Cheat Sheet: Valuation Ratios

Ratios to evaluate value relative to earnings.

Enterprice Value Ratios

Ratios that measure value of based on earnings relative to assets of the entire business.

EV / Revenue
EV / EBITDA
EV / EBIT
EV / Invested capital
EV / (EBITDA - CapEx)
EV / Free Cash Flow

Equity Value Ratios

Ratios that measure value based on earnings relative to shareholders' equity.

P/E Ratio
Price / Sales
Price / Book
Price / Tangible Book Value
Price / Cash Flow
PEG Ratio

Created by:
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 Cheat Sheet: Valuation Ratios
Ratios to evaluate value relative to earnings.

Calculation
of based on earnings relative to assets of the entire business.

Enterprise Value / Revenue

Enterprise Value / Earnings before Interest, Taxes, Depreciation, & Amortization
Enterprise Value / Earnings before Interest, & Taxes
Enterprise Value / (Shareholders' Equity + Total Debt)
Enterprise Value / (EBITDA - CapEx)
Enterprice Value / (Cash From Operations + Cash From Investing)

Calculation
based on earnings relative to shareholders' equity.

Stock Price / EPS or Market Cap / Net Income

Stock Price / Revenue per Share or Market Cap / Revenue
Stock Price / Book Value per Share or Market Cap / Common Equity
Market Cap / (Common Equity - Intangible Assets)
Stock Price / Cash From Operations per Share or Market Cap / Cash From Operations
(Price / EPS) / (% Growth Rate * 100)
Operations
 Valuation Ratios
Ratios to evaluate value relative to earnings.

Ticker AAPL
Company Name Apple Inc.
Sector Information Technology
Latest Fiscal Year 9/30/2016

Enterprise Value Ratios Current Forecast

Ratios that measure value of earnings based on value of the entire company.

EV / Revenue 3.0x 2.9x

EV / EBITDA 9.4x 9.3x
EV / EBIT 11.0x 10.9x
EV / Invested capital 2.7x NA
EV / (EBITDA - CapEx) 11.4x 11.3x
EV / Free Cash Flow 32.7x NA

Equity Value Ratios Current Forecast

Ratios that measure the use of debt. High leverage makes good times better and bad times worse.

P/E Ratio 17.4x 17.2x

Price / Sales 3.6x 3.6x
Price / Book 6.1x NA
Price / Tangible Book Value 6.5x NA
Price / Cash Flow 12.7x NA
PEG Ratio 1.0x NA

Supporting Calculations Calculation

Market Capitalization
Stock Price per Share 163.05
(x) Shares Outstanding 4,985.7
Market Capitalization 812,916.9

Enterprise Value
Market Capitalzation 812,916.9
(-) Cash & Short Term Investments 76,759.0
(-) Long Term Investments & Other 184,757.0
(+) Total Debt & Capital Leases 108,339.0
(+) Preferred Stock 0.0
(+) Minority Interest & Other 0.0
Enterprise Value 659,739.9

Long Term Investments & Other

Long Term Investments 184,757.0
Discontinued Op Assets, Current 0.0
Discontinued Op Assets, Long Term 0.0
Receivables, Long Term 0.0
Long Term Investments & Other 184,757.0

Minority Interest & Other

Minority Interest 0.0
Discontinued Op Liabilities, Current 0.0
Discontinued Op Liabilities, Long Ter 0.0
Redeemable Sub. Securities 0.0
Minority Interest & Other 0.0

Invested Capital
Total Equity 132,425.0
Total Debt 108,339.0
Invested Capital 240,764.0

Required Data: Update Highlighted Cells With Data

Current Forecast
Period Date 6/30/2017 9/30/2017

Income Statement
Revenue 223,507.0 227,334.1
EBITDA 70,206.0 71,031.8
EBIT 59,985.0 60,286.5
Net Income 46,651.0 47,331.0 55,241.0
Net Income Growth 1.46% 16.71%

Statement of Cash Flows

Capital Expenditures 12,563.0 12,447.5
Cash from Operations 64,068.0
Cash from Investing -43,901.0

Balance Sheet
Net Working Capital -26,711.0
Net Property, Plant, and Equipment 29,286.0
Goodwill & Intangibles 8,105.0
Cash & Equivalents 18,571.0
Short-term Investments 58,188.0
Total Debt & Capital Leases 108,339.0
Preferred Stock 0.0
Total Common Equity 132,425.0
Total Equity 132,425.0
Long Term Investments 184,757.0
Discontinued Op Assets, Current 0.0
Discontinued Op Assets, Long Term 0.0
Receivables, Long Term 0.0
Minority Interest 0.0
Discontinued Op Liabilities, Current 0.0
Discontinued Op Liabilities, Long Ter 0.0
Redeemable Sub. Securities 0.0

Stock Price per Share 163.05

Shares Outstanding 4,985.7

Created by:
finbox.io
 Instructions:
1) To use this tab, please update the cells highlighed in yellow
and colored in blue manually. Update financial data in starting Row 70
2) Ratios starting at Row 15 will update automatically

