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, Flaherty & Crumrine Preferred andome Securities Fundorporated's Enterprise Value is $1,175.04 Mil.
Flaherty & Crumrine Preferred andome Securities Fundorporated's Revenue for the trailing twelve months (TTM) ended in Nov. 2023 was $8.47 Mil. Therefore, Flaherty & Crumrine Preferred andome Securities Fundorporated's EV-to-Revenue ratio for today is 138.73.
Flaherty & Crumrine Preferred andome Securities Fundorporated Enterprise Value Historical Data
The historical data trend for Flaherty & Crumrine Preferred andome Securities Fundorporated'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.
Flaherty & Crumrine Preferred andome Securities Fundorporated Annual Data
Trend
Nov17
Nov18
Nov19
Nov20
Nov21
Nov22
Nov23
Enterprise Value
1,412.58
1,464.36
1,516.05
1,254.68
1,168.78
Flaherty & Crumrine Preferred andome Securities Fundorporated Semi-Annual Data
Nov17
May18
Nov18
May19
Nov19
May20
Nov20
May21
Nov21
May22
Nov22
May23
Nov23
Enterprise Value
1,516.05
1,372.07
1,254.68
1,155.29
1,168.78
Competitive Comparison
For the Asset Management subindustry, Flaherty & Crumrine Preferred andome Securities Fundorporated'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.
Flaherty & Crumrine Preferred andome Securities Fundorporated Enterprise Value Distribution
For the Asset Management industry and Financial Services sector, Flaherty & Crumrine Preferred andome Securities Fundorporated's Enterprise Value distribution charts can be found below:
* The bar in red indicates where Flaherty & Crumrine Preferred andome Securities Fundorporated's Enterprise Value falls into.
Flaherty & Crumrine Preferred andome Securities Fundorporated 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.
Flaherty & Crumrine Preferred andome Securities Fundorporated's Enterprise Value for the fiscal year that ended in Nov. 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.
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.
Flaherty & Crumrine Preferred andome Securities Fundorporated's current Enterprise Value is $1,175.04 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. Flaherty & Crumrine Preferred andome Securities Fundorporated's Revenue for the trailing twelve months (TTM) ended in Nov. 2023 was $8.47 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.
Flaherty & Crumrine Preferred andome Securities Fundorporated Enterprise Value Related Terms
Thank you for viewing the detailed overview of Flaherty & Crumrine Preferred andome Securities Fundorporated's Enterprise Value provided by GuruFocus.com. Please click on the following links to see related term pages.
Flaherty & Crumrine Preferred andome Securities Fundorporated Business Description
Flaherty & Crumrine Preferred and Income Securities Fund Incorporated is a diversified, closed-end management investment company. The fund's investment objective is to provide its common shareholders with high current income consistent with the preservation of capital. It invests primarily in a diversified portfolio of preferred securities.
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