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Cheesecake Factory Inc (NAS:CAKE)
EV/EBIT
15.75 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its EBIT. As of today, Cheesecake Factory Inc's enterprise value is $2,431 Mil. Cheesecake Factory Inc's operating income for the trailing twelve months (TTM) ended in Sep. 2014 was $154 Mil. Therefore, Cheesecake Factory Inc's EV/EBIT ratio for today is 15.75.

CAKE' s 10-Year EV/EBIT Range
Min: 5.8   Max: 29.7
Current: 15.75

5.8
29.7

During the past 13 years, the highest EV/EBIT Ratio of Cheesecake Factory Inc was 29.70. The lowest was 5.80. And the median was 15.40.

CAKE's EV/EBITis ranked higher than
80% of the 405 Companies
in the Global Restaurants industry.

( Industry Median: 21.63 vs. CAKE: 15.75 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). Cheesecake Factory Inc's enterprise value for the quarter that ended in Sep. 2014 was $2,263 Mil. Cheesecake Factory Inc's Operating Income for the trailing twelve months (TTM) ended in Sep. 2014 was $154 Mil. Cheesecake Factory Inc's Earnings Yield (Joel Greenblatt) for the quarter that ended in Sep. 2014 was 6.82%.


Definition

Cheesecake Factory Inc's EV/EBIT for today is calculated as:

EV/EBIT=Enterprise Value (Today)/Operating Income (TTM)
=2431.059/154.305
=15.75

Cheesecake Factory Inc's current Enterprise Value is $2,431 Mil.
Cheesecake Factory Inc's Operating Income for the trailing twelve months (TTM) ended in Sep. 2014 was 44.366 (Dec. 2013 ) + 33.073 (Mar. 2014 ) + 42.691 (Jun. 2014 ) + 34.175 (Sep. 2014 ) = $154 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).

Cheesecake Factory Inc's Earnings Yield (Joel Greenblatt) for the quarter that ended in Sep. 2014 is calculated as:

Earnings Yield (Joel Greenblatt) (Q: Sep. 2014 )=Operating Income (TTM)/Enterprise Value (Q: Sep. 2014 )
=154.305/2263.299
=6.82 %

Cheesecake Factory Inc's Enterprise Value for the quarter that ended in Sep. 2014 was $2,263 Mil.
Cheesecake Factory Inc's Operating Income for the trailing twelve months (TTM) ended in Sep. 2014 was 44.366 (Dec. 2013 ) + 33.073 (Mar. 2014 ) + 42.691 (Jun. 2014 ) + 34.175 (Sep. 2014 ) = $154 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.

Cheesecake Factory Inc Annual Data

Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13
ev2ebit 25.5821.8416.9716.469.1418.0113.6411.8112.0615.14

Cheesecake Factory Inc Quarterly Data

Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14Jun14Sep14
ev2ebit 12.0212.5312.0613.4014.4615.3215.1415.5614.5214.67
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