OceanTech Acquisitions I (OceanTech Acquisitions I) EV-to-EBIT : -28.24 (As of Apr. 28, 2024)

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What is OceanTech Acquisitions I EV-to-EBIT?

EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, OceanTech Acquisitions I's Enterprise Value is $42.65 Mil. OceanTech Acquisitions I's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was $-1.51 Mil. Therefore, OceanTech Acquisitions I's EV-to-EBIT for today is -28.24.

The historical rank and industry rank for OceanTech Acquisitions I's EV-to-EBIT or its related term are showing as below:

OTAC' s EV-to-EBIT Range Over the Past 10 Years
Min: -128.35 Med: 0 Max: 0
Current: -28.24

OTAC's EV-to-EBIT is not ranked
in the Diversified Financial Services industry.
Industry Median: 9.67 vs OTAC: -28.24

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %. OceanTech Acquisitions I's Enterprise Value for the quarter that ended in Dec. 2023 was $41.25 Mil. OceanTech Acquisitions I's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was $-1.51 Mil. OceanTech Acquisitions I's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -3.66%.

OceanTech Acquisitions I EV-to-EBIT Historical Data

The historical data trend for OceanTech Acquisitions I's EV-to-EBIT 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.

OceanTech Acquisitions I EV-to-EBIT Chart

OceanTech Acquisitions I Annual Data

Trend

Dec21

Dec22

Dec23

EV-to-EBIT

24.46

-19.66

OceanTech Acquisitions I Quarterly Data
	Feb21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
EV-to-EBIT	Get a 7-Day Free Trial							24.46	-16.70	-195.98	-74.20	-19.66

Competitive Comparison of OceanTech Acquisitions I's EV-to-EBIT

For the Shell Companies subindustry, OceanTech Acquisitions I's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT 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.

OceanTech Acquisitions I's EV-to-EBIT Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, OceanTech Acquisitions I's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where OceanTech Acquisitions I's EV-to-EBIT falls into.

OceanTech Acquisitions I EV-to-EBIT Calculation

OceanTech Acquisitions I's EV-to-EBIT for today is calculated as:

EV-to-EBIT	=	Enterprise Value (Today)	/	EBIT (TTM)
	=	42.646	/	-1.51
	=	-28.24

OceanTech Acquisitions I's current Enterprise Value is $42.65 Mil.
OceanTech Acquisitions I's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-1.51 Mil.

OceanTech Acquisitions I (OTCPK:OTAC) EV-to-EBIT Explanation

This is a more accurate valuation of companies' operation because it considers the debt and cash on its balance sheet, and non-operating items such as interest payment, tax, and one-time items are not included in the Operating Income.

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %.

OceanTech Acquisitions I's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

Earnings Yield (Joel Greenblatt) % (Q: Dec. 2023 )	=	EBIT	/	Enterprise Value (Q: Dec. 2023 )
	=	-1.51	/	41.247398
	=	-3.66 %

OceanTech Acquisitions I's Enterprise Value for the quarter that ended in Dec. 2023 was $41.25 Mil.
OceanTech Acquisitions I's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-1.51 Mil.

OceanTech Acquisitions I EV-to-EBIT Related Terms

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OceanTech Acquisitions I (OceanTech Acquisitions I) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » OceanTech Acquisitions I Corp (OTCPK:OTAC) » Definitions » EV-to-EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

515 Madison Avenue, 8th Floor - Suite 8133, New York, NY, USA, 10022

Website

OceanTech Acquisitions I Corp is a blank check company. It is formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses.

Executives

Knuettel Ii Francis	officer: Chief Financial Officer	205 NEWBURY ST, SUITE 204, FRAMINGHAM MA 01701
Aspire Acquistion Llc	10 percent owner	515 MADISON AVE., SUITE 8078, NEW YORK NY 10022
Srinivasan Venkatesh	director	2 CEDAR GATE COURT, LIVINGSTON NJ 07039
Siva Saravanan	director	334 REZZO STREET, LAS VEGAS NV 89138
Donald G. Fell	director	17537 DARBY LANE, LUTZ FL 33558
Michael L Peterson	director	17 CANARY COURT, DANVILLE CA 94526
Owl Creek Asset Management, L.p.	10 percent owner	640 FIFTH AVENUE, 20TH FLOOR, NEW YORK NY 10019
Jeffrey A Altman	10 percent owner	640 FIFTH AVENUE, 20TH FLOOR, NEW YORK NY 10019
Mitchell I Gordon	director	C/O OCEANTECH ACQUISITIONS I CORP, 515 MADISON AVENUE, 8TH FL - SUITE 8133, NEW YORK NY 10022
Philippe Franchet	director	C/O OCEANTECH ACQUISITONS I CORP, 515 MADISON AVENUE, NEW YORK X1 1002
Ken Hickling	officer: Chief Operations Officer	C/O OCEANTECH ACQUISITIONS I CORP, 515 MADISON AVE, 8TH FLOOR - SUITE 8133, NEW YORK NY 10022
Charles Baumgartner	officer: Chief Financial Officer	C/O OCEANTECH ACQUISITIONS I CORP, 515 MADISON AVE., 8TH FLOOR - SUITE 8133, NEW YORK NY 10022
Joseph Adir	director, 10 percent owner, officer: Chief Executive Officer	C/O OCEANTECH ACQUISITIONS I CORP, 515 MADISON AVE., 8TH FLOOR - SUITE 8133, NEW YORK NY 10022
Eric Blair	director	C/O OCEANTECH ACQUISITIONS I CORP, 515 MADISON AVE., 8TH FLOOR - SUITE 8133, NEW YORK NY 10022
Oceantech Acquisitions I Sponsors Llc	10 percent owner	C/O OCEANTECH ACQUISITIONS I CORP, 515 MADISON AVE, 8TH FLOOR - SUITE8133, NEW YORK NY 10022