EV/GCI

EV/GCI (enterprise value/gross cash invested) is an advanced valuation multiple used to compare a company's book value of its assets to their current market value. The ratio is similar to P/B ratio, but EV/GCI is calculated on an EV-basis, taking into account all the company's security-holders.[1]

Formula

GCI (Gross cash invested) = Gross tangible and intangible assets before depreciation or write-offs + investments in associates + working capital[2]

When EV/GCI is higher than 1, then the market is willing to pay a valuation premium. A discount takes place in the opposite case.

gollark: Not really. I mean, with a big passcode like that, it would be hard to bruteforce it, but you also probably couldn't remember that and would have to, say, write it down somewhere, and the rest of this "lock" thing could be insecure in some way.
gollark: You could get the same hard-to-brute-force-ness with, apparently, a 37 digit base 10 one.
gollark: It's basically just a convoluted way to express a 60-digit base-4 number.
gollark: The important thing is how much y increases each time x goes up by 1, which is the gradient.
gollark: I think so, yes. Generally I would take the equation (y = 3x + c) and substitute in one of the points' x and y values, but I guess for this that works.

References
  1. "Introducing GS Sustain". Retrieved 29 October 2015.
  2. Workshop V: Relative Valuation
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