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Cliffs Natural Resources Inc (NYSE:CLF)
EV/EBIT
-0.57 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its EBIT. As of today, Cliffs Natural Resources Inc's enterprise value is $4,475 Mil. Cliffs Natural Resources Inc's operating income for the trailing twelve months (TTM) ended in Sep. 2014 was $-7,805 Mil. Therefore, Cliffs Natural Resources Inc's EV/EBIT ratio for today is -0.57.

CLF' s 10-Year EV/EBIT Range
Min: -115.4   Max: 41
Current: -0.57

-115.4
41

During the past 13 years, the highest EV/EBIT Ratio of Cliffs Natural Resources Inc was 41.00. The lowest was -115.40. And the median was 7.35.

CLF's EV/EBITis ranked higher than
57% of the 2662 Companies
in the Global Industrial Metals & Minerals industry.

( Industry Median: 9999.00 vs. CLF: -0.57 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). Cliffs Natural Resources Inc's enterprise value for the quarter that ended in Sep. 2014 was $5,109 Mil. Cliffs Natural Resources Inc's Operating Income for the trailing twelve months (TTM) ended in Sep. 2014 was $-7,805 Mil. Cliffs Natural Resources Inc's Earnings Yield (Joel Greenblatt) for the quarter that ended in Sep. 2014 was -152.77%.


Definition

Cliffs Natural Resources Inc's EV/EBIT for today is calculated as:

EV/EBIT=Enterprise Value (Today)/Operating Income (TTM)
=4474.800/-7804.8
=-0.57

Cliffs Natural Resources Inc's current Enterprise Value is $4,475 Mil.
Cliffs Natural Resources Inc's Operating Income for the trailing twelve months (TTM) ended in Sep. 2014 was 16.7 (Dec. 2013 ) + -50.7 (Mar. 2014 ) + -11.7 (Jun. 2014 ) + -7759.1 (Sep. 2014 ) = $-7,805 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).

Cliffs Natural Resources Inc's Earnings Yield (Joel Greenblatt) for the quarter that ended in Sep. 2014 is calculated as:

Earnings Yield (Joel Greenblatt) (Q: Sep. 2014 )=Operating Income (TTM)/Enterprise Value (Q: Sep. 2014 )
=-7804.8/5108.8494
=-152.77 %

Cliffs Natural Resources Inc's Enterprise Value for the quarter that ended in Sep. 2014 was $5,109 Mil.
Cliffs Natural Resources Inc's Operating Income for the trailing twelve months (TTM) ended in Sep. 2014 was 16.7 (Dec. 2013 ) + -50.7 (Mar. 2014 ) + -11.7 (Jun. 2014 ) + -7759.1 (Sep. 2014 ) = $-7,805 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.

Cliffs Natural Resources Inc Annual Data

Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13
ev2ebit 6.775.094.7112.103.9328.048.625.66-36.1012.32

Cliffs Natural Resources Inc Quarterly Data

Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14Jun14Sep14
ev2ebit 6.9010.57-36.10-22.05-16.03-25.5012.3216.8338.56-0.65
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