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

EV/EBIT ratio is calculated as enterprise value divided by its EBIT. As of today, Australia and New Zealand Banking Group Ltd's enterprise value is $58,342 Mil. Australia and New Zealand Banking Group Ltd's operating income for the trailing twelve months (TTM) ended in Sep. 2014 was $9,050 Mil. Therefore, Australia and New Zealand Banking Group Ltd's EV/EBIT ratio for today is 6.84.

ANZBY' s 10-Year EV/EBIT Range
Min: 6.7   Max: 29.5
Current: 6.84

6.7
29.5

During the past 13 years, the highest EV/EBIT Ratio of Australia and New Zealand Banking Group Ltd was 29.50. The lowest was 6.70. And the median was 21.00.

ANZBY's EV/EBITis ranked higher than
94% of the 2626 Companies
in the Global Banks - Global industry.

( Industry Median: 19.80 vs. ANZBY: 6.84 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). Australia and New Zealand Banking Group Ltd's enterprise value for the quarter that ended in Sep. 2014 was $57,017 Mil. Australia and New Zealand Banking Group Ltd's Operating Income for the trailing twelve months (TTM) ended in Sep. 2014 was $9,050 Mil. Australia and New Zealand Banking Group Ltd's Earnings Yield (Joel Greenblatt) for the quarter that ended in Sep. 2014 was 15.50%.


Definition

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

EV/EBIT=Enterprise Value (Today)/Operating Income (TTM)
=58341.800/9050.04389816
=6.45

Australia and New Zealand Banking Group Ltd's current Enterprise Value is $58,342 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Australia and New Zealand Banking Group Ltd's Operating Income for the trailing twelve months (TTM) ended in Sep. 2014 was $9,050 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 Ltd'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 )
=9050.04389816/57017.1225122
=15.87 %

Australia and New Zealand Banking Group Ltd's Enterprise Value for the quarter that ended in Sep. 2014 was $57,017 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Australia and New Zealand Banking Group Ltd's Operating Income for the trailing twelve months (TTM) ended in Sep. 2014 was $9,050 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 Ltd Annual Data

Sep05Sep06Sep07Sep08Sep09Sep10Sep11Sep12Sep13Sep14
ev2ebit 23.8022.4020.0523.6930.3221.4215.4417.1417.516.45

Australia and New Zealand Banking Group Ltd Semi-Annual Data

Mar10Sep10Mar11Sep11Mar12Sep12Mar13Sep13Mar14Sep14
ev2ebit 0.0021.420.0015.440.0017.140.0017.510.006.45
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