Formula

Enterprise Value / Revenue

Enterprise Value / Earnings before Interest, Taxes, Depreciation, & Amortization
Enterprise Value / Earnings before Interest, & Taxes
Enterprise Value / (Shareholders' Equity + Total Debt)
Enterprise Value / (EBITDA - CapEx)
Enterprice Value / (Cash From Operations + Cash From Investing)

Formula

Stock Price / EPS or Market Cap / Net Income

Stock Price / Revenue per Share or Market Cap / Revenue
Stock Price / Book Value per Share or Market Cap / Common Equity
Market Cap / (Common Equity - Intangible Assets)
Stock Price / Cash From Operations per Share or Market Cap / Cash From Operations
(Price / EPS) / (% Growth Rate * 100)
 Valuation Ratios
Ratios to evaluate value relative to earnings.

Ticker AAPL
Company Name Apple Inc.
Sector Information Technology
Latest Fiscal Year 9/30/2017

Enterprise Value Ratios Current Forecast

Ratios that measure value of earnings based on value of the entire company.

EV / Revenue 3.2x 2.7x

EV / EBITDA 10.4x 8.6x
EV / EBIT 12.1x 10.0x
EV / Invested capital 3.0x NA
EV / (EBITDA - CapEx) 12.6x 10.2x
EV / Free Cash Flow 43.3x NA

Equity Value Ratios Current Forecast

Ratios that measure the use of debt. High leverage makes good times better and bad times worse.

P/E Ratio 18.5x 15.6x

Price / Sales 3.9x 3.3x
Price / Book 6.7x NA
Price / Tangible Book Value 7.1x NA
Price / Cash Flow 14.1x NA
PEG Ratio 18.3x NA

Supporting Calculations Calculation

Market Capitalization
Stock Price per Share 174.84
(x) Shares Outstanding 5,126.4
Market Capitalization 896,304.2

Enterprise Value
Market Capitalzation 896,304.2
(-) Cash & Short Term Investments 74,181.0
(-) Long Term Investments & Other 194,714.0
(+) Total Debt & Capital Leases 115,680.0
(+) Preferred Stock 0.0
(+) Minority Interest & Other 0.0
Enterprise Value 743,089.2

Long Term Investments & Other

Long Term Investments 194,714.0
Discontinued Op Assets, Current 0.0
Discontinued Op Assets, Long Term 0.0
Receivables, Long Term 0.0
Long Term Investments & Other 194,714.0

Minority Interest & Other

Minority Interest 0.0
Discontinued Op Liabilities, Current 0.0
Discontinued Op Liabilities, Long Ter 0.0
Redeemable Sub. Securities 0.0
Minority Interest & Other 0.0

Invested Capital
Total Equity 134,047.0
Total Debt 115,680.0
Invested Capital 249,727.0

Required Data

Current Forecast
Period Date 9/30/2017 9/30/2018

Income Statement
Revenue 229,234.0 273,082.0
EBITDA 71,501.0 86,747.0
EBIT 61,344.0 74,083.0
Net Income 48,351.0 57,502.9 57,993.5
Net Income Growth 18.93% 0.85%

Statement of Cash Flows

Capital Expenditures 12,451.0 14,106.0
Cash from Operations 63,598.0
Cash from Investing -46,446.0

Balance Sheet
Net Working Capital -27,877.0
Net Property, Plant, and Equipment 33,783.0
Goodwill & Intangibles 8,015.0
Cash & Equivalents 20,289.0
Short-term Investments 53,892.0
Total Debt & Capital Leases 115,680.0
Preferred Stock 0.0
Total Common Equity 134,047.0
Total Equity 134,047.0
Long Term Investments 194,714.0
Discontinued Op Assets, Current 0.0
Discontinued Op Assets, Long Term 0.0
Receivables, Long Term 0.0
Minority Interest 0.0
Discontinued Op Liabilities, Current 0.0
Discontinued Op Liabilities, Long Ter 0.0
Redeemable Sub. Securities 0.0

Stock Price per Share 174.84

Shares Outstanding 5,126.4

Created by:
finbox.io
 Instructions:
1) To use this tab, please install the finbox.io Spreadsheet Add-on
https://finbox.io/integrations/excel
2) Login to the add-on using your finbox.io credentials
3) Change the ticker is cell "C5"
4) Wait for data in the cells highlighted in yellow and colored in purple to populate.
Ratios starting at Row 15 will update automatically

Formula

Enterprise Value / Revenue

Enterprise Value / Earnings before Interest, Taxes, Depreciation, & Amortization
Enterprise Value / Earnings before Interest, & Taxes
Enterprise Value / (Shareholders' Equity + Total Debt)
Enterprise Value / (EBITDA - CapEx)
Enterprice Value / (Cash From Operations + Cash From Investing)

Formula

Stock Price / EPS or Market Cap / Net Income

Stock Price / Revenue per Share or Market Cap / Revenue
Stock Price / Book Value per Share or Market Cap / Common Equity
Market Cap / (Common Equity - Intangible Assets)
Stock Price / Cash From Operations per Share or Market Cap / Cash From Operations
(Price / EPS) / (% Growth Rate * 100)