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Carnival Corporation (NYSE:CCL)
EV/EBIT
30.30 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its EBIT. As of today, Carnival Corporation's enterprise value is $39,356 Mil. Carnival Corporation's operating income for the trailing twelve months (TTM) ended in Feb. 2014 was $1,278 Mil. Therefore, Carnival Corporation's EV/EBIT ratio for today is 30.30.

CCL' s 10-Year EV/EBIT Range
Min: 7.9   Max: 93.4
Current: 30.3

7.9
93.4

During the past 13 years, the highest EV/EBIT Ratio of Carnival Corporation was 93.40. The lowest was 7.90. And the median was 18.30.

CCL's EV/EBITis ranked lower than
58% of the 662 Companies
in the Global Leisure industry.

( Industry Median: 18.50 vs. CCL: 30.30 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). Carnival Corporation's enterprise value for the quarter that ended in Feb. 2014 was $41,685 Mil. Carnival Corporation's Operating Income for the trailing twelve months (TTM) ended in Feb. 2014 was $1,278 Mil. Carnival Corporation's Earnings Yield (Joel Greenblatt) for the quarter that ended in Feb. 2014 was 0.00%.


Definition

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

EV/EBIT=Enterprise Value (Today)/Operating Income (TTM)
=39356.111/1278
=30.80

Carnival Corporation's current Enterprise Value is $39,356 Mil.
Carnival Corporation's Operating Income for the trailing twelve months (TTM) ended in Feb. 2014 was 152 (May. 2013 ) + 951 (Aug. 2013 ) + 103 (Nov. 2013 ) + 72 (Feb. 2014 ) = $1,278 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 Corporation'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 )
=1278/41684.749
=3.07 %

Carnival Corporation's Enterprise Value for the quarter that ended in Feb. 2014 was $41,685 Mil.
Carnival Corporation's Operating Income for the trailing twelve months (TTM) ended in Feb. 2014 was 152 (May. 2013 ) + 951 (Aug. 2013 ) + 103 (Nov. 2013 ) + 72 (Feb. 2014 ) = $1,278 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 Corporation Annual Data

Nov04Nov05Nov06Nov07Nov08Nov09Nov10Nov11Nov12Nov13
ev2ebit 23.9919.9118.2216.569.2316.1217.7115.3923.4128.32

Carnival Corporation Quarterly Data

Nov11Feb12May12Aug12Nov12Feb13May13Aug13Nov13Feb14
ev2ebit 15.3916.8517.8319.9723.4119.6019.6926.0128.320.00
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