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Apache Corporation (NYSE:APA)
EV/EBIT
10.61 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its EBIT. As of today, Apache Corporation's enterprise value is $40,478 Mil. Apache Corporation's operating income for the trailing twelve months (TTM) ended in Jun. 2014 was $3,728 Mil. Therefore, Apache Corporation's EV/EBIT ratio for today is 10.61.

APA' s 10-Year EV/EBIT Range
Min: 3.4   Max: 190.6
Current: 10.61

3.4
190.6

During the past 13 years, the highest EV/EBIT Ratio of Apache Corporation was 190.60. The lowest was 3.40. And the median was 7.90.

APA's EV/EBITis ranked higher than
92% of the 1112 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 70.15 vs. APA: 10.61 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). Apache Corporation's enterprise value for the quarter that ended in Jun. 2014 was $49,766 Mil. Apache Corporation's Operating Income for the trailing twelve months (TTM) ended in Jun. 2014 was $3,728 Mil. Apache Corporation's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2014 was 7.49%.


Definition

Apache Corporation's EV/EBIT for today is calculated as:

EV/EBIT=Enterprise Value (Today)/Operating Income (TTM)
=40478.217/3728
=10.86

Apache Corporation's current Enterprise Value is $40,478 Mil.
Apache Corporation's Operating Income for the trailing twelve months (TTM) ended in Jun. 2014 was 516 (Sep. 2013 ) + 742 (Dec. 2013 ) + 1456 (Mar. 2014 ) + 1014 (Jun. 2014 ) = $3,728 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).

Apache Corporation'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 )
=3728/49766.4296
=7.49 %

Apache Corporation's Enterprise Value for the quarter that ended in Jun. 2014 was $49,766 Mil.
Apache Corporation's Operating Income for the trailing twelve months (TTM) ended in Jun. 2014 was 516 (Sep. 2013 ) + 742 (Dec. 2013 ) + 1456 (Mar. 2014 ) + 1014 (Jun. 2014 ) = $3,728 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.

Apache Corporation Annual Data

Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13
ev2ebit 6.765.716.568.2328.66182.9210.655.319.0510.04

Apache Corporation Quarterly Data

Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14Jun14
ev2ebit 6.157.108.959.059.278.368.2910.049.7113.35
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