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Boston Properties Inc (NYSE:BXP)
EV/EBIT
38.50 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its EBIT. As of today, Boston Properties Inc's enterprise value is $27,029 Mil. Boston Properties Inc's operating income for the trailing twelve months (TTM) ended in Dec. 2013 was $682 Mil. Therefore, Boston Properties Inc's EV/EBIT ratio for today is 38.50.

BXP' s 10-Year EV/EBIT Range
Min: 20.2   Max: 63
Current: 38.5

20.2
63

During the past 13 years, the highest EV/EBIT Ratio of Boston Properties Inc was 63.00. The lowest was 20.20. And the median was 40.60.

BXP's EV/EBITis ranked lower than
59% of the 599 Companies
in the Global REIT - Office industry.

( Industry Median: 27.39 vs. BXP: 38.50 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). Boston Properties Inc's enterprise value for the quarter that ended in Dec. 2013 was $25,807 Mil. Boston Properties Inc's Operating Income for the trailing twelve months (TTM) ended in Dec. 2013 was $682 Mil. Boston Properties Inc's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2013 was 2.64%.


Definition

Boston Properties Inc's EV/EBIT for today is calculated as:

EV/EBIT=Enterprise Value (Today)/Operating Income (TTM)
=27029.336/681.705
=39.65

Boston Properties Inc's current Enterprise Value is $27,029 Mil.
Boston Properties Inc's Operating Income for the trailing twelve months (TTM) ended in Dec. 2013 was 130.435 (Mar. 2013 ) + 170.815 (Jun. 2013 ) + 187.352 (Sep. 2013 ) + 193.103 (Dec. 2013 ) = $682 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).

Boston Properties Inc's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2013 is calculated as:

Earnings Yield (Joel Greenblatt) (Q: Dec. 2013 )=Operating Income (TTM)/Enterprise Value (Q: Dec. 2013 )
=681.705/25806.7606
=2.64 %

Boston Properties Inc's Enterprise Value for the quarter that ended in Dec. 2013 was $25,807 Mil.
Boston Properties Inc's Operating Income for the trailing twelve months (TTM) ended in Dec. 2013 was 130.435 (Mar. 2013 ) + 170.815 (Jun. 2013 ) + 187.352 (Sep. 2013 ) + 193.103 (Dec. 2013 ) = $682 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.

Boston Properties Inc Annual Data

Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13
ev2ebit 39.2547.3658.1034.6244.0326.7832.7035.9237.9737.86

Boston Properties Inc Quarterly Data

Sep11Dec11Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13
ev2ebit 34.0835.9237.8837.5338.5737.9738.1043.4041.6237.86
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