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Cal-Maine Foods Inc (NAS:CALM)
EV/EBIT
19.12 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its EBIT. As of today, Cal-Maine Foods Inc's enterprise value is $1,757 Mil. Cal-Maine Foods Inc's operating income for the trailing twelve months (TTM) ended in Feb. 2014 was $91 Mil. Therefore, Cal-Maine Foods Inc's EV/EBIT ratio for today is 19.12.

CALM' s 10-Year EV/EBIT Range
Min: 2.7   Max: 53.2
Current: 19.12

2.7
53.2

During the past 13 years, the highest EV/EBIT Ratio of Cal-Maine Foods Inc was 53.20. The lowest was 2.70. And the median was 7.40.

CALM's EV/EBITis ranked higher than
71% of the 1580 Companies
in the Global Packaged Foods industry.

( Industry Median: 19.68 vs. CALM: 19.12 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). Cal-Maine Foods Inc's enterprise value for the quarter that ended in Feb. 2014 was $1,145 Mil. Cal-Maine Foods Inc's Operating Income for the trailing twelve months (TTM) ended in Feb. 2014 was $91 Mil. Cal-Maine Foods Inc's Earnings Yield (Joel Greenblatt) for the quarter that ended in Feb. 2014 was 7.97%.


Definition

Cal-Maine Foods Inc's EV/EBIT for today is calculated as:

EV/EBIT=Enterprise Value (Today)/Operating Income (TTM)
=1757.161/91.243
=19.26

Cal-Maine Foods Inc's current Enterprise Value is $1,757 Mil.
Cal-Maine Foods Inc's Operating Income for the trailing twelve months (TTM) ended in Feb. 2014 was -7.281 (May. 2013 ) + 11.07 (Aug. 2013 ) + 40.858 (Nov. 2013 ) + 46.596 (Feb. 2014 ) = $91 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).

Cal-Maine Foods Inc's Earnings Yield (Joel Greenblatt) for the quarter that ended in Feb. 2014 is calculated as:

Earnings Yield (Joel Greenblatt) (Q: Feb. 2014 )=Operating Income (TTM)/Enterprise Value (Q: Feb. 2014 )
=91.243/1145.1536
=7.97 %

Cal-Maine Foods Inc's Enterprise Value for the quarter that ended in Feb. 2014 was $1,145 Mil.
Cal-Maine Foods Inc's Operating Income for the trailing twelve months (TTM) ended in Feb. 2014 was -7.281 (May. 2013 ) + 11.07 (Aug. 2013 ) + 40.858 (Nov. 2013 ) + 46.596 (Feb. 2014 ) = $91 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.

Cal-Maine Foods Inc Annual Data

May04May05May06May07May08May09May10May11May12May13
ev2ebit 3.300.0051.166.443.335.246.887.467.5116.12

Cal-Maine Foods Inc Quarterly Data

Nov11Feb12May12Aug12Nov12Feb13May13Aug13Nov13Feb14
ev2ebit 7.318.567.518.4012.2010.8516.1218.1316.1812.55
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