb. 2023 is calculated as

	Enterprise Value (A: Feb. 2023 )
=	Market Cap	+	Preferred Stock	+	Long-Term Debt & Capital Lease Obligation
=	191.820503	+	0	+	0
+	Short-Term Debt & Capital Lease Obligation	+	Minority Interest	-	Balance Sheet Cash And Cash Equivalents
+	0	+	0	-	1.366
=	190.45

Japan Smaller Capitalization Fund's Enterprise Value for the quarter that ended in Aug. 2023 is calculated as

	Enterprise Value (Q: Aug. 2023 )
=	Market Cap	+	Preferred Stock	+	Long-Term Debt & Capital Lease Obligation
=	209.387521	+	0	+	0
+	Short-Term Debt & Capital Lease Obligation	+	Minority Interest	-	Balance Sheet Cash And Cash Equivalents
+	0	+	0	-	2.326
=	207.06

Japan Smaller Capitalization Fund (NYSE:JOF) 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-Revenue is calculated as Enterprise Value divided by its Revenue.

Japan Smaller Capitalization Fund's EV-to-Revenue for today is:

EV-to-Revenue	=	Enterprise Value (Today)	/	Revenue (TTM)
	=	214.993	/	42.882
	=	5.01

Japan Smaller Capitalization Fund's current Enterprise Value is $214.99 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. Japan Smaller Capitalization Fund's Revenue for the trailing twelve months (TTM) ended in Aug. 2023 was $42.88 Mil.

Japan Smaller Capitalization Fund Enterprise Value Related Terms

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Japan Smaller Capitalization Fund (Japan Smaller Capitalization Fund) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Japan Smaller Capitalization Fund Inc (NYSE:JOF) » Definitions » Enterprise Value

Comparable Companies

Traded in Other Exchanges

N/A

Address

309 West 49th Street, Worldwide Plaza, New York, NY, USA, 10019

Website

https://funds.nomura-asset.com

Japan Smaller Capitalization Fund Inc is a United States-based non-diversified, closed-end management investment company. Its investment objective is to seek long-term capital appreciation through investments in smaller capitalization Japanese equity securities. Its portfolio of investments consists of different sectors such as banks, chemicals, construction, electric appliances, financing business, food, Information and Communication, Utilities, Real Estate, and others.

Executives

She Yi	officer: Assistant Treasurer	WORLDWIDE PLAZA, 309 WEST 49TH STREET, NEW YORK NY 10019
Rodney A Buck	director	WORLDWIDE PLAZA, 309 WEST 49TH STREET, NEW YORK NY 10019
Atsushi Katayama	other: Lead Portfolio Manager	WORLDWIDE PLAZA, 309 WEST 49TH STREET, NEW YORK NY 10019
Shinichi Masuda	officer: Vice President	WORLDWIDE PLAZA, 309 WEST 49TH STREET, NEW YORK NY 10019
Melanie Dana Malc	officer: Assistant Treasurer	WORLDWIDE PLAZA, 309 WEST 49TH STREET, NEW YORK NY 10019
Paige Ouimet	director	WORLDWIDE PLAZA, 309 WEST 49TH STREET, NEW YORK NY 10019
Michael Morronngiello	officer: Vice President	WORLDWIDE PLAZA, 309 WEST 49TH STREET, NEW YORK NY 10019
Hiroyasu Koike	other: CEO to the Adviser of JOF	WORLDWIDE PLAZA, 309 WEST 49TH STREET, NEW YORK NY 10019
Junko Nakagawa	other: CEO to the Adviser of JOF	WORLDWIDE PLAZA, 309 WEST 49TH STREET, NEW YORK NY 10019-7316
Yuichi Nomoto	director, officer: President	WORLDWIDE PLAZA, 309 WEST 49TH STREET, NEW YORK NY 10019-7316
Zheng Liu	officer: Vice President	WORLDWIDE PLAZA, 309 WEST 49TH STREET, NEW YORK NY 10019-7316
Takeshi Toyoshima	officer: Vice President	NOMURA ASSET MANAGEMENT USA INC., 309 WEST 49TH STREET, NEW YORK NY 10019
Lee Kelly So Young	officer: Assistant Treasurer	NOMURA ASSET MANAGEMENT USA INC., 309 WEST 49TH STREET, NEW YORK NY 10019
Marcia L Macharg	director	309 WEST 49TH STREET, NEW YORK NY 10019
Kunio Watanabe	other: CEO of Adviser of JOF	C/O NOMURA ASSET MANAGEMENT USA INC., 309 WEST 49TH STREET, NEW YORK NY 10019