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

EV/EBIT ratio is calculated as enterprise value divided by its Earnings Before Interest and Taxes (EBIT). As of today, Air Products & Chemicals Inc's enterprise value is $37,373 Mil. Air Products & Chemicals Inc's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2015 was $1,913 Mil. Therefore, Air Products & Chemicals Inc's EV/EBIT ratio for today is 19.54.

APD' s EV/EBIT Range Over the Past 10 Years
Min: 8.4   Max: 25.8
Current: 19.52

8.4
25.8

During the past 13 years, the highest EV/EBIT Ratio of Air Products & Chemicals Inc was 25.80. The lowest was 8.40. And the median was 15.90.

APD's EV/EBIT is ranked lower than
64% of the 847 Companies
in the Global Chemicals industry.

( Industry Median: 13.71 vs. APD: 19.52 )

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. 2015 was $33,729 Mil. Air Products & Chemicals Inc's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2015 was $1,913 Mil. Air Products & Chemicals Inc's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2015 was 5.67%.


Definition

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

EV/EBIT=Enterprise Value (Today)/Earnings Before Interest and Taxes (EBIT) (TTM)
=37373.400/1912.8
=19.54

Air Products & Chemicals Inc's current Enterprise Value is $37,373 Mil.
Air Products & Chemicals Inc's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2015 was 407.4 (Mar. 2015 ) + 464.9 (Jun. 2015 ) + 491.6 (Sep. 2015 ) + 548.9 (Dec. 2015 ) = $1,913 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. 2015 is calculated as:

Earnings Yield (Joel Greenblatt) (Q: Dec. 2015 )=EBIT (TTM)/Enterprise Value (Q: Dec. 2015 )
=1912.8/33728.8215
=5.67 %

Air Products & Chemicals Inc's Enterprise Value for the quarter that ended in Dec. 2015 was $33,729 Mil.
Air Products & Chemicals Inc's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2015 was 407.4 (Mar. 2015 ) + 464.9 (Jun. 2015 ) + 491.6 (Sep. 2015 ) + 548.9 (Dec. 2015 ) = $1,913 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.


Related Terms

Enterprise Value, Earnings Yield (Joel Greenblatt), Earnings Before Interest and Taxes (EBIT)


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

Sep06Sep07Sep08Sep09Sep10Sep11Sep12Sep13Sep14Sep15
ev2ebit 14.9716.4611.1821.4314.2612.0215.7119.0922.8017.83

Air Products & Chemicals Inc Quarterly Data

Sep13Dec13Mar14Jun14Sep14Dec14Mar15Jun15Sep15Dec15
ev2ebit 19.0919.7021.0021.9822.8023.6924.7522.5917.8317.63
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