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, PNM Resources's Enterprise Value is $8,248 Mil.
PNM Resources's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was $281 Mil. Therefore, PNM Resources's EV-to-EBIT ratio for today is 29.37.
EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, PNM Resources's Enterprise Value is $8,248 Mil.
PNM Resources's EBITDA for the trailing twelve months (TTM) ended in Dec. 2023 was $661 Mil. Therefore, PNM Resources's EV-to-EBITDA ratio for today is 12.47.
EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, PNM Resources's Enterprise Value is $8,248 Mil.
PNM Resources's Revenue for the trailing twelve months (TTM) ended in Dec. 2023 was $1,939 Mil. Therefore, PNM Resources's EV-to-Revenue ratio for today is 4.25.
PNM Resources Enterprise Value Historical Data
The historical data trend for PNM Resources'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 PNM Resources's Enterprise Value
For the Utilities - Regulated Electric subindustry, PNM Resources'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.
PNM Resources's Enterprise Value Distribution in the Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, PNM Resources's Enterprise Value distribution charts can be found below:
* The bar in red indicates where PNM Resources's Enterprise Value falls into.
PNM Resources 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.
PNM Resources's Enterprise Value for the fiscal year that ended in Dec. 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.
PNM Resources (NYSE:PNM) 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.
PNM Resources's current Enterprise Value is $8,248 Mil.
PNM Resources's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $281 Mil.
2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.
PNM Resources's current Enterprise Value is $8,248 Mil.
PNM Resources's EBITDA for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $661 Mil.
PNM Resources's current Enterprise Value is $8,248 Mil.
PNM Resources's Revenue for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $1,939 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.
PNM Resources Enterprise Value Related Terms
Thank you for viewing the detailed overview of PNM Resources's Enterprise Value provided by GuruFocus.com. Please click on the following links to see related term pages.
PNM Resources (PNM Resources) Business Description
PNM Resources Inc, or PNMR, is a holding company that owns regulated utilities companies providing electricity and electric services. PNMR segments its operations by its two subsidiaries, PNM and TNMP. PNM provides electric generation, transmission, and distribution services mainly to areas of New Mexico. While PNM uses a variety of fuel sources across its power plant portfolio, its coal and gas-fueled sites produce most of the energy. TNMP owns and operates transmission and distribution services primarily in small to medium-sized communities in Texas. Both subsidiaries generate revenue for PNMR through the sale of electricity and transmission service fees fairly evenly split between residential and commercial customers. PNM generates the vast majority of PNMR's total revenue.
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