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Avery Dennison Corp (NYSE:AVY)
EV/EBIT
16.26 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its Earnings Before Interest and Taxes (EBIT). As of today, Avery Dennison Corp's enterprise value is $8,005 Mil. Avery Dennison Corp's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2016 was $492 Mil. Therefore, Avery Dennison Corp's EV/EBIT ratio for today is 16.26.

AVY' s EV/EBIT Range Over the Past 10 Years
Min: -8.4   Max: 22.2
Current: 16.26

-8.4
22.2

During the past 13 years, the highest EV/EBIT Ratio of Avery Dennison Corp was 22.20. The lowest was -8.40. And the median was 14.90.

AVY's EV/EBIT is ranked lower than
52% of the 1561 Companies
in the Global Business Equipment industry.

( Industry Median: 14.10 vs. AVY: 16.26 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). Avery Dennison Corp's enterprise value for the quarter that ended in Mar. 2016 was $7,497 Mil. Avery Dennison Corp's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2016 was $492 Mil. Avery Dennison Corp's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2016 was 6.57%.


Definition

Avery Dennison Corp's EV/EBIT for today is calculated as:

EV/EBIT=Enterprise Value (Today)/Earnings Before Interest and Taxes (EBIT) (TTM)
=8004.538/492.4
=16.26

Avery Dennison Corp's current Enterprise Value is $8,005 Mil.
Avery Dennison Corp's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2016 was 116.1 (Jun. 2015 ) + 130.8 (Sep. 2015 ) + 106.7 (Dec. 2015 ) + 138.8 (Mar. 2016 ) = $492 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).

Avery Dennison Corp's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2016 is calculated as:

Earnings Yield (Joel Greenblatt) (Q: Mar. 2016 )=EBIT (TTM)/Enterprise Value (Q: Mar. 2016 )
=492.4/7496.5808
=6.57 %

Avery Dennison Corp's Enterprise Value for the quarter that ended in Mar. 2016 was $7,497 Mil.
Avery Dennison Corp's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2016 was 116.1 (Jun. 2015 ) + 130.8 (Sep. 2015 ) + 106.7 (Dec. 2015 ) + 138.8 (Mar. 2016 ) = $492 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.

Avery Dennison Corp Annual Data

Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15
ev2ebit 17.2315.4314.45-7.5518.0514.2514.4212.8913.3214.12

Avery Dennison Corp Quarterly Data

Mar14Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16
ev2ebit 13.2014.2511.7613.3213.2814.0112.7014.1215.220.00
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