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Bank of New York Mellon Corp (NYSE:BK)
EV/EBIT
-14.77 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its EBIT. As of today, Bank of New York Mellon Corp's enterprise value is $-52,641 Mil. Bank of New York Mellon Corp's operating income for the trailing twelve months (TTM) ended in Dec. 2014 was $3,563 Mil. Therefore, Bank of New York Mellon Corp's EV/EBIT ratio for today is -14.77.

BK' s 10-Year EV/EBIT Range
Min: -26.8   Max: 20.3
Current: 0

-26.8
20.3

During the past 13 years, the highest EV/EBIT Ratio of Bank of New York Mellon Corp was 20.30. The lowest was -26.80. And the median was -4.50.

BK's EV/EBITis ranked lower than
61% of the 2215 Companies
in the Global Asset Management industry.

( Industry Median: 39.11 vs. BK: 0.00 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). Bank of New York Mellon Corp's enterprise value for the quarter that ended in Dec. 2014 was $-53,832 Mil. Bank of New York Mellon Corp's Operating Income for the trailing twelve months (TTM) ended in Dec. 2014 was $3,563 Mil. Bank of New York Mellon Corp's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2014 was -6.62%.


Definition

Bank of New York Mellon Corp's EV/EBIT for today is calculated as:

EV/EBIT=Enterprise Value (Today)/Operating Income (TTM)
=-52640.837/3563
=-14.77

Bank of New York Mellon Corp's current Enterprise Value is $-52,641 Mil.
Bank of New York Mellon Corp's Operating Income for the trailing twelve months (TTM) ended in Dec. 2014 was 926 (Mar. 2014 ) + 811 (Jun. 2014 ) + 1662 (Sep. 2014 ) + 164 (Dec. 2014 ) = $3,563 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 New York Mellon Corp's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2014 is calculated as:

Earnings Yield (Joel Greenblatt) (Q: Dec. 2014 )=Operating Income (TTM)/Enterprise Value (Q: Dec. 2014 )
=3563/-53831.9453
=-6.62 %

Bank of New York Mellon Corp's Enterprise Value for the quarter that ended in Dec. 2014 was $-53,832 Mil.
Bank of New York Mellon Corp's Operating Income for the trailing twelve months (TTM) ended in Dec. 2014 was 926 (Mar. 2014 ) + 811 (Jun. 2014 ) + 1662 (Sep. 2014 ) + 164 (Dec. 2014 ) = $3,563 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.

Bank of New York Mellon Corp Annual Data

Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14
ev2ebit 10.5611.1314.62-21.387.40-4.13-23.19-26.26-20.23-15.11

Bank of New York Mellon Corp Quarterly Data

Dec12Mar13Jun13Sep13Dec13Mar14Jun14Sep14Dec14Mar15
ev2ebit -26.26-19.91-17.68-20.90-20.23-16.64-23.97-14.18-15.110.00
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