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Australia and New Zealand Banking Group Limited (OTCPK:ANZBY)
EV/EBIT
24.40 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its EBIT. As of today, Australia and New Zealand Banking Group Limited's enterprise value is $206,502 Mil. Australia and New Zealand Banking Group Limited's operating income for the trailing twelve months (TTM) ended in Sep. 2013 was $8,592 Mil. Therefore, Australia and New Zealand Banking Group Limited's EV/EBIT ratio for today is 24.40.

ANZBY' s 10-Year EV/EBIT Range
Min: 15.3   Max: 29.5
Current: 24.4

15.3
29.5

During the past 13 years, the highest EV/EBIT Ratio of Australia and New Zealand Banking Group Limited was 29.50. The lowest was 15.30. And the median was 20.80.

ANZBY's EV/EBITis ranked lower than
54% of the 1410 Companies
in the Global Banks - Regional - Australia industry.

( Industry Median: 15.82 vs. ANZBY: 24.40 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). Australia and New Zealand Banking Group Limited's enterprise value for the quarter that ended in Sep. 2013 was $148,480 Mil. Australia and New Zealand Banking Group Limited's Operating Income for the trailing twelve months (TTM) ended in Sep. 2013 was $8,592 Mil. Australia and New Zealand Banking Group Limited's Earnings Yield (Joel Greenblatt) for the quarter that ended in Sep. 2013 was 5.71%.


Definition

Australia and New Zealand Banking Group Limited's EV/EBIT for today is calculated as:

EV/EBIT=Enterprise Value (Today)/Operating Income (TTM)
=206501.818/8592.38095238
=24.03

Australia and New Zealand Banking Group Limited's current Enterprise Value is $206,502 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Australia and New Zealand Banking Group Limited's Operating Income for the trailing twelve months (TTM) ended in Sep. 2013 was $8,592 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).

Australia and New Zealand Banking Group Limited's Earnings Yield (Joel Greenblatt) for the quarter that ended in Sep. 2013 is calculated as:

Earnings Yield (Joel Greenblatt) (Q: Sep. 2013 )=Operating Income (TTM)/Enterprise Value (Q: Sep. 2013 )
=8592.38095238/148479.8099
=5.79 %

Australia and New Zealand Banking Group Limited's Enterprise Value for the quarter that ended in Sep. 2013 was $148,480 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Australia and New Zealand Banking Group Limited's Operating Income for the trailing twelve months (TTM) ended in Sep. 2013 was $8,592 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.

Australia and New Zealand Banking Group Limited Annual Data

Sep04Sep05Sep06Sep07Sep08Sep09Sep10Sep11Sep12Sep13
ev2ebit 20.1023.8022.4020.0523.6930.3221.4215.4417.1417.51

Australia and New Zealand Banking Group Limited Semi-Annual Data

Mar09Sep09Mar10Sep10Mar11Sep11Mar12Sep12Mar13Sep13
ev2ebit 0.0030.320.0021.420.0015.440.0017.140.0017.51
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