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GuruFocus has detected 6 Warning Signs with Cal-Maine Foods Inc $CALM.
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Cal-Maine Foods Inc (NAS:CALM)
EV/EBIT
136.29 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its Earnings Before Interest and Taxes (EBIT). As of today, Cal-Maine Foods Inc's enterprise value is $1,945 Mil. Cal-Maine Foods Inc's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Nov. 2016 was $14 Mil. Therefore, Cal-Maine Foods Inc's EV/EBIT ratio for today is 136.29.

CALM' s EV/EBIT Range Over the Past 10 Years
Min: -57.6   Max: 139.8
Current: 133.6

-57.6
139.8

During the past 13 years, the highest EV/EBIT Ratio of Cal-Maine Foods Inc was 139.80. The lowest was -57.60. And the median was 6.60.

CALM's EV/EBIT is ranked lower than
95% of the 1271 Companies
in the Global Packaged Foods industry.

( Industry Median: 15.55 vs. CALM: 133.60 )

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 Nov. 2016 was $1,802 Mil. Cal-Maine Foods Inc's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Nov. 2016 was $14 Mil. Cal-Maine Foods Inc's Earnings Yield (Joel Greenblatt) for the quarter that ended in Nov. 2016 was 0.79%.


Definition

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

EV/EBIT=Enterprise Value (Today)/Earnings Before Interest and Taxes (EBIT) (TTM)
=1944.893/14.27
=136.29

Cal-Maine Foods Inc's current Enterprise Value is $1,945 Mil.
Cal-Maine Foods Inc's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Nov. 2016 was 85.771 (Feb. 2016 ) + 16.367 (May. 2016 ) + -49.825 (Aug. 2016 ) + -38.043 (Nov. 2016 ) = $14 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's 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 Nov. 2016 is calculated as:

Earnings Yield (Joel Greenblatt) (Q: Nov. 2016 )=EBIT (TTM)/Enterprise Value (Q: Nov. 2016 )
=14.27/1801.734
=0.79 %

Cal-Maine Foods Inc's Enterprise Value for the quarter that ended in Nov. 2016 was $1,802 Mil.
Cal-Maine Foods Inc's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Nov. 2016 was 85.771 (Feb. 2016 ) + 16.367 (May. 2016 ) + -49.825 (Aug. 2016 ) + -38.043 (Nov. 2016 ) = $14 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Related Terms

Enterprise Value, Earnings Yield (Joel Greenblatt), Earnings Before Interest and Taxes (EBIT)


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Cal-Maine Foods Inc Annual Data

May07May08May09May10May11May12May13May14May15May16
ev2ebit 5.943.114.766.016.074.3211.398.7910.223.68

Cal-Maine Foods Inc Quarterly Data

Aug14Nov14Feb15May15Aug15Nov15Feb16May16Aug16Nov16
ev2ebit 8.528.946.9510.225.294.194.043.688.92126.26
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