Andretti Acquisition EV/EBIT
What is the EV/EBIT of Andretti Acquisition?
The EV/EBIT of Andretti Acquisition Corp. is N/A
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 NYSE compared to Andretti Acquisition
Companies with ev/ebit similar to Andretti Acquisition
- Conyers Park Acquisition has EV/EBIT of N/A
- New Germany Fund Inc has EV/EBIT of N/A
- Swan has EV/EBIT of N/A
- Apcotex Industries has EV/EBIT of N/A
- Cravatex has EV/EBIT of N/A
- Belgian Resources and Capital has EV/EBIT of N/A
- Andretti Acquisition has EV/EBIT of N/A
- Schneider Electric Infrastructure has EV/EBIT of N/A
- Hunt Companies Acquisition I has EV/EBIT of N/A
- Conyers Park Acquisition has EV/EBIT of N/A
- Conyers Park Acquisition has EV/EBIT of N/A
- Conyers Park Acquisition has EV/EBIT of N/A
- Apollo Gold Corp has EV/EBIT of N/A