Trine Acquisition (Trine Acquisition) EV-to-EBIT : -196.77 (As of May. 12, 2024)

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What is Trine Acquisition EV-to-EBIT?

EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Trine Acquisition's Enterprise Value is $929.34 Mil. Trine Acquisition's EBIT for the trailing twelve months (TTM) ended in Sep. 2020 was $-4.72 Mil. Therefore, Trine Acquisition's EV-to-EBIT for today is -196.77.

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

TRNE's EV-to-EBIT is not ranked ^*
in the Diversified Financial Services industry.
Industry Median: 8.75
* Ranked among companies with meaningful EV-to-EBIT only.

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %. Trine Acquisition's Enterprise Value for the quarter that ended in Sep. 2020 was $406.40 Mil. Trine Acquisition's EBIT for the trailing twelve months (TTM) ended in Sep. 2020 was $-4.72 Mil. Trine Acquisition's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2020 was -1.16%.

Trine Acquisition EV-to-EBIT Historical Data

The historical data trend for Trine Acquisition'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.

Trine Acquisition EV-to-EBIT Chart

Trine Acquisition Annual Data

Trend

Dec18

Dec19

EV-to-EBIT

-201.56

Trine Acquisition Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20
EV-to-EBIT	Get a 7-Day Free Trial			-301.57	-201.56	-175.47	-178.98	-86.05

Competitive Comparison of Trine Acquisition's EV-to-EBIT

For the Shell Companies subindustry, Trine Acquisition'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.

Trine Acquisition's EV-to-EBIT Distribution in the Diversified Financial Services Industry

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

* The bar in red indicates where Trine Acquisition's EV-to-EBIT falls into.

Trine Acquisition EV-to-EBIT Calculation

Trine Acquisition's EV-to-EBIT for today is calculated as:

EV-to-EBIT	=	Enterprise Value (Today)	/	EBIT (TTM)
	=	929.339	/	-4.723
	=	-196.77

Trine Acquisition's current Enterprise Value is $929.34 Mil.
Trine Acquisition's EBIT for the trailing twelve months (TTM) ended in Sep. 2020 adds up the quarterly data reported by the company within the most recent 12 months, which was $-4.72 Mil.

Trine Acquisition (NYSE:TRNE) 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) %.

Trine Acquisition's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2020 is calculated as:

Earnings Yield (Joel Greenblatt) % (Q: Sep. 2020 )	=	EBIT	/	Enterprise Value (Q: Sep. 2020 )
	=	-4.723	/	406.39896
	=	-1.16 %

Trine Acquisition's Enterprise Value for the quarter that ended in Sep. 2020 was $406.40 Mil.
Trine Acquisition's EBIT for the trailing twelve months (TTM) ended in Sep. 2020 adds up the quarterly data reported by the company within the most recent 12 months, which was $-4.72 Mil.

Trine Acquisition EV-to-EBIT Related Terms

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Trine Acquisition (Trine Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Trine Acquisition Corp (NYSE:TRNE) » Definitions » EV-to-EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

405 Lexington Avenue, 48th Floor, The Chrysler Building, New York, NY, USA, 10174

Website

https://www.trineacquisitioncorp.com

Trine Acquisition Corp is a blank check company 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.