Ceres Acquisition EV/EBIT
What is the EV/EBIT of Ceres Acquisition?
The EV/EBIT of Ceres 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 OTC compared to Ceres Acquisition
What does Ceres Acquisition do?
Ceres Acquisition Corp. does not have significant operations. It focuses on identifying and evaluating opportunities for the acquisition of assets or business with a view to completing a qualifying transaction. The company intends to identify business opportunities in the field of the cannabis industry. Ceres Acquisition Corp. was incorporated in 2020 and is headquartered in Los Angeles, California.
Companies with ev/ebit similar to Ceres Acquisition
- Avalara Inc has EV/EBIT of N/A
- Far East Gold has EV/EBIT of N/A
- Jay Shree Tea & Industries has EV/EBIT of N/A
- Ganges Securities has EV/EBIT of N/A
- Vermilion Inc has EV/EBIT of N/A
- Score Media and Gaming has EV/EBIT of N/A
- Ceres Acquisition has EV/EBIT of N/A
- Glaukos has EV/EBIT of N/A
- GTL Infrastructure has EV/EBIT of N/A
- Citrine Global, Corp has EV/EBIT of N/A
- Cree has EV/EBIT of N/A
- Lion One Metals has EV/EBIT of N/A
- Aemetis Inc has EV/EBIT of N/A