Akora Resources Ltd EV/EBIT
What is the EV/EBIT of Akora Resources Ltd?
The EV/EBIT of Akora Resources Ltd 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 Materials sector on ASX compared to Akora Resources Ltd
What does Akora Resources Ltd do?
Akora Resources Limited engages in the exploration and development of iron ore projects in Madagascar. Its flagship project is the Bekisopa property that consists of three granted research permits and one granted small scale mining permit covering 93.5 square kilometers located in south central Madagascar. The company was formerly known as Indian Pacific Resources Limited. Akora Resources Limited was incorporated in 2009 and is based in Carlton North, Australia.
Companies with ev/ebit similar to Akora Resources Ltd
- X-Terra Resources has EV/EBIT of N/A
- Battery Road Capital has EV/EBIT of N/A
- Drummond Ventures has EV/EBIT of N/A
- TNT Mines has EV/EBIT of N/A
- IGG has EV/EBIT of N/A
- Net Element has EV/EBIT of N/A
- Akora Resources Ltd has EV/EBIT of N/A
- Leading Edge Materials has EV/EBIT of N/A
- Altus Strategies plc has EV/EBIT of N/A
- Centric Brands has EV/EBIT of N/A
- Twilio Inc has EV/EBIT of N/A
- Norden Crown Metals has EV/EBIT of N/A
- Condor Gold Plc has EV/EBIT of N/A