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Pzena Investment Management (Pzena Investment Management) EBIT : $97.3 Mil (TTM As of Jun. 2022)


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What is Pzena Investment Management EBIT?

Pzena Investment Management's earnings before interest and taxes (EBIT) for the three months ended in Jun. 2022 was $24.6 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2022 was $97.3 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Pzena Investment Management's annualized ROC % for the quarter that ended in Jun. 2022 was 49.42%. Pzena Investment Management's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2022 was 163.39%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Pzena Investment Management's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2022 was 64.26%.


Pzena Investment Management EBIT Historical Data

The historical data trend for Pzena Investment Management's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Pzena Investment Management EBIT Chart

Pzena Investment Management Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 94.69 76.17 51.32 55.84 114.28

Pzena Investment Management Quarterly Data
Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 28.77 28.46 26.63 24.55 17.65

Competitive Comparison of Pzena Investment Management's EBIT

For the Asset Management subindustry, Pzena Investment Management's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Pzena Investment Management's EV-to-EBIT Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Pzena Investment Management's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Pzena Investment Management's EV-to-EBIT falls into.



Pzena Investment Management EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Jun. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $97.3 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Pzena Investment Management  (NYSE:PZN) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Pzena Investment Management's annualized ROC % for the quarter that ended in Jun. 2022 is calculated as:

ROC % (Q: Jun. 2022 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Mar. 2022 ) + Invested Capital (Q: Jun. 2022 ))/ count )
=98.212 * ( 1 - 14.71% )/( (156.531 + 182.465)/ 2 )
=83.7650148/169.498
=49.42 %

where

Note: The Operating Income data used here is four times the quarterly (Jun. 2022) data.

2. Joel Greenblatt's definition of Return on Capital:

Pzena Investment Management's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2022 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2022 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2022  Q: Jun. 2022
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=98.212/( ( (36.519 + max(18.05, 0)) + (60.301 + max(5.347, 0)) )/ 2 )
=98.212/( ( 54.569 + 65.648 )/ 2 )
=98.212/60.1085
=163.39 %

where Working Capital is:

Working Capital(Q: Mar. 2022 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(42.13 + 0 + 3.928) - (28.008 + 0 + 0)
=18.05

Working Capital(Q: Jun. 2022 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(37.012 + 0 + 3.842) - (35.507 + 0 + 0)
=5.347

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jun. 2022) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Pzena Investment Management's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2022 )
=97.293/151.396
=64.26 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Pzena Investment Management EBIT Related Terms

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Pzena Investment Management (Pzena Investment Management) Business Description

Traded in Other Exchanges
N/A
Address
320 Park Avenue, 8th Floor, New York, NY, USA, 10022
Pzena Investment Management Inc is a United States (U.S) based investment management company. The company adopts value-oriented investment strategies across a wide range of market capitalizations in both U.S. and non-U.S. capital markets. It manages separate accounts on behalf of institutions; acts as the sub-investment adviser for a variety of Securities and Exchange Commission registered mutual funds and non-U.S. funds, and act as investment adviser for the Pzena Mutual Funds as well as certain private placement funds. In addition, the company offers institutional investment products to public and corporate pension funds, endowments, foundations, and certain commingled vehicles geared toward institutional investors. The primary source of the revenue is management fees received.
Executives
Shavar Dakel Jeffries director 50 HALSEY STREET, APT. 708T, NEWARK NJ 07102
Chenyu Caroline Cai director, officer: Executive Vice President 320 PARK AVENUE, 8TH FLOOR, NEW YORK NY 10022
Joel Greenblatt director 535 MADISON AVENUE, 30TH FLOOR, NEW YORK NY 10022
Steven M Galbraith director C/O PZENA INVESTMENT MANAGEMENT LLC, 120 WEST 45TH STREET, 20TH FLOOR, NEW YORK NY 10036
Richard P. Meyerowich director C/O PZENA INVESTMENT MANAGEMENT LLC, 120 WEST 45TH STREET, 20TH FLOOR, NEW YORK NY 10036
Evan K. Fire officer: Chief Operating Officer PZENA INVESTMENT MANAGEMENT, INC., 320 PARK AVENUE, 8TH FLOOR, NEW YORK NY 10022
John Paul Goetz director, officer: President and Co-CIO C/O PZENA INVESTMENT MANAGEMENT LLC, 120 WEST 45TH STREET, 20TH FLOOR, NEW YORK NY 10036
Richard Stanton Pzena director, officer: Chairman, CEO and Co-CIO C/O PZENA INVESTMENT MANAGEMENT LLC, 120 WEST 45TH STREET, 20TH FLOOR, NEW YORK NY 10036
William Louis Lipsey director, officer: Pres., Marketing/Client Serv. C/O PZENA INVESTMENT MANAGEMENT LLC, 320 PARK AVENUE, 8TH FLOOR, NEW YORK NY 10022
Jessica R Doran officer: Chief Financial Officer 320 PARK AVENUE, 8TH FLOOR, C/O PZENA INVESTMENT MANAGEMENT, LLC, NEW YORK NY 10022
Punch Howard D. Jr 10 percent owner 7701 FRANCE AVE. SOUTH, SUITE 300, EDINA MN 55435
Punch & Associates Investment Management, Inc. 10 percent owner 7701 FRANCE AVE. SOUTH, SUITE 300, EDINA MN 55435
Charles D Johnston director C/O MORGAN STANLEY, 1585 BROADWAY, NEW YORK NY 10036
Gary J Bachman officer: Chief Financial Officer C/O PZENA INVESTMENT MANAGEMENT, 120 WEST 45TH STREET, 20TH FLOOR, NEW YORK NY 10036
Michael D Peterson officer: Executive Vice President C/O PZENA INVESTMENT MANAGEMENT, 120 WEST 45TH STREET, 20TH FLOOR, NEW YORK NY 10036

Pzena Investment Management (Pzena Investment Management) Headlines

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