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AK Steel Holding Corp (NYSE:AKS)
EV/EBIT
29.93 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its EBIT. As of today, AK Steel Holding Corp's enterprise value is $3,828 Mil. AK Steel Holding Corp's operating income for the trailing twelve months (TTM) ended in Sep. 2014 was $128 Mil. Therefore, AK Steel Holding Corp's EV/EBIT ratio for today is 29.93.

AKS' s 10-Year EV/EBIT Range
Min: -42   Max: 122.9
Current: 30

-42
122.9

During the past 13 years, the highest EV/EBIT Ratio of AK Steel Holding Corp was 122.90. The lowest was -42.00. And the median was 1.55.

AKS's EV/EBITis ranked higher than
71% of the 621 Companies
in the Global Steel industry.

( Industry Median: 26.91 vs. AKS: 30.00 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). AK Steel Holding Corp's enterprise value for the quarter that ended in Sep. 2014 was $4,237 Mil. AK Steel Holding Corp's Operating Income for the trailing twelve months (TTM) ended in Sep. 2014 was $128 Mil. AK Steel Holding Corp's Earnings Yield (Joel Greenblatt) for the quarter that ended in Sep. 2014 was 3.02%.


Definition

AK Steel Holding Corp's EV/EBIT for today is calculated as:

EV/EBIT=Enterprise Value (Today)/Operating Income (TTM)
=3827.900/127.9
=29.93

AK Steel Holding Corp's current Enterprise Value is $3,828 Mil.
AK Steel Holding Corp's Operating Income for the trailing twelve months (TTM) ended in Sep. 2014 was 63 (Dec. 2013 ) + -35.3 (Mar. 2014 ) + 36.5 (Jun. 2014 ) + 63.7 (Sep. 2014 ) = $128 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).

AK Steel Holding Corp's Earnings Yield (Joel Greenblatt) for the quarter that ended in Sep. 2014 is calculated as:

Earnings Yield (Joel Greenblatt) (Q: Sep. 2014 )=Operating Income (TTM)/Enterprise Value (Q: Sep. 2014 )
=127.9/4236.9517
=3.02 %

AK Steel Holding Corp's Enterprise Value for the quarter that ended in Sep. 2014 was $4,237 Mil.
AK Steel Holding Corp's Operating Income for the trailing twelve months (TTM) ended in Sep. 2014 was 63 (Dec. 2013 ) + -35.3 (Mar. 2014 ) + 36.5 (Jun. 2014 ) + 63.7 (Sep. 2014 ) = $128 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.

AK Steel Holding Corp Annual Data

Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13
ev2ebit -28.9412.9837.498.2139.90-35.37-16.66-8.73-17.3722.05

AK Steel Holding Corp Quarterly Data

Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14Jun14Sep14
ev2ebit -8.29-7.53-17.37-21.15-15.70-23.7022.0544.7937.6433.13
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