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Aflac Inc (NYSE:AFL)
EV/EBIT
7.00 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its EBIT. As of today, Aflac Inc's enterprise value is $33,636 Mil. Aflac Inc's operating income for the trailing twelve months (TTM) ended in Dec. 2013 was $4,816 Mil. Therefore, Aflac Inc's EV/EBIT ratio for today is 7.00.

AFL' s 10-Year EV/EBIT Range
Min: 3.3   Max: 20.2
Current: 7

3.3
20.2

During the past 13 years, the highest EV/EBIT Ratio of Aflac Inc was 20.20. The lowest was 3.30. And the median was 9.90.

AFL's EV/EBITis ranked higher than
87% of the 135 Companies
in the Global Insurance - Life industry.

( Industry Median: 11.84 vs. AFL: 7.00 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). Aflac Inc's enterprise value for the quarter that ended in Dec. 2013 was $33,489 Mil. Aflac Inc's Operating Income for the trailing twelve months (TTM) ended in Dec. 2013 was $4,816 Mil. Aflac Inc's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2013 was 14.39%.


Definition

Aflac Inc's EV/EBIT for today is calculated as:

EV/EBIT=Enterprise Value (Today)/Operating Income (TTM)
=33636.147/4816
=6.98

Aflac Inc's current Enterprise Value is $33,636 Mil.
Aflac Inc's Operating Income for the trailing twelve months (TTM) ended in Dec. 2013 was 1361 (Mar. 2013 ) + 1358 (Jun. 2013 ) + 1069 (Sep. 2013 ) + 1028 (Dec. 2013 ) = $4,816 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).

Aflac Inc'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 )
=4816/33488.812
=14.38 %

Aflac Inc's Enterprise Value for the quarter that ended in Dec. 2013 was $33,489 Mil.
Aflac Inc's Operating Income for the trailing twelve months (TTM) ended in Dec. 2013 was 1361 (Mar. 2013 ) + 1358 (Jun. 2013 ) + 1069 (Sep. 2013 ) + 1028 (Dec. 2013 ) = $4,816 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.

Aflac Inc Annual Data

Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13
ev2ebit 9.9010.3710.0612.4712.489.827.707.197.326.95

Aflac Inc Quarterly Data

Sep11Dec11Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13
ev2ebit 7.607.197.656.526.667.325.815.826.656.95
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