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Air Products & Chemicals Inc (NYSE:APD)
EV/EBIT
22.70 (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 $30,745 Mil. Air Products & Chemicals Inc's operating income for the trailing twelve months (TTM) ended in Dec. 2013 was $1,338 Mil. Therefore, Air Products & Chemicals Inc's EV/EBIT ratio for today is 22.70.

APD' s 10-Year EV/EBIT Range
Min: 9   Max: 26
Current: 22.7

9
26

During the past 13 years, the highest EV/EBIT Ratio of Air Products & Chemicals Inc was 26.00. The lowest was 9.00. And the median was 17.00.

APD's EV/EBITis ranked lower than
57% of the 842 Companies
in the Global Chemicals industry.

( Industry Median: 14.88 vs. APD: 22.70 )

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 Dec. 2013 was $29,600 Mil. Air Products & Chemicals Inc's Operating Income for the trailing twelve months (TTM) ended in Dec. 2013 was $1,338 Mil. Air Products & Chemicals Inc's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2013 was 4.52%.


Definition

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

EV/EBIT=Enterprise Value (Today)/Operating Income (TTM)
=30745.400/1337.6
=22.99

Air Products & Chemicals Inc's current Enterprise Value is $30,745 Mil.
Air Products & Chemicals Inc's Operating Income for the trailing twelve months (TTM) ended in Dec. 2013 was 389.7 (Mar. 2013 ) + 383.1 (Jun. 2013 ) + 179.2 (Sep. 2013 ) + 385.6 (Dec. 2013 ) = $1,338 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 Dec. 2013 is calculated as:

Earnings Yield (Joel Greenblatt) (Q: Dec. 2013 )=Operating Income (TTM)/Enterprise Value (Q: Dec. 2013 )
=1337.6/29599.8726
=4.52 %

Air Products & Chemicals Inc's Enterprise Value for the quarter that ended in Dec. 2013 was $29,600 Mil.
Air Products & Chemicals Inc's Operating Income for the trailing twelve months (TTM) ended in Dec. 2013 was 389.7 (Mar. 2013 ) + 383.1 (Jun. 2013 ) + 179.2 (Sep. 2013 ) + 385.6 (Dec. 2013 ) = $1,338 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

Sep11Dec11Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13
ev2ebit 13.2314.5716.8313.8717.5917.7417.0219.2321.3922.13
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