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Energy Company of Minas Gerais (NYSE:CIG)
EV/EBIT
4.26 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its Earnings Before Interest and Taxes (EBIT). As of today, Energy Company of Minas Gerais's enterprise value is $5,079 Mil. Energy Company of Minas Gerais's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2015 was $1,193 Mil. Therefore, Energy Company of Minas Gerais's EV/EBIT ratio for today is 4.26.

CIG' s EV/EBIT Range Over the Past 10 Years
Min: 3   Max: 10816236.9
Current: 5.46

3
10816236.9

During the past 13 years, the highest EV/EBIT Ratio of Energy Company of Minas Gerais was 10816236.90. The lowest was 3.00. And the median was 6.40.

CIG's EV/EBIT is ranked higher than
87% of the 550 Companies
in the Global Utilities - Diversified industry.

( Industry Median: 14.54 vs. CIG: 5.46 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). Energy Company of Minas Gerais's enterprise value for the quarter that ended in Sep. 2015 was $4,922 Mil. Energy Company of Minas Gerais's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2015 was $1,193 Mil. Energy Company of Minas Gerais's Earnings Yield (Joel Greenblatt) for the quarter that ended in Sep. 2015 was 24.25%.


Definition

Energy Company of Minas Gerais's EV/EBIT for today is calculated as:

EV/EBIT=Enterprise Value (Today)/Earnings Before Interest and Taxes (EBIT) (TTM)
=5078.830/1193.35219093
=4.26

Energy Company of Minas Gerais's current Enterprise Value is $5,079 Mil.
Energy Company of Minas Gerais's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2015 was 68.8652209248 (Sep. 2014 ) + 626.723948673 (Dec. 2014 ) + 358.646399074 (Jun. 2015 ) + 139.116622259 (Sep. 2015 ) = $1,193 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).

Energy Company of Minas Gerais's Earnings Yield (Joel Greenblatt) for the quarter that ended in Sep. 2015 is calculated as:

Earnings Yield (Joel Greenblatt) (Q: Sep. 2015 )=EBIT (TTM)/Enterprise Value (Q: Sep. 2015 )
=1193.35219093/4921.6404291
=24.25 %

Energy Company of Minas Gerais's Enterprise Value for the quarter that ended in Sep. 2015 was $4,922 Mil.
Energy Company of Minas Gerais's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2015 was 68.8652209248 (Sep. 2014 ) + 626.723948673 (Dec. 2014 ) + 358.646399074 (Jun. 2015 ) + 139.116622259 (Sep. 2015 ) = $1,193 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their own 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 own currency.

Energy Company of Minas Gerais Annual Data

Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15
ev2ebit 4,599,324.136.0910.707.665.906.154.704.615.503.27

Energy Company of Minas Gerais Quarterly Data

Jun13Sep13Dec13Mar14Jun14Sep14Dec14Jun15Sep15Dec15
ev2ebit 4.294.434.614.664.653.755.506.745.770.00
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