Diamond Offshore Drilling EV/EBIT
What is the EV/EBIT of Diamond Offshore Drilling?
The EV/EBIT of Diamond Offshore Drilling, Inc. is 0.53
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 Energy sector on OTC compared to Diamond Offshore Drilling
What does Diamond Offshore Drilling do?
Diamond Offshore Drilling, Inc. provides contract drilling services to the energy industry worldwide. The company operates a fleet of 13 offshore drilling rigs, including four drillships and nine semisubmersible rigs. It serves independent oil and gas companies, and government-owned oil companies. The company was founded in 1953 and is headquartered in Houston, Texas. Diamond Offshore Drilling, Inc. is a subsidiary of Loews Corporation. On April 26, 2020, Diamond Offshore Drilling, Inc., along with its affiliates, filed a voluntary petition for reorganization under Chapter 11 in the United States Bankruptcy Court for the Southern District of Texas.
Companies with ev/ebit similar to Diamond Offshore Drilling
- Savara Inc has EV/EBIT of 0.48
- CareTeQ has EV/EBIT of 0.49
- Foghorn Therapeutics has EV/EBIT of 0.50
- Strategem Capital has EV/EBIT of 0.50
- MMJ has EV/EBIT of 0.51
- Hoist Capital has EV/EBIT of 0.52
- Diamond Offshore Drilling has EV/EBIT of 0.53
- BTCS has EV/EBIT of 0.54
- Weidai Ltd has EV/EBIT of 0.55
- SIR Royalty Income Fund has EV/EBIT of 0.55
- Satsuma Pharmaceuticals has EV/EBIT of 0.55
- Southern Empire Resources has EV/EBIT of 0.55
- Bluebird bio Inc has EV/EBIT of 0.55