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, Virtus Dividend, Interest & Premium Strategy Fund's Enterprise Value is $1,093.5 Mil.
Virtus Dividend, Interest & Premium Strategy Fund's Revenue for the trailing twelve months (TTM) ended in Jan. 2022 was $193.1 Mil. Therefore, Virtus Dividend, Interest & Premium Strategy Fund's EV-to-Revenue ratio for today is 5.66.
Virtus Dividend, Interest & Premium Strategy Fund Enterprise Value Historical Data
The historical data trend for Virtus Dividend, Interest & Premium Strategy 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.
* Premium members only.
Virtus Dividend, Interest & Premium Strategy Fund Annual Data
Trend
Jan18
Jan19
Jan20
Jan21
Jan22
Enterprise Value
1,281.71
1,128.14
1,240.81
1,258.06
1,395.93
Virtus Dividend, Interest & Premium Strategy Fund Semi-Annual Data
Jul17
Jan18
Jul18
Jan19
Jul19
Jan20
Jul20
Jan21
Jul21
Jan22
Enterprise Value
1,240.81
1,139.31
1,258.06
1,441.42
1,395.93
Competitive Comparison
For the Asset Management subindustry, Virtus Dividend, Interest & Premium Strategy 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.
Virtus Dividend, Interest & Premium Strategy Fund Enterprise Value Distribution
For the Asset Management industry and Financial Services sector, Virtus Dividend, Interest & Premium Strategy Fund's Enterprise Value distribution charts can be found below:
* The bar in red indicates where Virtus Dividend, Interest & Premium Strategy Fund's Enterprise Value falls into.
Virtus Dividend, Interest & Premium Strategy 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.
Virtus Dividend, Interest & Premium Strategy Fund's Enterprise Value for the fiscal year that ended in Jan. 2022 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.
Virtus Dividend, Interest & Premium Strategy Fund (NYSE:NFJ) 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.
Virtus Dividend, Interest & Premium Strategy Fund's current Enterprise Value is $1,093.5 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. Virtus Dividend, Interest & Premium Strategy Fund's Revenue for the trailing twelve months (TTM) ended in Jan. 2022 was $193.1 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.
Virtus Dividend, Interest & Premium Strategy Fund Enterprise Value Related Terms
Thank you for viewing the detailed overview of Virtus Dividend, Interest & Premium Strategy Fund's Enterprise Value provided by GuruFocus.com. Please click on the following links to see related term pages.
Virtus Dividend, Interest & Premium Strategy Fund Business Description
Virtus Dividend, Interest & Premium Strategy Fund is a Massachusetts-based business trust. Its primary investment objective is to seek current income and gains, with a secondary objective of long-term capital appreciation. The fund pursues its investment objectives by investing in a diversified portfolio of dividend-paying common stocks and income-producing convertible securities.
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