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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. 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, Royce Micro-Cap Trust's Enterprise Value is $471.75 Mil. Royce Micro-Cap Trust's Revenue for the trailing twelve months (TTM) ended in Dec. 2023 was $73.91 Mil. Therefore, Royce Micro-Cap Trust's EV-to-Revenue ratio for today is 6.38.
The historical data trend for Royce Micro-Cap Trust'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.
For the Asset Management subindustry, Royce Micro-Cap Trust'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.
For the Asset Management industry and Financial Services sector, Royce Micro-Cap Trust's Enterprise Value distribution charts can be found below:
* The bar in red indicates where Royce Micro-Cap Trust's Enterprise Value falls into.
Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.
Royce Micro-Cap Trust's Enterprise Value for the fiscal year that ended in Dec. 2023 is calculated as
Enterprise Value (A: Dec. 2023 ) | |||||
= | Market Cap | + | Preferred Stock | + | Long-Term Debt & Capital Lease Obligation |
= | 459.401712 | + | 0 | + | 2 |
+ | Short-Term Debt & Capital Lease Obligation | + | Minority Interest | - | Balance Sheet Cash And Cash Equivalents |
+ | 0 | + | 0 | - | 0.095 |
= | 461.31 |
Royce Micro-Cap Trust's Enterprise Value for the quarter that ended in Dec. 2023 is calculated as
Enterprise Value (Q: Dec. 2023 ) | |||||
= | Market Cap | + | Preferred Stock | + | Long-Term Debt & Capital Lease Obligation |
= | 459.401712 | + | 0 | + | 2 |
+ | Short-Term Debt & Capital Lease Obligation | + | Minority Interest | - | Balance Sheet Cash And Cash Equivalents |
+ | 0 | + | 0 | - | 0.095 |
= | 461.31 |
* 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.
Royce Micro-Cap Trust (NYSE:RMT) 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.
Royce Micro-Cap Trust's EV-to-Revenue for today is:
EV-to-Revenue | = | Enterprise Value (Today) | / | Revenue (TTM) |
= | 471.749 | / | 73.909 | |
= | 6.38 |
Royce Micro-Cap Trust's current Enterprise Value is $471.75 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. Royce Micro-Cap Trust's Revenue for the trailing twelve months (TTM) ended in Dec. 2023 was $73.91 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.
Thank you for viewing the detailed overview of Royce Micro-Cap Trust's Enterprise Value provided by GuruFocus.com. Please click on the following links to see related term pages.
Julia Ward Poston | director | C/O ROYCE & ASSOCIATES, 745 FIFTH AVENUE, SUITE 2300, NEW YORK NY 10151 |
Christopher C. Grisanti | director | 745 FIFTH AVENUE, SUITE 2300, NEW YORK NY 10151 |
O Byrne Daniel A | officer: Vice President, other: VP - Investment Advisor | ROYCE & ASSOCIATES, 745 FIFTH AVENUE, NEW YORK NY 10151 |
G Peter Obrien | director | C/O ROYCE & ASSOCIATES, LLC, 745 FIFTH AVENUE, NEW YORK NY 10151 |
Michael K. Shields | director | C/O ROYCE & ASSOCIATES, LLC, 745 FIFTH AVENUE, SUITE 2300, NEW YORK NY 10151 |
Christopher D Clark | officer: Vice President, other: President - Investment Advisor | 745 FIFTH AVENUE, SUITE 2400, NEW YORK NY 10151 |
Cecile Burleigh Harper | director | C/O ROYCE & ASSOCIATES, 745 FIFTH AVENUE, SUITE 2300, NEW YORK NY 10151 |
Charles M Royce | director, officer: President, other: President-Investment Adviser | C/O ROYCE & ASSOCIATES, LLC, 745 FIFTH AVENUE, NEW YORK NY 10151 |
John E Denneen | officer: Secretary, other: Secretary-Investment Adviser | C/O ROYCE & ASSOCIATES LLC, 745 FIFTH AVENUE, NEW YORK NY 10151 |
Richard M Galkin | director, other: Director through 2/26/2016. | C/O ROYCE & ASSOCIATES, LLC, 745 FIFTH AVENUE, NEW YORK NY 10151 |
Arthur S Mehlman | director | C/O ROYCE & ASSOCIATES, 745 FIFTH AVENUE, NEW YORK NY 10151 |
John D Diederich | officer: Vice President & Treasurer, other: COO & CFO - Investment Adviser | ROYCE & ASSOCIATES LLC, 745 FIFTH AVENUE, NEW YORK NY 10151 |
Peter K Hoglund | officer: Treasuer, other: CFO Investment Advisor | 745 FIFTH AVENUE, SUITE 2300, NEW YORK NY 10151 |
W Whitney George | director, officer: Vice President, other: VP-Royce, through 11/10/2014 | C/O ROYCE & ASSOCIATES, LLC, 745 FIFTH AVENUE, NEW YORK NY 10151 |
Fockler Jack E. Jr. | officer: Vice President, other: VP - Investment Advisor | C/O ROYCE & ASSOCIATES, LLC, 745 FIFTH AVENUE, NEW YORK NY 10151 |
From GuruFocus
By PRNewswire 03-01-2023
By PRNewswire 07-01-2022
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