Definition of Terms Valuation Measures Market Cap: The total dollar value of all outstanding shares. Computed as shares times current market price. Capitalization is a measure of corporate size. Enterprise Value: Market cap plus total debt minus total cash. EV is a measure of theoretical takeover price, and is useful in comparisons against income statement line items above the interest expense/income lines such as Revenue and EBITDA. Price To Book Ratio: Current Price divided by the latest quarterly Book Value Per Share. Price To Earnings Ratio: Calculated by dividing the current Price by the sum of the Primary Earnings Per Share from continuing operations BEFORE Extraordinary Items and Accounting Changes over the last 4 quarters. Price To Sales Ratio: Current Price divided by the Sales Per Share for the trailing 12 months. If there is a preliminary earnings announcement for a quarter that has recently ended, the revenue (sales) values from this announcement will be used in calculating the trailing 12 month revenue per share. See Enterprise Value/Revenue. PEG Ratio: Forward-looking measure rather than typical earnings growth measures, which look back in time (historical). Used to measure a stock's valuation against its projected growth rate. Calculated as P/E Ratio divided by 5-yr expected growth rate. Enterprise Value/Revenue: Firm value compared against Revenues. Provides a more rigorous comparison than Price/Sales by removing the effects of capitalization from both sides of the ratio. Since Revenue is unaffected by the interest income/expense line item, the appropriate value comparison should also remove the effects of capitalization, as EV does. Enterprise Value/EBITDA: Firm value compared against EBITDA (Earnings before interest, taxes, depreciation, and amortization). See Enterprise Value/Revenue. Financial Highlights Fiscal Year Ends: The date of the end of the firm's accounting year. Most Recent Quarter: Date for the most recent quarter end for which data is available on the Key Statistics page. Profit Margin: Also known as Return on Sales, this value is the Net Income After Taxes for the trailing 12 months divided by Total Revenue for the same period and is expressed as a percentage.
Return on Assets: This value is the Income After Taxes for the trailing 12 months divided by the Average Total Assets, expressed as a percentage. Average Total Assets is calculated by adding the Total Assets for the 5 most recent quarters and dividing by 5. Return on Equity: This value is the Income Available to Common Stockholders for the trailing 12 months divided by the Common Equity and is expressed as a percentage. Average Common Equity is calculated by adding the Common Equity for the 5 most recent quarters and dividing Average by 5. EBITDA: The accounting acronym EBITDA stands for "Earnings Before Interest, Tax, Depreciation, and Amortization. Net Income Avl to Common: This is the dollar amount accruing to common shareholders for dividends and retained earnings. Income Available to Common Shareholders is calculated as Income After Taxes plus Minority Interest and Equity in Affiliates plus Preferred Dividends, General Partner Distributions and U.S. GAAP (Generally Accepted Accounting Principles) Adjustments. EPS: This is the Adjusted Income Available to Common Stockholders (based on Generally Accepted Accounting Principles, GAAP) for the trailing 12 months divided by the trailing 12 month weighted average shares outstanding. Diluted EPS utilizes diluted weighted average shares in the calculation, or the weighted average shares assuming all convertible securities are exercised. Book Value: This is defined as the Common Shareholder's Equity divided by the Shares Outstanding at the end of the most recent fiscal quarter. Sales (Revenue) Per Share: This value is the trailing 12 month Total Revenue divided by the Average Primary Shares Outstanding for the trailing 12 months. Cash Per Share: This is the Total Cash plus Short Term Investments divided by the Shares Outstanding at the end of the most recent fiscal quarter. Total Cash: The total cash and short-term investments on the balance sheet as of the most recent quarter. Current Ratio: This is the ratio of Total Current Assets for the most recent quarter divided by Total Current Liabilities for the same period. Total Debt To Total Equity: This ratio is Total Debt for the most recent fiscal quarter divided by Total Shareholder Equity for the same period. Free Cashflow: Cash not required for operations or for reinvestment. Calculated as operating cashflow plus minus change in working capital plus net interest expense minus capital expenditures.
Stock Price History Beta: The Beta used is Beta of Equity. Beta is the monthly price change of a particular company relative to the monthly price change of the S&P500. The time period for Beta is 5 years when available, and not less than 2.5 years. This value is updated monthly. Price: This is the Closing or Last Bid Price. It is also referred to as the Current Price. For NYSE, AMEX, and Nasdaq traded companies, the Price is the previous Friday's closing price. For companies traded on the National Quotation Bureau's "Pink Sheets," and OTC bulletin boards, it is the bid price obtained at the time the report is updated. Price, 52 Week High: This price is the highest Price the stock traded at in the last 12 months. This could be an intraday high. Price, 52 Week Low: This price is the lowest Price the stock traded at in the last 12 months. This could be an intraday low. Moving Average: Used in charts and technical analysis, the average of security or commodity prices constructed in a period as short as a few days or as long as several years, and showing trends for the latest interval. As each new variable is included in calculating the average, the last variable of the series is deleted. Share Statistics 3 Month Average Daily Volume: This is the monthly average of the cumulative trading volume during the last 3 months divided by 22 days. Shares Outstanding: This is the number of shares of common stock currently outstanding -- the number of shares issued minus the shares held in treasury. This field reflects all offerings and acquisitions for stock made after the end of the previous fiscal period. Float: This is the number of freely traded shares in the hands of the public. Float is calculated as Shares Outstanding minus Shares Owned by Insiders, 5% Owners, and Rule 144 Shares. Shares Short: This is the number of shares currently borrowed by investors for sale, but not yet returned to the owner (lender). Short Ratio: This represents the number of days it would take to cover the Short Interest if trading continued at the average daily volume for the month. It is calculated as the Short Interest for the Current Month divided by the Average Daily Volume. Short % of Float: Number of shares short divided by float. Dividends & Splits
Dividend(ttm): The sum of all dividends paid out in the trailing twelve month period. Dividend Yield: This value is the current percentage dividend yield based on the present cash dividend rate. It is calculated as the Dividend(ttm) divided by the previous close price, multiplied by 100. Ex-Dividend Date: The first day of trading when the seller, rather than the buyer, of a stock will be entitled to the most recently announced dividend payment. The date set by the NYSE (and generally followed on other U.S. exchanges) is currently two business days before the record date. A stock that has gone ex-dividend is denoted by an x in newspaper listings on that date.