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Acuity Brands Inc (NYSE:AYI)
EV/EBIT
17.94 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its EBIT. As of today, Acuity Brands Inc's enterprise value is $5,144 Mil. Acuity Brands Inc's operating income for the trailing twelve months (TTM) ended in May. 2014 was $287 Mil. Therefore, Acuity Brands Inc's EV/EBIT ratio for today is 17.94.

AYI' s 10-Year EV/EBIT Range
Min: 4.7   Max: 23.2
Current: 17.94

4.7
23.2

During the past 13 years, the highest EV/EBIT Ratio of Acuity Brands Inc was 23.20. The lowest was 4.70. And the median was 11.50.

AYI's EV/EBITis ranked higher than
58% of the 1897 Companies
in the Global Electronic Components industry.

( Industry Median: 14.41 vs. AYI: 17.94 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). Acuity Brands Inc's enterprise value for the quarter that ended in May. 2014 was $5,310 Mil. Acuity Brands Inc's Operating Income for the trailing twelve months (TTM) ended in May. 2014 was $287 Mil. Acuity Brands Inc's Earnings Yield (Joel Greenblatt) for the quarter that ended in May. 2014 was 5.40%.


Definition

Acuity Brands Inc's EV/EBIT for today is calculated as:

EV/EBIT=Enterprise Value (Today)/Operating Income (TTM)
=5144.414/286.6
=17.95

Acuity Brands Inc's current Enterprise Value is $5,144 Mil.
Acuity Brands Inc's Operating Income for the trailing twelve months (TTM) ended in May. 2014 was 78.2 (Aug. 2013 ) + 77.4 (Nov. 2013 ) + 58.4 (Feb. 2014 ) + 72.6 (May. 2014 ) = $287 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).

Acuity Brands Inc's Earnings Yield (Joel Greenblatt) for the quarter that ended in May. 2014 is calculated as:

Earnings Yield (Joel Greenblatt) (Q: May. 2014 )=Operating Income (TTM)/Enterprise Value (Q: May. 2014 )
=286.6/5309.5871
=5.40 %

Acuity Brands Inc's Enterprise Value for the quarter that ended in May. 2014 was $5,310 Mil.
Acuity Brands Inc's Operating Income for the trailing twelve months (TTM) ended in May. 2014 was 78.2 (Aug. 2013 ) + 77.4 (Nov. 2013 ) + 58.4 (Feb. 2014 ) + 72.6 (May. 2014 ) = $287 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.

Acuity Brands Inc Annual Data

Aug04Aug05Aug06Aug07Aug08Aug09Aug10Aug11Aug12Aug13
ev2ebit 8.7212.819.337.787.0310.2411.3811.0913.2216.38

Acuity Brands Inc Quarterly Data

Feb12May12Aug12Nov12Feb13May13Aug13Nov13Feb14May14
ev2ebit 14.1511.8413.2214.1214.0415.8016.3817.2722.6818.53
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