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iShares 1-3 Year Treasury Bond ETF  (NAS:SHY) Enterprise Value: $-17.17 Mil (As of Today)

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 and cash equivalents.

EV-to-EBIT is calculated as enterprise value divided by its EBIT. As of today, iShares 1-3 Year Treasury Bond ETF's enterprise value is $-17.17 Mil. iShares 1-3 Year Treasury Bond ETF does not have enough years/quarters to calculate its EBIT for the trailing twelve months (TTM) ended in . 20. Therefore, GuruFocus does not calculate iShares 1-3 Year Treasury Bond ETF's EV-to-EBIT at this moment.

EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, iShares 1-3 Year Treasury Bond ETF's enterprise value is $-17.17 Mil. iShares 1-3 Year Treasury Bond ETF does not have enough years/quarters to calculate its EBITDA for the trailing twelve months (TTM) ended in . 20. Therefore, GuruFocus does not calculate iShares 1-3 Year Treasury Bond ETF's EV-to-EBITDA at this moment.

EV-to-Revenue is calculated as enterprise value divided by its Revenue. As of today, iShares 1-3 Year Treasury Bond ETF's enterprise value is $-17.17 Mil. iShares 1-3 Year Treasury Bond ETF does not have enough years/quarters to calculate its Revenue for the trailing twelve months (TTM) ended in . 20. Therefore, GuruFocus does not calculate iShares 1-3 Year Treasury Bond ETF's EV-to-Revenue at this moment.


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

iShares 1-3 Year Treasury Bond ETF Annual Data

Enterprise Value

iShares 1-3 Year Treasury Bond ETF Semi-Annual Data

Enterprise Value

Competitive Comparison
* 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.


Calculation

Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash and cash equivalents.

iShares 1-3 Year Treasury Bond ETF's Enterprise Value for the fiscal year that ended in . 20 is calculated as

iShares 1-3 Year Treasury Bond ETF's Enterprise Value for the quarter that ended in . 20 is calculated as

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


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 (M) 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 (M), 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 (M). In this case the investor is basically getting the company for free and get paid for that.


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