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Apartment Investment & Management Company (NYSE:AIV)
EV/EBIT
36.56 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its EBIT. As of today, Apartment Investment & Management Company's enterprise value is $9,576.0 Mil. Apartment Investment & Management Company's operating income for the trailing twelve months (TTM) ended in Jun. 2014 was $261.9 Mil. Therefore, Apartment Investment & Management Company's EV/EBIT ratio for today is 36.56.

AIV' s 10-Year EV/EBIT Range
Min: 5.5   Max: 261.4
Current: 36.56

5.5
261.4

During the past 13 years, the highest EV/EBIT Ratio of Apartment Investment & Management Company was 261.40. The lowest was 5.50. And the median was 53.80.

AIV's EV/EBITis ranked higher than
69% of the 693 Companies
in the Global REIT - Residential industry.

( Industry Median: 32.73 vs. AIV: 36.56 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). Apartment Investment & Management Company's enterprise value for the quarter that ended in Jun. 2014 was $9,322.3 Mil. Apartment Investment & Management Company's Operating Income for the trailing twelve months (TTM) ended in Jun. 2014 was $261.9 Mil. Apartment Investment & Management Company's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2014 was 2.81%.


Definition

Apartment Investment & Management Company's EV/EBIT for today is calculated as:

EV/EBIT=Enterprise Value (Today)/Operating Income (TTM)
=9575.984/261.902
=36.56

Apartment Investment & Management Company's current Enterprise Value is $9,576.0 Mil.
Apartment Investment & Management Company's Operating Income for the trailing twelve months (TTM) ended in Jun. 2014 was 67.879 (Sep. 2013 ) + 63.053 (Dec. 2013 ) + 65.173 (Mar. 2014 ) + 65.797 (Jun. 2014 ) = $261.9 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).

Apartment Investment & Management Company's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2014 is calculated as:

Earnings Yield (Joel Greenblatt) (Q: Jun. 2014 )=Operating Income (TTM)/Enterprise Value (Q: Jun. 2014 )
=261.902/9322.304
=2.81 %

Apartment Investment & Management Company's Enterprise Value for the quarter that ended in Jun. 2014 was $9,322.3 Mil.
Apartment Investment & Management Company's Operating Income for the trailing twelve months (TTM) ended in Jun. 2014 was 67.879 (Sep. 2013 ) + 63.053 (Dec. 2013 ) + 65.173 (Mar. 2014 ) + 65.797 (Jun. 2014 ) = $261.9 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.

Apartment Investment & Management Company Annual Data

Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13
ev2ebit 55.2761.8240.8616.86114.3671.6669.4953.4946.9934.61

Apartment Investment & Management Company Quarterly Data

Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14Jun14
ev2ebit 57.7755.6752.9146.9948.3246.0040.6034.6135.4335.59
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