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GuruFocus has detected 3 Warning Signs with Carnival Corp $CCL.
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Carnival Corp (NYSE:CCL)
EV-to-EBIT
15.87 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its Earnings Before Interest and Taxes (EBIT). As of today, Carnival Corp's enterprise value is $51,774 Mil. Carnival Corp's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Feb. 2017 was $3,263 Mil. Therefore, Carnival Corp's EV/EBIT ratio for today is 15.87.

CCL' s EV-to-EBIT Range Over the Past 10 Years
Min: 7.7   Max: 30.8
Current: 15.88

7.7
30.8

During the past 13 years, the highest EV/EBIT Ratio of Carnival Corp was 30.80. The lowest was 7.70. And the median was 17.40.

CCL's EV-to-EBIT is ranked higher than
59% of the 883 Companies
in the Global Leisure industry.

( Industry Median: 16.87 vs. CCL: 15.88 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). Carnival Corp's enterprise value for the quarter that ended in Feb. 2017 was $49,211 Mil. Carnival Corp's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Feb. 2017 was $3,263 Mil. Carnival Corp's Earnings Yield (Joel Greenblatt) for the quarter that ended in Feb. 2017 was 6.63%.


Definition

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

EV/EBIT=Enterprise Value (Today)/Earnings Before Interest and Taxes (EBIT) (TTM)
=51774.010/3263
=15.87

Carnival Corp's current Enterprise Value is $51,774 Mil.
Carnival Corp's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Feb. 2017 was 664 (May. 2016 ) + 1526 (Aug. 2016 ) + 668 (Nov. 2016 ) + 405 (Feb. 2017 ) = $3,263 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).

Carnival Corp's Earnings Yield (Joel Greenblatt) for the quarter that ended in Feb. 2017 is calculated as:

Earnings Yield (Joel Greenblatt) (Q: Feb. 2017 )=EBIT (TTM)/Enterprise Value (Q: Feb. 2017 )
=3263/49211.4765
=6.63 %

Carnival Corp's Enterprise Value for the quarter that ended in Feb. 2017 was $49,211 Mil.
Carnival Corp's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Feb. 2017 was 664 (May. 2016 ) + 1526 (Aug. 2016 ) + 668 (Nov. 2016 ) + 405 (Feb. 2017 ) = $3,263 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.

Carnival Corp Annual Data

Nov07Nov08Nov09Nov10Nov11Nov12Nov13Nov14Nov15Nov16
ev2ebit 16.229.0215.8817.6415.2423.4726.6928.0923.0211.92

Carnival Corp Quarterly Data

Nov14Feb15May15Aug15Nov15Feb16May16Aug16Nov16Feb17
ev2ebit 28.0927.1726.0827.2423.0222.0617.9116.2011.9215.08
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