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Air Products & Chemicals Inc (NYSE:APD)
EV/EBIT
24.50 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its EBIT. As of today, Air Products & Chemicals Inc's enterprise value is $33,416 Mil. Air Products & Chemicals Inc's operating income for the trailing twelve months (TTM) ended in Jun. 2014 was $1,363 Mil. Therefore, Air Products & Chemicals Inc's EV/EBIT ratio for today is 24.50.

APD' s 10-Year EV/EBIT Range
Min: 9.1   Max: 26.1
Current: 24.5

9.1
26.1

During the past 13 years, the highest EV/EBIT Ratio of Air Products & Chemicals Inc was 26.10. The lowest was 9.10. And the median was 17.20.

APD's EV/EBITis ranked higher than
66% of the 1070 Companies
in the Global Chemicals industry.

( Industry Median: 17.79 vs. APD: 24.50 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). Air Products & Chemicals Inc's enterprise value for the quarter that ended in Jun. 2014 was $33,259 Mil. Air Products & Chemicals Inc's Operating Income for the trailing twelve months (TTM) ended in Jun. 2014 was $1,363 Mil. Air Products & Chemicals Inc's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2014 was 4.10%.


Definition

Air Products & Chemicals Inc's EV/EBIT for today is calculated as:

EV/EBIT=Enterprise Value (Today)/Operating Income (TTM)
=33415.600/1363.3
=24.51

Air Products & Chemicals Inc's current Enterprise Value is $33,416 Mil.
Air Products & Chemicals Inc's Operating Income for the trailing twelve months (TTM) ended in Jun. 2014 was 179.2 (Sep. 2013 ) + 385.6 (Dec. 2013 ) + 384.7 (Mar. 2014 ) + 413.8 (Jun. 2014 ) = $1,363 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).

Air Products & Chemicals Inc'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 )
=1363.3/33259.2308
=4.10 %

Air Products & Chemicals Inc's Enterprise Value for the quarter that ended in Jun. 2014 was $33,259 Mil.
Air Products & Chemicals Inc's Operating Income for the trailing twelve months (TTM) ended in Jun. 2014 was 179.2 (Sep. 2013 ) + 385.6 (Dec. 2013 ) + 384.7 (Mar. 2014 ) + 413.8 (Jun. 2014 ) = $1,363 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.

Air Products & Chemicals Inc Annual Data

Sep04Sep05Sep06Sep07Sep08Sep09Sep10Sep11Sep12Sep13
ev2ebit 16.6714.9116.6918.4412.3724.2715.5613.2317.5921.39

Air Products & Chemicals Inc Quarterly Data

Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14Jun14
ev2ebit 16.8313.8717.5917.7417.0219.2321.3922.1323.4424.40
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