Financial Glossary

EBITDA measures a company's operating performance by adding back interest, taxes, depreciation, and amortization to net income.

Exchange-traded funds are baskets of securities that trade like stocks, offering instant diversification at low costs.

A quarterly conference call where public companies discuss financial results and answer analyst questions about performance and outlook.

Earnings Per Share (EPS) measures a company's net income divided by its outstanding shares, showing profitability per share owned.

Theory that stock prices fully reflect all available information, making it impossible to consistently beat market returns through analysis.

Enterprise Value represents the total cost to acquire a company, including debt and excluding cash - the true takeover price.