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Astoria Financial Corporation (NYSE:AF)
EV/EBIT
43.50 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its EBIT. As of today, Astoria Financial Corporation's enterprise value is $4,203.8 Mil. Astoria Financial Corporation's operating income for the trailing twelve months (TTM) ended in Dec. 2013 was $104.3 Mil. Therefore, Astoria Financial Corporation's EV/EBIT ratio for today is 43.50.

AF' s 10-Year EV/EBIT Range
Min: 11.4   Max: 132.1
Current: 43.5

11.4
132.1

During the past 13 years, the highest EV/EBIT Ratio of Astoria Financial Corporation was 132.10. The lowest was 11.40. And the median was 29.70.

AF's EV/EBITis ranked lower than
66% of the 1447 Companies
in the Global Savings & Cooperative Banks industry.

( Industry Median: 15.51 vs. AF: 43.50 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). Astoria Financial Corporation's enterprise value for the quarter that ended in Dec. 2013 was $4,077.4 Mil. Astoria Financial Corporation's Operating Income for the trailing twelve months (TTM) ended in Dec. 2013 was $104.3 Mil. Astoria Financial Corporation's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2013 was 2.56%.


Definition

Astoria Financial Corporation's EV/EBIT for today is calculated as:

EV/EBIT=Enterprise Value (Today)/Operating Income (TTM)
=4203.804/104.342
=40.29

Astoria Financial Corporation's current Enterprise Value is $4,203.8 Mil.
Astoria Financial Corporation's Operating Income for the trailing twelve months (TTM) ended in Dec. 2013 was 21.633 (Mar. 2013 ) + 24.56 (Jun. 2013 ) + 26.438 (Sep. 2013 ) + 31.711 (Dec. 2013 ) = $104.3 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).

Astoria Financial 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 )
=104.342/4077.3791
=2.56 %

Astoria Financial Corporation's Enterprise Value for the quarter that ended in Dec. 2013 was $4,077.4 Mil.
Astoria Financial Corporation's Operating Income for the trailing twelve months (TTM) ended in Dec. 2013 was 21.633 (Mar. 2013 ) + 24.56 (Jun. 2013 ) + 26.438 (Sep. 2013 ) + 31.711 (Dec. 2013 ) = $104.3 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.

Astoria Financial Corporation Annual Data

Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13
ev2ebit 16.0814.5320.0531.8853.87117.1835.3829.5150.3039.08

Astoria Financial Corporation Quarterly Data

Sep11Dec11Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13
ev2ebit 23.6829.5145.6260.7359.3650.3042.0640.2040.4339.08
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