Enterprise Value is a firm valuation proxy that approximates current market value of a company. It is typically used to determine takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that company has on its balance sheet. When takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.
Enterprise Value can be a useful tool to compare companies with different capital structures. Long term liability and current cash or cash equivalents can have a huge impact on market valuation of a given company.
Precision Current Valuation Assessment
In accordance with recently published financial statements Precision Castparts Corp has Current Valuation of 40.8 B. This is 80.35% lower than that of Industrial Goods sector, and 306.1% higher than that of Metal Fabrication industry, The Current Valuation for all stocks is 71.97% higher than the company.
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Precision Castparts Corp is regarded second in current valuation category among related companies. After adjusting for long-term liabilities, total market size of Metal Fabrication industry is at this time estimated at about 139.36 Billion. Precision totals roughly 40.8 Billion in current valuation claiming about 29% of all equities under Metal Fabrication industry.
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