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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, Pandora Media's Enterprise Value is $2,274 Mil. Pandora Media's EBIT for the trailing twelve months (TTM) ended in Sep. 2018 was $-313 Mil. Therefore, Pandora Media's EV-to-EBIT ratio for today is -7.27.
EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, Pandora Media's Enterprise Value is $2,274 Mil. Pandora Media's EBITDA for the trailing twelve months (TTM) ended in Sep. 2018 was $-255 Mil. Therefore, Pandora Media's EV-to-EBITDA ratio for today is -8.92.
EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, Pandora Media's Enterprise Value is $2,274 Mil. Pandora Media's Revenue for the trailing twelve months (TTM) ended in Sep. 2018 was $1,517 Mil. Therefore, Pandora Media's EV-to-Revenue ratio for today is 1.50.
The historical data trend for Pandora Media'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.
Pandora Media Annual Data | |||||||||||||||||||
Trend | Jan09 | Jan10 | Jan11 | Jan12 | Jan13 | Dec14 | Dec15 | Dec16 | Dec17 | ||||||||||
Enterprise Value | Get a 7-Day Free Trial | 1,898.30 | 3,373.15 | 2,880.91 | 3,171.72 | 981.35 |
Pandora Media Quarterly Data | ||||||||||||||||||||
Oct13 | Mar14 | Jun14 | Sep14 | Dec14 | Mar15 | Jun15 | Sep15 | Dec15 | Mar16 | Jun16 | Sep16 | Dec16 | Mar17 | Jun17 | Sep17 | Dec17 | Mar18 | Jun18 | Sep18 | |
Enterprise Value | Get a 7-Day Free Trial | 1,680.33 | 981.35 | 1,016.88 | 1,928.06 | 2,433.18 |
For the Broadcasting subindustry, Pandora Media'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.
For the Media - Diversified industry and Communication Services sector, Pandora Media's Enterprise Value distribution charts can be found below:
* The bar in red indicates where Pandora Media's Enterprise Value falls into.
Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.
Pandora Media's Enterprise Value for the fiscal year that ended in Dec. 2017 is calculated as
Enterprise Value (A: Dec. 2017 ) | |||||
= | Market Cap | + | Preferred Stock | + | Long-Term Debt & Capital Lease Obligation |
= | 1209.17894 | + | 0 | + | 273.014 |
+ | Short-Term Debt & Capital Lease Obligation | + | Minority Interest | - | Cash, Cash Equivalents, Marketable Securities |
+ | 0 | + | 0 | - | 500.847 |
= | 981 |
Pandora Media's Enterprise Value for the quarter that ended in Sep. 2018 is calculated as
Enterprise Value (Q: Sep. 2018 ) | |||||
= | Market Cap | + | Preferred Stock | + | Long-Term Debt & Capital Lease Obligation |
= | 2565.55074 | + | 0 | + | 255.272 |
+ | Short-Term Debt & Capital Lease Obligation | + | Minority Interest | - | Cash, Cash Equivalents, Marketable Securities |
+ | 0 | + | 0 | - | 387.642 |
= | 2,433 |
* 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.
Pandora Media (NYSE:P) 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.
Pandora Media's EV-to-EBIT for today is
EV-to-EBIT | = | Enterprise Value (Today) | / | EBIT (TTM) |
= | 2274.280 | / | -312.945 | |
= | -7.27 |
Pandora Media's current Enterprise Value is $2,274 Mil.
Pandora Media's EBIT for the trailing twelve months (TTM) ended in Sep. 2018 adds up the quarterly data reported by the company within the most recent 12 months, which was $-313 Mil.
2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.
Pandora Media's EV-to-EBITDA for today is:
EV-to-EBITDA | = | Enterprise Value (Today) | / | EBITDA(TTM) |
= | 2274.280 | / | -254.951 | |
= | -8.92 |
Pandora Media's current Enterprise Value is $2,274 Mil.
Pandora Media's EBITDA for the trailing twelve months (TTM) ended in Sep. 2018 adds up the quarterly data reported by the company within the most recent 12 months, which was $-255 Mil.
3. EV-to-Revenue is calculated as Enterprise Value divided by its Revenue.
Pandora Media's EV-to-Revenue for today is:
EV-to-Revenue | = | Enterprise Value (Today) | / | Revenue (TTM) |
= | 2274.280 | / | 1516.99 | |
= | 1.50 |
Pandora Media's current Enterprise Value is $2,274 Mil.
Pandora Media's Revenue for the trailing twelve months (TTM) ended in Sep. 2018 adds up the quarterly data reported by the company within the most recent 12 months, which was $1,517 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.
Thank you for viewing the detailed overview of Pandora Media's Enterprise Value provided by GuruFocus.com. Please click on the following links to see related term pages.
Gregory B Maffei | director | 12300 LIBERTY BLVD, ENGLEWOOD CO 80112 |
Karen Sammis Walker | officer: Chief Accounting Officer | 2101 WEBSTER STREET, #1650, OAKLAND CA 94612 |
S Aimee Lapic | officer: Chief Marketing Officer | 2101 WEBSTER ST #1650, OAKLAND CA 94612 |
Michael Lynton | director | 2000 AVENUE OF THE STARS 12TH FL, LOS ANGELES CA 90067 |
David J Frear | director | 1221 AVENUE OF THE AMERICAS, NEW YORK NY 10020 |
Naveen K. Chopra | officer: Chief Financial Officer | C/O 2160 GOLD STREET, SAN JOSE CA 95002 |
Stephen G Bene | officer: General Counsel & Secretary | C/O ELECTRONIC ARTS INC., 209 REDWOOD SHORES PARKWAY, REDWOOD CITY CA 94065 |
James E Meyer | director | 6922 HOLLYWOOD BLVD., 12TH FLOOR, LOS ANGELES CA 90028 |
Roger Lynch | director, officer: CEO & President | PANDORA MEDIA, INC., 2101 WEBSTER STREET, SUITE 1650, OAKLAND CA 94612 |
Liberty Media Corp | director, 10 percent owner | 12300 LIBERTY BOULEVARD, ENGLEWOOD CO 80112 |
Elizabeth A Nelson | director | MACROMEDIA/ 600 TOWNSEND ST, SAN FRANCISCO CA 94103 |
Peter C Gotcher | director | |
James Feuille | director | TWO EMBARCADERO, SUITE 2200, SAN FRANCISCO CA 94111 |
Peter Chernin | director | 1211 AVENUE OF THE AMERICAS, NEW YORK NY 10036 |
Crosslink Capital Inc | other: Affiliate of Director | 2180 SAND HILL ROAD, SUITE 200, MENLO PARK CA 94025 |
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