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Arkansas Best Corporation (NAS:ABFS)
EV/EBIT
45.50 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its EBIT. As of today, Arkansas Best Corporation's enterprise value is $969 Mil. Arkansas Best Corporation's operating income for the trailing twelve months (TTM) ended in Dec. 2013 was $19 Mil. Therefore, Arkansas Best Corporation's EV/EBIT ratio for today is 45.50.

ABFS' s 10-Year EV/EBIT Range
Min: 1.3   Max: 319.5
Current: 45.5

1.3
319.5

During the past 13 years, the highest EV/EBIT Ratio of Arkansas Best Corporation was 319.50. The lowest was 1.30. And the median was 8.20.

ABFS's EV/EBITis ranked lower than
65% of the 893 Companies
in the Global Trucking industry.

( Industry Median: 16.40 vs. ABFS: 45.50 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). Arkansas Best Corporation's enterprise value for the quarter that ended in Dec. 2013 was $852 Mil. Arkansas Best Corporation's Operating Income for the trailing twelve months (TTM) ended in Dec. 2013 was $19 Mil. Arkansas Best Corporation's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2013 was 2.24%.


Definition

Arkansas Best Corporation's EV/EBIT for today is calculated as:

EV/EBIT=Enterprise Value (Today)/Operating Income (TTM)
=969.477/19.071
=50.84

Arkansas Best Corporation's current Enterprise Value is $969 Mil.
Arkansas Best Corporation's Operating Income for the trailing twelve months (TTM) ended in Dec. 2013 was -23.35 (Mar. 2013 ) + 8.417 (Jun. 2013 ) + 20.502 (Sep. 2013 ) + 13.502 (Dec. 2013 ) = $19 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.


Explanation

This is a more accurate valuation of companies' operation because it consider 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).

Arkansas Best Corporation's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2013 is calculated as:

Earnings Yield (Joel Greenblatt) (Q: Dec. 2013 )=Operating Income (TTM)/Enterprise Value (Q: Dec. 2013 )
=19.071/851.7804
=2.24 %

Arkansas Best Corporation's Enterprise Value for the quarter that ended in Dec. 2013 was $852 Mil.
Arkansas Best Corporation's Operating Income for the trailing twelve months (TTM) ended in Dec. 2013 was -23.35 (Mar. 2013 ) + 8.417 (Jun. 2013 ) + 20.502 (Sep. 2013 ) + 13.502 (Dec. 2013 ) = $19 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.


Related Terms

Enterprise Value, Operating Income, Earnings Yield (Joel Greenblatt)


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Arkansas Best Corporation Annual Data

Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13
ev2ebit 8.526.346.094.4911.220.000.0041.650.0044.66

Arkansas Best Corporation Quarterly Data

Sep11Dec11Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13
ev2ebit 226.6841.6542.3359.920.000.000.000.000.0044.66
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