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Crestwood Midstream Partners LP (NYSE:CMLP)
EV/EBIT
24.40 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its EBIT. As of today, Crestwood Midstream Partners LP's enterprise value is $2,154.2 Mil. Crestwood Midstream Partners LP's operating income for the trailing twelve months (TTM) ended in Jun. 2013 was $68.1 Mil. Therefore, Crestwood Midstream Partners LP's EV/EBIT ratio for today is 24.40.

CMLP' s 10-Year EV/EBIT Range
Min: 0   Max: 0
Current: 24.4

CMLP's EV/EBITis ranked higher than
64% of the 121 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 26.34 vs. CMLP: 24.40 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). Crestwood Midstream Partners LP's enterprise value for the quarter that ended in Jun. 2013 was $2,277.4 Mil. Crestwood Midstream Partners LP's Operating Income for the trailing twelve months (TTM) ended in Jun. 2013 was $68.1 Mil. Crestwood Midstream Partners LP's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2013 was 2.99%.


Definition

Crestwood Midstream Partners LP's EV/EBIT for today is calculated as:

EV/EBIT=Enterprise Value (Today)/Operating Income (TTM)
=2154.199/68.098
=31.63

Crestwood Midstream Partners LP's current Enterprise Value is $2,154.2 Mil.
Crestwood Midstream Partners LP's Operating Income for the trailing twelve months (TTM) ended in Jun. 2013 was 17.849 (Sep. 2012 ) + 13.109 (Dec. 2012 ) + 20.746 (Mar. 2013 ) + 16.394 (Jun. 2013 ) = $68.1 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).

Crestwood Midstream Partners LP's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2013 is calculated as:

Earnings Yield (Joel Greenblatt) (Q: Jun. 2013 )=Operating Income (TTM)/Enterprise Value (Q: Jun. 2013 )
=68.098/2277.4428
=2.99 %

Crestwood Midstream Partners LP's Enterprise Value for the quarter that ended in Jun. 2013 was $2,277.4 Mil.
Crestwood Midstream Partners LP's Operating Income for the trailing twelve months (TTM) ended in Jun. 2013 was 17.849 (Sep. 2012 ) + 13.109 (Dec. 2012 ) + 20.746 (Mar. 2013 ) + 16.394 (Jun. 2013 ) = $68.1 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.

Crestwood Midstream Partners LP Annual Data

Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12
ev2ebit 0.000.000.000.0050.1317.8916.3623.4024.0224.83

Crestwood Midstream Partners LP Quarterly Data

Mar11Jun11Sep11Dec11Mar12Jun12Sep12Dec12Mar13Jun13
ev2ebit 23.7125.2622.6924.0222.5322.6822.9324.8330.1533.44
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