Market Capitalization & Enterprise Value
Research-grade valuation history for TERN. Track market capitalization versus enterprise value to see the impact of net debt and share changes. Use the interactive chart to explore different horizons; the table updates accordingly to support auditability and export.
Market Cap & Enterprise Value
Comparison of market capitalization and enterprise value over time
Market Cap
Enterprise Value
Market Cap History
Investor Valuation Insights
As of Dec 31, 2025EV/EBITDA
-95.39x
Negative EV/EBITDA usually means negative EBITDA; compare with revenue and cash flow metrics.
EV vs Market Cap Spread
-523.83M
EV is -13.9% vs equity value
Capital Structure Signal
Net Cash Profile
EV premium trend: +4.8 pp vs earliest data
Additional Multiples
EV/Sales: 0.00x
Net Debt/EBITDA: 15.42x
Share count change in dataset: +288.65%
Interpretation guide: EV/EBITDA compares total firm value (debt + equity - cash) to operating earnings. Lower is usually cheaper, but always benchmark against peers, growth rate, margins, and cyclicality.
Market Cap & Enterprise Value Data
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| Date | Market Cap | Enterprise Value | Stock Price | Shares |
|---|---|---|---|---|
| Dec 31, 2025 | 3.76B | 3.24B | $40.40 | 93.17M |
| Dec 31, 2024 | 440.47M | 280.38M | $5.54 | 79.51M |
| Dec 31, 2023 | 462.47M | 383.15M | $6.49 | 71.26M |
Dec 31, 2022 | — | — | — | — |
Dec 31, 2021 | — | — | — | — |
Dec 31, 2020 | — | — | — | — |
Dec 31, 2019 | — | — | — | — |
Dec 31, 2018 | — | — | — | — |