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GuruFocus has detected 4 Warning Signs with Comerica Inc $CMA.
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Comerica Inc (NYSE:CMA)
EV/EBIT
16.02 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its Earnings Before Interest and Taxes (EBIT). As of today, Comerica Inc's enterprise value is $9,628 Mil. Comerica Inc's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2016 was $601 Mil. Therefore, Comerica Inc's EV/EBIT ratio for today is 16.02.

CMA' s EV/EBIT Range Over the Past 10 Years
Min: -3139.2   Max: 282.5
Current: 13.96

-3139.2
282.5

During the past 13 years, the highest EV/EBIT Ratio of Comerica Inc was 282.50. The lowest was -3139.20. And the median was 11.40.

CMA's EV/EBIT is ranked lower than
55% of the 1216 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 12.39 vs. CMA: 13.96 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). Comerica Inc's enterprise value for the quarter that ended in Sep. 2016 was $5,912 Mil. Comerica Inc's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2016 was $601 Mil. Comerica Inc's Earnings Yield (Joel Greenblatt) for the quarter that ended in Sep. 2016 was 10.17%.


Definition

Comerica Inc's EV/EBIT for today is calculated as:

EV/EBIT=Enterprise Value (Today)/Earnings Before Interest and Taxes (EBIT) (TTM)
=9628.040/601
=16.02

Comerica Inc's current Enterprise Value is $9,628 Mil.
Comerica Inc's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2016 was 157 (Dec. 2015 ) + 85 (Mar. 2016 ) + 146 (Jun. 2016 ) + 213 (Sep. 2016 ) = $601 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).

Comerica Inc'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 )
=601/5912.3524
=10.17 %

Comerica Inc's Enterprise Value for the quarter that ended in Sep. 2016 was $5,912 Mil.
Comerica Inc's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2016 was 157 (Dec. 2015 ) + 85 (Mar. 2016 ) + 146 (Jun. 2016 ) + 213 (Sep. 2016 ) = $601 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.

Comerica Inc Annual Data

Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
ev2ebit 16.5768.41-107.7336.5112.087.867.515.755.5614.65

Comerica Inc Quarterly Data

Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16
ev2ebit 4.845.755.507.103.925.5611.1815.129.8414.65
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