Pioneer Muni Highome Advantage Tr (Pioneer Muni Highome Advantage Tr) Enterprise Value : $190.60 Mil (As of May. 31, 2024)

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What is Pioneer Muni Highome Advantage Tr 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, Pioneer Muni Highome Advantage Tr's Enterprise Value is $190.60 Mil. Pioneer Muni Highome Advantage Tr's Revenue for the trailing twelve months (TTM) ended in Sep. 2023 was $-0.68 Mil. Therefore, Pioneer Muni Highome Advantage Tr's EV-to-Revenue ratio for today is -281.95.

Pioneer Muni Highome Advantage Tr Enterprise Value Historical Data

The historical data trend for Pioneer Muni Highome Advantage Tr'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.

* Premium members only.

Pioneer Muni Highome Advantage Tr Enterprise Value Chart

Pioneer Muni Highome Advantage Tr Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Enterprise Value

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417.16

230.95

283.35

235.08

196.52

Pioneer Muni Highome Advantage Tr Semi-Annual Data
	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Enterprise Value	Get a 7-Day Free Trial								274.81	235.08	179.04	196.52	160.94

Competitive Comparison of Pioneer Muni Highome Advantage Tr's Enterprise Value

For the Asset Management subindustry, Pioneer Muni Highome Advantage Tr'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.

Pioneer Muni Highome Advantage Tr's Enterprise Value Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Pioneer Muni Highome Advantage Tr's Enterprise Value distribution charts can be found below:

* The bar in red indicates where Pioneer Muni Highome Advantage Tr's Enterprise Value falls into.

Pioneer Muni Highome Advantage Tr 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.

Pioneer Muni Highome Advantage Tr's Enterprise Value for the fiscal year that ended in Mar. 2023 is calculated as

	Enterprise Value (A: Mar. 2023 )
=	Market Cap	+	Preferred Stock	+	Long-Term Debt & Capital Lease Obligation
=	196.815512	+	0	+	0
+	Short-Term Debt & Capital Lease Obligation	+	Minority Interest	-	Balance Sheet Cash And Cash Equivalents
+	0	+	0	-	0.291
=	196.52

Pioneer Muni Highome Advantage Tr's Enterprise Value for the quarter that ended in Sep. 2023 is calculated as

	Enterprise Value (Q: Sep. 2023 )
=	Market Cap	+	Preferred Stock	+	Long-Term Debt & Capital Lease Obligation
=	160.943912	+	0	+	0
+	Short-Term Debt & Capital Lease Obligation	+	Minority Interest	-	Balance Sheet Cash And Cash Equivalents
+	0	+	0	-	0
=	160.94

Pioneer Muni Highome Advantage Tr (NYSE:MAV) 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.

Pioneer Muni Highome Advantage Tr's EV-to-Revenue for today is:

EV-to-Revenue	=	Enterprise Value (Today)	/	Revenue (TTM)
	=	190.599	/	-0.676
	=	-281.95

Pioneer Muni Highome Advantage Tr's current Enterprise Value is $190.60 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. Pioneer Muni Highome Advantage Tr's Revenue for the trailing twelve months (TTM) ended in Sep. 2023 was $-0.68 Mil.

Pioneer Muni Highome Advantage Tr Enterprise Value Related Terms

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Pioneer Muni Highome Advantage Tr (Pioneer Muni Highome Advantage Tr) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Pioneer Muni High Income Advantage Tr (NYSE:MAV) » Definitions » Enterprise Value

Comparable Companies

Traded in Other Exchanges

N/A

Address

60 State Street, Boston, MA, USA, 02109

Website

https://www.amundi.com

Pioneer Muni High Income Advantage Tr is a closed-end fund designed to pursue high current income exempt from regular federal income tax and to seek capital appreciation. The fund invests in the fixed income markets of the United States. It invests primarily in municipal bonds. Geographically, its activities are carried out through the United States.

Executives

Saba Capital Management, L.p.	10 percent owner	405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
Boaz Weinstein	10 percent owner	405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
Yana Karalnik	officer: CHIEF COMPLIANCE OFFICER	60 STATE STREET, BOSTON MA 02109
Banc Of America Preferred Funding Corp	10 percent owner	214 NORTH TRYON STREET, CHARLOTTE NC 28255
Michael Melnick	officer: Assistant Treasurer	60 STATE STREET, BOSTON MA 02109
Koenig Anthony J Jr	officer: Treasurer	60 STATE STREET, BOSTON MA 02109
Diane Durnin	other: Trustee	60 STATE STREET, BOSTON MA 02109
Baumgardner John E Jr.	other: Trustee	60 STATE STREET, BOSTON MA 02109
Mark Edward Bradley	officer: Treasurer	60 STATE STREET, BOSTON MA 02109
John Michael Malone	officer: Chief Compliance Officer	60 STATE STREET, BOSTON MA 02019
Group Ag Ubs	10 percent owner	BAHNHOFSTRASSE 45, ZURICH V8 CH-8001
Wells Fargo Municipal Capital Strategies, Llc	10 percent owner	375 PARK AVENUE, NEW YORK NY 10152
Wfc Holdings Corp	10 percent owner	420 MONTGOMERY STREET, SAN FRANCISCO CA 94104
Wells Fargo & Company/mn	10 percent owner	420 MONTGOMERY STREET, SAN FRANCISCO CA 94163
Bank Of America Corp /de/	10 percent owner	BANK OF AMERICA CORPORATE CENTER, 100 N TRYON ST, CHARLOTTE NC 28255