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Big Lots, Inc. (NYSE:BIG)
EV/EBIT
8.30 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its EBIT. As of today, Big Lots, Inc.'s enterprise value is $2,260 Mil. Big Lots, Inc.'s operating income for the trailing twelve months (TTM) ended in Jan. 2014 was $190 Mil. Therefore, Big Lots, Inc.'s EV/EBIT ratio for today is 8.30.

BIG' s 10-Year EV/EBIT Range
Min: 4.5   Max: 59.4
Current: 8.3

4.5
59.4

During the past 13 years, the highest EV/EBIT Ratio of Big Lots, Inc. was 59.40. The lowest was 4.50. And the median was 8.60.

BIG's EV/EBITis ranked higher than
86% of the 457 Companies
in the Global Discount Stores industry.

( Industry Median: 13.48 vs. BIG: 8.30 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). Big Lots, Inc.'s enterprise value for the quarter that ended in Jan. 2014 was $1,550 Mil. Big Lots, Inc.'s Operating Income for the trailing twelve months (TTM) ended in Jan. 2014 was $190 Mil. Big Lots, Inc.'s Earnings Yield (Joel Greenblatt) for the quarter that ended in Jan. 2014 was 0.00%.


Definition

Big Lots, Inc.'s EV/EBIT for today is calculated as:

EV/EBIT=Enterprise Value (Today)/Operating Income (TTM)
=2260.034/190.439
=11.87

Big Lots, Inc.'s current Enterprise Value is $2,260 Mil.
Big Lots, Inc.'s Operating Income for the trailing twelve months (TTM) ended in Jan. 2014 was 56.692 (Apr. 2013 ) + 32.811 (Jul. 2013 ) + -11.985 (Oct. 2013 ) + 112.921 (Jan. 2014 ) = $190 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).

Big Lots, Inc.'s Earnings Yield (Joel Greenblatt) for the quarter that ended in Jan. 2014 is calculated as:

Earnings Yield (Joel Greenblatt) (Q: Jan. 2014 )=Operating Income (TTM)/Enterprise Value (Q: Jan. 2014 )
=190.439/1550.1355
=12.29 %

Big Lots, Inc.'s Enterprise Value for the quarter that ended in Jan. 2014 was $1,550 Mil.
Big Lots, Inc.'s Operating Income for the trailing twelve months (TTM) ended in Jan. 2014 was 56.692 (Apr. 2013 ) + 32.811 (Jul. 2013 ) + -11.985 (Oct. 2013 ) + 112.921 (Jan. 2014 ) = $190 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.

Big Lots, Inc. Annual Data

Jan05Jan06Jan07Jan08Jan09Jan10Jan11Jan12Jan13Jan14
ev2ebit 20.9257.3315.806.514.466.296.087.266.540.00

Big Lots, Inc. Quarterly Data

Oct11Jan12Apr12Jul12Oct12Jan13Apr13Jul13Oct13Jan14
ev2ebit 8.027.266.768.347.076.547.637.818.660.00
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