VNET Group, Inc. (VNET)

Market price: $3.71

1 valuation method

• EV / EBITDA: $6.27 to $37.45 (midpoint $17.13)

How each method works

EV / EBITDA: $6.27 to $37.45 (midpoint $17.13)

Values the whole business at a peer multiple of its cash operating earnings (EBITDA) — the workhorse comparison for capital-intensive, profitable companies.

How it’s calculated

We take the company's cash operating earnings over the last twelve months (EBITDA — earnings before interest, taxes, depreciation and amortization) and multiply them by the range of EV/EBITDA multiples comparable companies currently trade at. That gives a value for the whole business (enterprise value); we then subtract net debt and anything owed ahead of common shareholders — minority interests in subsidiaries and preferred stock — and divide by shares outstanding to get a per-share range.

Why it fits this industry

EBITDA strips out financing and accounting choices, so two companies with different debt loads or depreciation schedules can be compared on the cash their operations actually generate.

Reading this bar

The bar is the per-share value range this method implies: a conservative low, a central estimate, and an optimistic high. If the current price sits below the bar, the market is pricing the shares below what this method's inputs suggest; if it sits above, the market is pricing them higher. No single bar is a verdict — methods disagree for good reasons, so read the whole field together. A company can also deserve a multiple above or below its peers — faster growth, stronger margins, or higher risk all justify honest gaps.

EV / EBITDA = (7.73/14.94/28.44)× ebitda 404,415,798.99 ≈ 3,125,051,945.01/6,041,793,268.49/11,503,030,276.83 (enterprise_value); enterprise_value -> per share: equity (1,684,965,334.55/4,601,706,658.03/10,062,943,666.36) / 268,712,131.17 shares [EV bridge: minus net debt 1,104,988,642.99, minus minority interest & preferred 335,097,967.47]

5 methods not shown

• EV / Revenue: revenue unavailable — cannot form EV / Revenue
• EV / Gross Profit: gross profit 305,085,353.74 is below EBITDA 404,415,798.99 — implausible (the COGS/GrossProfit tag is partial); figure unreliable
• P / E: diluted EPS is non-positive — P/E is not meaningful for a loss-making period
• P / B: the market prices this company far outside its sector's P / B range (its own multiple is 1.12 vs a sector band of 3.39–7.95) — a sector-average bar would be misleading here, so it is withheld
• DCF (FCFF): base unlevered FCF is non-positive (-539,387,863.37) — nothing to discount; a standard FCFF DCF does not apply

Limited data — fewer than three valuation methods could be formed for this company; showing every method we can stand behind.