Market Capitalization & Enterprise Value
Research-grade valuation history for TNREF. 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 Mar 31, 2026EV/EBITDA
-359.11x
Negative EV/EBITDA usually means negative EBITDA; compare with revenue and cash flow metrics.
EV vs Market Cap Spread
-154.54K
EV is -1.3% vs equity value
Capital Structure Signal
Net Cash Profile
EV premium trend: +1.3 pp vs earliest data
Additional Multiples
EV/Sales: 0.00x
Net Debt/EBITDA: 5.03x
Share count change in dataset: +1448.23%
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 | 12.19M | 12.04M | $0.12 | 101.28M |
| Dec 31, 2024 | 27.93M | 27.54M | $0.16 | 172.65M |
| Dec 31, 2023 | 19.77M | 19.39M | $0.12 | 165.91M |
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