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Platinum Underwriters Holdings (FRA:PMU) EV-to-EBIT : 10.44 (As of Jun. 09, 2024)


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What is Platinum Underwriters Holdings EV-to-EBIT?

EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Platinum Underwriters Holdings's Enterprise Value is €1,588.4 Mil. Platinum Underwriters Holdings's EBIT for the trailing twelve months (TTM) ended in Dec. 2014 was €152.2 Mil. Therefore, Platinum Underwriters Holdings's EV-to-EBIT for today is 10.44.

The historical rank and industry rank for Platinum Underwriters Holdings's EV-to-EBIT or its related term are showing as below:

FRA:PMU's EV-to-EBIT is not ranked *
in the Insurance industry.
Industry Median: 7.46
* Ranked among companies with meaningful EV-to-EBIT only.

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %. Platinum Underwriters Holdings's Enterprise Value for the quarter that ended in Dec. 2014 was €519.2 Mil. Platinum Underwriters Holdings's EBIT for the trailing twelve months (TTM) ended in Dec. 2014 was €152.2 Mil. Platinum Underwriters Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2014 was 29.32%.


Platinum Underwriters Holdings EV-to-EBIT Historical Data

The historical data trend for Platinum Underwriters Holdings's EV-to-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.

Platinum Underwriters Holdings EV-to-EBIT Chart

Platinum Underwriters Holdings Annual Data
Trend Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14
EV-to-EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.82 0.81 -0.37 1.60 3.18

Platinum Underwriters Holdings Quarterly Data
Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14
EV-to-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 1.60 1.59 2.34 1.83 3.18

Competitive Comparison of Platinum Underwriters Holdings's EV-to-EBIT

For the Insurance - Reinsurance subindustry, Platinum Underwriters Holdings'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.


Platinum Underwriters Holdings's EV-to-EBIT Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Platinum Underwriters Holdings's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Platinum Underwriters Holdings's EV-to-EBIT falls into.



Platinum Underwriters Holdings EV-to-EBIT Calculation

Platinum Underwriters Holdings's EV-to-EBIT for today is calculated as:

EV-to-EBIT=Enterprise Value (Today)/EBIT (TTM)
=1588.397/152.218
=10.44

Platinum Underwriters Holdings's current Enterprise Value is €1,588.4 Mil.
Platinum Underwriters Holdings's EBIT for the trailing twelve months (TTM) ended in Dec. 2014 adds up the quarterly data reported by the company within the most recent 12 months, which was €152.2 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.


Platinum Underwriters Holdings  (FRA:PMU) EV-to-EBIT Explanation

This is a more accurate valuation of companies' operation because it considers the debt and cash on its balance sheet, and non-operating items such as interest payment, tax, and one-time items are not included in the Operating Income.

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %.

Platinum Underwriters Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2014 is calculated as:

Earnings Yield (Joel Greenblatt) % (Q: Dec. 2014 ) =EBIT / Enterprise Value (Q: Dec. 2014 )
=152.218/519.21407
=29.32 %

Platinum Underwriters Holdings's Enterprise Value for the quarter that ended in Dec. 2014 was €519.2 Mil.
Platinum Underwriters Holdings's EBIT for the trailing twelve months (TTM) ended in Dec. 2014 adds up the quarterly data reported by the company within the most recent 12 months, which was €152.2 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.


Platinum Underwriters Holdings EV-to-EBIT Related Terms

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Platinum Underwriters Holdings (FRA:PMU) Business Description

Traded in Other Exchanges
N/A
Address
Platinum Underwriters Holdings, Ltd. was incorporated on April 19, 2002. It operates as a holding company domiciled in Bermuda. Through its operating subsidiaries, it provides property and marine, casualty and finite risk reinsurance coverages, through reinsurance intermediaries, to a diverse clientele of commercial and personal lines insurers and select reinsurers on a basis. The Company operates through two licensed reinsurance subsidiaries, Platinum Underwriters Bermuda, Ltd., a Bermuda reinsurance company and wholly owned subsidiary of Platinum Holdings, and Platinum Underwriters Reinsurance, Inc., a U.S. reinsurance company and a wholly owned subsidiary of Platinum Underwriters Finance, Inc. The Company operates in Property and Marine, Casualty and Finite Risk segments. It provides reinsurance coverage for damage to property and crops. It provides reinsurance coverage for marine and offshore energy insurance programs. Coverages reinsured include hull damage, protection and indemnity, cargo damage, satellite damage and general marine liability. Within Marine, it also writes commercial and general aviation reinsurance. Casualty reinsurance protects a ceding company against financial loss arising out of the obligation to others for loss or damage to persons or property. The Company's Casualty operating segment mainly includes reinsurance contracts that cover umbrella liability, general and product liability, professional liability, workers' compensation, casualty clash, automobile liability, surety, trade credit, political risk and accident and health. Finite reinsurance includes mainly structured reinsurance contracts with ceding companies whose needs might not be met efficiently through traditional reinsurance products. Reinsurance contracts classified as finite are typically structured to include loss limitation or loss mitigation features. It markets its reinsurance products mainly through non-exclusive relationships with reinsurance brokers. The property and casualty reinsurance industry is competitive. It competes with Arch Capital Group Ltd., Axis Capital Holdings Limited, Endurance Specialty Holdings Ltd., Everest Re Group, Ltd., Montpelier Re Holdings Ltd., PartnerRe Ltd., RenaissanceRe Holdings Ltd. and Transatlantic Holdings, Inc. The business of reinsurance is regulated in several countries, although the degree and type of regulation. Reinsurers are generally subject to less direct regulation than main insurers.

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