Blackrock Enhanced Government Fund (Blackrock Enhanced Government Fund) Enterprise Value : $34.89 Mil (As of Jun. 06, 2024)

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What is Blackrock Enhanced Government Fund Enterprise Value?

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, Blackrock Enhanced Government Fund's Enterprise Value is $34.89 Mil. Blackrock Enhanced Government Fund's Revenue for the trailing twelve months (TTM) ended in Dec. 2023 was $1.68 Mil. Therefore, Blackrock Enhanced Government Fund's EV-to-Revenue ratio for today is 20.77.

Blackrock Enhanced Government Fund Enterprise Value Historical Data

The historical data trend for Blackrock Enhanced Government Fund'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.

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Blackrock Enhanced Government Fund Enterprise Value Chart

Blackrock Enhanced Government Fund Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Enterprise Value

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78.52

68.29

64.37

56.16

36.37

Blackrock Enhanced Government Fund Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Enterprise Value	Get a 7-Day Free Trial								64.37	65.63	56.16	37.58	36.37

Competitive Comparison of Blackrock Enhanced Government Fund's Enterprise Value

For the Asset Management subindustry, Blackrock Enhanced Government Fund'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.

Blackrock Enhanced Government Fund's Enterprise Value Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Blackrock Enhanced Government Fund's Enterprise Value distribution charts can be found below:

* The bar in red indicates where Blackrock Enhanced Government Fund's Enterprise Value falls into.

Blackrock Enhanced Government Fund 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.

Blackrock Enhanced Government Fund'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
=	36.391941525	+	0	+	0.003
+	Short-Term Debt & Capital Lease Obligation	+	Minority Interest	-	Balance Sheet Cash And Cash Equivalents
+	0	+	0	-	0.026
=	36.37

Blackrock Enhanced Government Fund'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
=	36.391941525	+	0	+	0.003
+	Short-Term Debt & Capital Lease Obligation	+	Minority Interest	-	Balance Sheet Cash And Cash Equivalents
+	0	+	0	-	0.026
=	36.37

Blackrock Enhanced Government Fund (NYSE:EGF) 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.

Blackrock Enhanced Government Fund's EV-to-Revenue for today is:

EV-to-Revenue	=	Enterprise Value (Today)	/	Revenue (TTM)
	=	34.894	/	1.68
	=	20.77

Blackrock Enhanced Government Fund's current Enterprise Value is $34.89 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. Blackrock Enhanced Government Fund's Revenue for the trailing twelve months (TTM) ended in Dec. 2023 was $1.68 Mil.

Blackrock Enhanced Government Fund Enterprise Value Related Terms

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Blackrock Enhanced Government Fund (Blackrock Enhanced Government Fund) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Blackrock Enhanced Government Fund Inc (NYSE:EGF) » Definitions » Enterprise Value

Comparable Companies

Traded in Other Exchanges

N/A

Address

100 Bellevue Parkway, Wilmington, DE, USA, 19809

Website

http://www.blackrock.com

Blackrock Enhanced Government Fund Inc is a diversified closed-end management investment company. Its investment objective is to provide shareholders with current income and gains. The fund seeks to pursue the objectives by investing in a portfolio of U.S. Government and U.S. Agency securities and utilizing an option overwriting in an effort to enhance the fund's distribution rate and total return performance.

Executives

Arthur Philip Steinmetz	director	50 HUDSON YARDS, NEW YORK NY 10001
Aaron David Wasserman	officer: Chief Compliance Officer	50 HUDSON YARDS, NEW YORK NY 10001
Lorenzo Flores	director	2100 LOGIC DRIVE, SAN JOSE CA 95124
James Phillip Holloman	director	P.O. BOX 625737, 6800 CINTAS BOULEVARD, CINCINNATI OH 45262
Stayce D. Harris	director	1999 S. BASCOM AVE., SUITE 700, CAMPBELL CA 95008
Scott Maclellan	other: Portfolio Manager	55 EAST 52ND STREET, NEW YORK NY 10055
Trent Walker	officer: Chief Financial Officer	C/O PIMCO, 650 NEWPORT CENTER DRIVE, NEWPORT BEACH CA 92660
Akiva Dickstein	other: Portfolio Manager	55 EAST 52ND STREET, NEW YORK NY 10055
Henry Gabbay	director	100 BELLEVUE PARKWAY, WILMINGTON DE 19809
Robert W Fairbairn	director	55 EAST 52ND STREET, NEW YORK NY 10055
Cynthia Egan	director	7117 BELLONA AVENUE, BALTIMORE MD 21212
Catherine A. Lynch	director	55 EAST 52ND STREET, NEW YORK NY 10055
Jonathan Diorio	officer: Vice President	55 EAST 52ND STREET, NEW YORK NY 10055
Barbara Novick	director	21 PINE COURT, NEW PROVIDENCE NJ 07974
Charles Park	officer: Chief Compliance Officer	55 EAST 52ND STREET, NEW YORK NY 10055