Canoe EIT Income Fund EV/EBIT
What is the EV/EBIT of Canoe EIT Income Fund?
The EV/EBIT of Canoe EIT Income Fund is 3.81
What is the definition of EV/EBIT?
Enterprise value to earnings before interest and taxes (EV/EBIT) is a financial ratio used to measure if a stock is priced appropriately to similar stocks and the market. It is similar to the P/E ratio.
ttm (trailing twelve months)
The EV/EBIT ratio addresses some of the shortcomings of the P/E ratio. Instead of taking market capitalization, the ratio uses enterprise value, as it takes into account the true value of the company. Enterprise value includes both equity and debt. It is calculated as:
Enterprise value = market cap + total debt – cash and cash equivalents
The EV/EBIT ratio is useful in comparing peers within the wider market. A high EV/EBIT ratio indicates that a company’s stock is overvalued. On the opposite, a low EV/EBIT ratio indicates that a company’s stock is undervalued. The lower the ratio, the more financially stable a company should be. However, investors and analyst should use other ratios and information to get a full picture of a company’s financial state and actual value.
EV/EBIT of companies in the Finance sector on OTC compared to Canoe EIT Income Fund
What does Canoe EIT Income Fund do?
Canoe EIT Income Fund is a closed-ended balanced fund launched and managed by Canoe Financial LP. It is co-managed by Haber Trilix Advisors, LP. The fund invests in the public equity and fixed income markets of Canada and the United States. Its equity portion seeks to invest in the stocks of companies operating across diversified sectors. The fund primarily invests in growth and value stocks of mid-cap and large-cap companies. It invests in equity and debt securities of royalty and income trusts, corporations, partnerships, or other issuers. The fund was formerly known as EnerVest Diversified Income Trust. Canoe EIT Income Fund was formed on August 5, 1997 and is domiciled in Canada.
Companies with ev/ebit similar to Canoe EIT Income Fund
- Engineers India has EV/EBIT of 3.78
- Revlon has EV/EBIT of 3.78
- Acorn Income Fund has EV/EBIT of 3.80
- Athene Ltd has EV/EBIT of 3.80
- Himax Technologies has EV/EBIT of 3.80
- Impala Platinum has EV/EBIT of 3.81
- Canoe EIT Income Fund has EV/EBIT of 3.81
- Gerdau S.A has EV/EBIT of 3.82
- Gran Tierra has EV/EBIT of 3.82
- Fortescue Metals has EV/EBIT of 3.84
- G-III Apparel has EV/EBIT of 3.84
- Hovnanian Enterprises has EV/EBIT of 3.85
- CF Bankshares Inc has EV/EBIT of 3.89