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Carnival Corp (NYSE:CCL)
EV/EBIT
26.10 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its EBIT. As of today, Carnival Corp's enterprise value is $42,492 Mil. Carnival Corp's operating income for the trailing twelve months (TTM) ended in Aug. 2014 was $1,628 Mil. Therefore, Carnival Corp's EV/EBIT ratio for today is 26.10.

CCL' s 10-Year EV/EBIT Range
Min: 7.9   Max: 31.9
Current: 26.1

7.9
31.9

During the past 13 years, the highest EV/EBIT Ratio of Carnival Corp was 31.90. The lowest was 7.90. And the median was 18.10.

CCL's EV/EBITis ranked higher than
73% of the 1086 Companies
in the Global Leisure industry.

( Industry Median: 22.62 vs. CCL: 26.10 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). Carnival Corp's enterprise value for the quarter that ended in Aug. 2014 was $37,864 Mil. Carnival Corp's Operating Income for the trailing twelve months (TTM) ended in Aug. 2014 was $1,628 Mil. Carnival Corp's Earnings Yield (Joel Greenblatt) for the quarter that ended in Aug. 2014 was 4.30%.


Definition

Carnival Corp's EV/EBIT for today is calculated as:

EV/EBIT=Enterprise Value (Today)/Operating Income (TTM)
=42492.000/1628
=26.10

Carnival Corp's current Enterprise Value is $42,492 Mil.
Carnival Corp's Operating Income for the trailing twelve months (TTM) ended in Aug. 2014 was 103 (Nov. 2013 ) + 72 (Feb. 2014 ) + 155 (May. 2014 ) + 1298 (Aug. 2014 ) = $1,628 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).

Carnival Corp's Earnings Yield (Joel Greenblatt) for the quarter that ended in Aug. 2014 is calculated as:

Earnings Yield (Joel Greenblatt) (Q: Aug. 2014 )=Operating Income (TTM)/Enterprise Value (Q: Aug. 2014 )
=1628/37863.76
=4.30 %

Carnival Corp's Enterprise Value for the quarter that ended in Aug. 2014 was $37,864 Mil.
Carnival Corp's Operating Income for the trailing twelve months (TTM) ended in Aug. 2014 was 103 (Nov. 2013 ) + 72 (Feb. 2014 ) + 155 (May. 2014 ) + 1298 (Aug. 2014 ) = $1,628 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.

Carnival Corp Annual Data

Nov04Nov05Nov06Nov07Nov08Nov09Nov10Nov11Nov12Nov13
ev2ebit 23.9920.6518.0316.059.2316.1217.7115.3923.4127.48

Carnival Corp Quarterly Data

May12Aug12Nov12Feb13May13Aug13Nov13Feb14May14Aug14
ev2ebit 17.8319.9723.4119.6019.6926.0127.4831.3031.3823.26
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