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. As of today, Tokaido REIT's Enterprise Value is 円52,236 Mil.
Tokaido REIT's EBIT for the trailing twelve months (TTM) ended in Jul. 2023 was 円1,770 Mil. Therefore, Tokaido REIT's EV-to-EBIT ratio for today is 29.51.
EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, Tokaido REIT's Enterprise Value is 円52,236 Mil.
Tokaido REIT's EBITDA for the trailing twelve months (TTM) ended in Jul. 2023 was 円2,105 Mil. Therefore, Tokaido REIT's EV-to-EBITDA ratio for today is 24.81.
EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, Tokaido REIT's Enterprise Value is 円52,236 Mil.
Tokaido REIT's Revenue for the trailing twelve months (TTM) ended in Jul. 2023 was 円3,258 Mil. Therefore, Tokaido REIT's EV-to-Revenue ratio for today is 16.04.
Tokaido REIT Enterprise Value Historical Data
The historical data trend for Tokaido REIT'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.
Competitive Comparison of Tokaido REIT's Enterprise Value
For the REIT - Diversified subindustry, Tokaido REIT'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.
Tokaido REIT's Enterprise Value Distribution in the REITs Industry
For the REITs industry and Real Estate sector, Tokaido REIT's Enterprise Value distribution charts can be found below:
* The bar in red indicates where Tokaido REIT's Enterprise Value falls into.
Tokaido REIT 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.
Tokaido REIT's Enterprise Value for the fiscal year that ended in Jul. 2023 is calculated as
* 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.
Tokaido REIT (TSE:2989) 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-EBIT is calculated as Enterprise Value divided by its EBIT.
Tokaido REIT's current Enterprise Value is 円52,236 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. Tokaido REIT's EBIT for the trailing twelve months (TTM) ended in Jul. 2023 was 円1,770 Mil.
2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.
Tokaido REIT's current Enterprise Value is 円52,236 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. Tokaido REIT's EBITDA for the trailing twelve months (TTM) ended in Jul. 2023 was 円2,105 Mil.
Tokaido REIT's current Enterprise Value is 円52,236 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. Tokaido REIT's Revenue for the trailing twelve months (TTM) ended in Jul. 2023 was 円3,258 Mil.
* 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.
Tokaido REIT Enterprise Value Related Terms
Thank you for viewing the detailed overview of Tokaido REIT's Enterprise Value provided by GuruFocus.com. Please click on the following links to see related term pages.
2-14-3 Nagatacho, Chiyoda-ku, Tokyo, JPN, 100-0014
Website
Tokaido REIT Inc is a real estate investment trust that focuses on the Tokaido area, mainly Shizuoka, Aichi, and Mie prefectures. Its Investment targets are divided into two types including "Industrial infrastructure assets" targeting logistics facilities and office buildings, and "Living infrastructure assets" for residential and commercial facilities.
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