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Cincinnati Financial Corp (NAS:CINF)
EV/EBIT
12.56 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its Earnings Before Interest and Taxes (EBIT). As of today, Cincinnati Financial Corp's enterprise value is $11,962 Mil. Cincinnati Financial Corp's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2016 was $952 Mil. Therefore, Cincinnati Financial Corp's EV/EBIT ratio for today is 12.56.

CINF' s EV/EBIT Range Over the Past 10 Years
Min: 4.6   Max: 27.9
Current: 13.44

4.6
27.9

During the past 13 years, the highest EV/EBIT Ratio of Cincinnati Financial Corp was 27.90. The lowest was 4.60. And the median was 10.20.

CINF's EV/EBIT is ranked lower than
65% of the 133 Companies
in the Global Insurance - Property & Casualty industry.

( Industry Median: 10.97 vs. CINF: 13.44 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). Cincinnati Financial Corp's enterprise value for the quarter that ended in Sep. 2016 was $12,569 Mil. Cincinnati Financial Corp's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2016 was $952 Mil. Cincinnati Financial Corp's Earnings Yield (Joel Greenblatt) for the quarter that ended in Sep. 2016 was 7.57%.


Definition

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

EV/EBIT=Enterprise Value (Today)/Earnings Before Interest and Taxes (EBIT) (TTM)
=11961.656/952
=12.56

Cincinnati Financial Corp's current Enterprise Value is $11,962 Mil.
Cincinnati Financial Corp's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2016 was 229 (Dec. 2015 ) + 278 (Mar. 2016 ) + 179 (Jun. 2016 ) + 266 (Sep. 2016 ) = $952 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).

Cincinnati Financial Corp's Earnings Yield (Joel Greenblatt) for the quarter that ended in Sep. 2016 is calculated as:

Earnings Yield (Joel Greenblatt) (Q: Sep. 2016 )=EBIT (TTM)/Enterprise Value (Q: Sep. 2016 )
=952/12568.674
=7.57 %

Cincinnati Financial Corp's Enterprise Value for the quarter that ended in Sep. 2016 was $12,569 Mil.
Cincinnati Financial Corp's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2016 was 229 (Dec. 2015 ) + 278 (Mar. 2016 ) + 179 (Jun. 2016 ) + 266 (Sep. 2016 ) = $952 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.

Cincinnati Financial Corp Annual Data

Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15
ev2ebit 6.065.707.537.1010.1523.8811.0114.1611.3210.72

Cincinnati Financial Corp Quarterly Data

Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16
ev2ebit 13.1911.5211.3210.828.819.6210.7210.7213.3913.20
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