PENN Entertainment (NAS:PENN) Enterprise Value

: $15,714 Mil (As of Today)

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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, PENN Entertainment's Enterprise Value is $15,714 Mil. PENN Entertainment's EBIT for the trailing twelve months (TTM) ended in Dec. 2022 was $934 Mil. Therefore, PENN Entertainment's EV-to-EBIT ratio for today is 16.83.

EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, PENN Entertainment's Enterprise Value is $15,714 Mil. PENN Entertainment's EBITDA for the trailing twelve months (TTM) ended in Dec. 2022 was $1,501 Mil. Therefore, PENN Entertainment's EV-to-EBITDA ratio for today is 10.47.

EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, PENN Entertainment's Enterprise Value is $15,714 Mil. PENN Entertainment's Revenue for the trailing twelve months (TTM) ended in Dec. 2022 was $6,402 Mil. Therefore, PENN Entertainment's EV-to-Revenue ratio for today is 2.45.

PENN Entertainment Enterprise Value Historical Data

The historical data trend for PENN Entertainment'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.

PENN Entertainment Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Enterprise Value

11,278.24

13,854.09

22,774.30

18,591.95

15,862.86

PENN Entertainment Quarterly Data
	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22
Enterprise Value																18,591.95	18,282.34	16,201.27	15,500.16	15,862.86

Competitive Comparison

For the Resorts & Casinos subindustry, PENN Entertainment'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.

Annual Data Quarterly Data

PENN Entertainment Enterprise Value Distribution

For the Travel & Leisure industry and Consumer Cyclical sector, PENN Entertainment's Enterprise Value distribution charts can be found below:

* The bar in red indicates where PENN Entertainment's Enterprise Value falls in comparison to its industry or sector. The grey bar indicates the Enterprise Value's extreme value range as defined by GuruFocus.

PENN Entertainment 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.

PENN Entertainment's Enterprise Value for the fiscal year that ended in Dec. 2022 is calculated as

	Enterprise Value (A: Dec. 2022 )
=	Market Cap	+	Preferred Stock	+	Long-Term Debt & Capital Lease Obligation
=	4559.6628	+	19.4	+	12595
+	Short-Term Debt & Capital Lease Obligation	+	Minority Interest	-	Cash, Cash Equivalents, Marketable Securities
+	313.9	+	-1.1	-	1624
=	15,863

PENN Entertainment's Enterprise Value for the quarter that ended in Dec. 2022 is calculated as

	Enterprise Value (Q: Dec. 2022 )
=	Market Cap	+	Preferred Stock	+	Long-Term Debt & Capital Lease Obligation
=	4559.6628	+	19.4	+	12595
+	Short-Term Debt & Capital Lease Obligation	+	Minority Interest	-	Cash, Cash Equivalents, Marketable Securities
+	313.9	+	-1.1	-	1624
=	15,863

PENN Entertainment (NAS:PENN) 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.

PENN Entertainment's EV-to-EBIT for today is

EV-to-EBIT	=	Enterprise Value (Today)	/	EBIT (TTM)
	=	15714.411	/	933.5
	=	16.83

PENN Entertainment's current Enterprise Value is $15,714 Mil.
PENN Entertainment's EBIT for the trailing twelve months (TTM) ended in Dec. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $934 Mil.

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

PENN Entertainment's EV-to-EBITDA for today is:

EV-to-EBITDA	=	Enterprise Value (Today)	/	EBITDA(TTM)
	=	15714.411	/	1501
	=	10.47

PENN Entertainment's current Enterprise Value is $15,714 Mil.
PENN Entertainment's EBITDA for the trailing twelve months (TTM) ended in Dec. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $1,501 Mil.

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

PENN Entertainment's EV-to-Revenue for today is:

EV-to-Revenue	=	Enterprise Value (Today)	/	Revenue (TTM)
	=	15714.411	/	6401.7
	=	2.45

PENN Entertainment's current Enterprise Value is $15,714 Mil.
PENN Entertainment's Revenue for the trailing twelve months (TTM) ended in Dec. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $6,402 Mil.

PENN Entertainment Enterprise Value Related Terms

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PENN Entertainment (NAS:PENN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » PENN Entertainment Inc (NAS:PENN) » Definitions » Enterprise Value

Comparable Companies

Traded in Other Exchanges

PENN:Mexico PN1:Germany P2EN34:Brazil

Address

825 Berkshire Boulevard, Suite 200, Wyomissing, PA, USA, 19610

Website

http://www.pngaming.com

PENN Entertainment Inc provides integrated entertainment, sports content, and casino gaming experiences. It is the operator of gaming and racing properties and video gaming terminal operations in the U.S. It operates retail sports betting across the company's portfolio, as well as online sports betting, online social casino, bingo, and online casinos.

Executives

Gupta Vimla Black	director	825 BERKSHIRE BLVD., WYOMISSING PA 19610
Felicia Hendrix	officer: EVP and CFO	825 BERKSHIRE BLVD., WYOMISSING PA 19610
Todd George	officer: EVP, Operations	825 BERKSHIRE BLVD., WYOMISSING PA 19610
Marla Kaplowitz	director	825 BERKSHIRE BLVD., WYOMISSING PA 19610
Christine Labombard	officer: SVP and CAO	825 BERKSHIRE BOULEVARD, WYOMISSING PA 19610
Ronald J Naples	director	96 S. GEORGE STREET, SUITE 500, YORK PA 17401
Jane Scaccetti	director	3111 W ALLEGHENY AVE, PHILADELPHIA PA 19132
Christopher Byron Rogers	officer: EVP and Chief Strategy Officer	825 BERKSHIRE BLVD., WYOMISSING PA 19610
Harper H. Ko	officer: EVP, CLO and Sec.	7250 S. TENAYA WAY, SUITE 100, LAS VEGAS NV 89113
David Edward Williams	officer: EVP and CFO	825 BERKSHIRE BOULEVARD, WYOMISSING PA 19610
Saul Reibstein	officer: EVP-Finance, CFO & Treasurer	C/O VISHAY PRECISION GROUP, INC., 3 GREAT VALLEY PARKWAY, SUITE 150, MALVERN PA 19355
Carl Sottosanti	officer: SVP,Gen Counsel & Secretary	825 BERKSHIRE BOULEVARD, SUITE 200, WYOMISSING PA 19610
Jay A Snowden	officer: EVP-Chief Operating Officer	825 BERKSHIRE BOULEVARD, SUITE 200, WYOMISSING PA 19610
William J Fair	officer: EVP - Chief Dev Officer	825 BERKSHIRE BOULEVARD, SUITE 200, WYOMISSING PA 19610
Desiree A. Burke	officer: V. P. and Chief Accounting Off	845 BERKSHIRE BOULEVARD, SUITE 200, WYOMISSING PA 19610