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Bank of America Corporation (NYSE:BAC)
EV/EBIT
11.62 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its Earnings Before Interest and Taxes (EBIT). As of today, Bank of America Corporation's enterprise value is $250,281 Mil. Bank of America Corporation's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2016 was $21,531 Mil. Therefore, Bank of America Corporation's EV/EBIT ratio for today is 11.62.

BAC' s EV/EBIT Range Over the Past 10 Years
Min: -1578.3   Max: 853.7
Current: 11.61

-1578.3
853.7

During the past 13 years, the highest EV/EBIT Ratio of Bank of America Corporation was 853.70. The lowest was -1578.30. And the median was 22.10.

BAC's EV/EBIT is ranked higher than
59% of the 1508 Companies
in the Global Banks - Global industry.

( Industry Median: 13.21 vs. BAC: 11.61 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). Bank of America Corporation's enterprise value for the quarter that ended in Mar. 2016 was $241,998 Mil. Bank of America Corporation's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2016 was $21,531 Mil. Bank of America Corporation's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2016 was 8.90%.


Definition

Bank of America Corporation's EV/EBIT for today is calculated as:

EV/EBIT=Enterprise Value (Today)/Earnings Before Interest and Taxes (EBIT) (TTM)
=250281.154/21531
=11.62

Bank of America Corporation's current Enterprise Value is $250,281 Mil.
Bank of America Corporation's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2016 was 7218 (Jun. 2015 ) + 5767 (Sep. 2015 ) + 4847 (Dec. 2015 ) + 3699 (Mar. 2016 ) = $21,531 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).

Bank of America Corporation'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 )
=21531/241998.1632
=8.90 %

Bank of America Corporation's Enterprise Value for the quarter that ended in Mar. 2016 was $241,998 Mil.
Bank of America Corporation's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2016 was 7218 (Jun. 2015 ) + 5767 (Sep. 2015 ) + 4847 (Dec. 2015 ) + 3699 (Mar. 2016 ) = $21,531 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.

Bank of America Corporation Annual Data

Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15
ev2ebit 14.9724.95111.17306.00-396.55-1,473.19104.4220.4748.9713.30

Bank of America Corporation Quarterly Data

Mar14Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16
ev2ebit 24.8929.4253.8548.9724.0619.1812.9413.3011.240.00
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