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

EV/EBIT ratio is calculated as enterprise value divided by its Earnings Before Interest and Taxes (EBIT). As of today, Crestwood Midstream Partners LP's enterprise value is $4,370 Mil. Crestwood Midstream Partners LP's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2015 was $108 Mil. Therefore, Crestwood Midstream Partners LP's EV/EBIT ratio for today is 40.31.

CMLP' s 10-Year EV/EBIT Range
Min: 24.8   Max: 113
Current: 42.01

24.8
113

During the past 6 years, the highest EV/EBIT Ratio of Crestwood Midstream Partners LP was 113.00. The lowest was 24.80. And the median was 49.50.

CMLP's EV/EBITis ranked lower than
82% of the 88 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 24.57 vs. CMLP: 42.01 )

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 Mar. 2015 was $5,001 Mil. Crestwood Midstream Partners LP's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2015 was $108 Mil. Crestwood Midstream Partners LP's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2015 was 2.17%.


Definition

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

EV/EBIT=Enterprise Value (Today)/Earnings Before Interest and Taxes (EBIT) (TTM)
=4369.645/108.4
=40.31

Crestwood Midstream Partners LP's current Enterprise Value is $4,370 Mil.
Crestwood Midstream Partners LP's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2015 was 42.3 (Jun. 2014 ) + 48.7 (Sep. 2014 ) + -34.5 (Dec. 2014 ) + 51.9 (Mar. 2015 ) = $108 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 Mar. 2015 is calculated as:

Earnings Yield (Joel Greenblatt) (Q: Mar. 2015 )=EBIT (TTM)/Enterprise Value (Q: Mar. 2015 )
=108.4/5000.533
=2.17 %

Crestwood Midstream Partners LP's Enterprise Value for the quarter that ended in Mar. 2015 was $5,001 Mil.
Crestwood Midstream Partners LP's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2015 was 42.3 (Jun. 2014 ) + 48.7 (Sep. 2014 ) + -34.5 (Dec. 2014 ) + 51.9 (Mar. 2015 ) = $108 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.

Crestwood Midstream Partners LP Annual Data

Sep09Sep10Sep11Sep12Dec13Dec14
ev2ebit 0.000.000.000.000.000.000.0032.20175.3855.44

Crestwood Midstream Partners LP Quarterly Data

Dec12Mar13Jun13Sep13Dec13Mar14Jun14Sep14Dec14Mar15
ev2ebit 41.8549.0155.4941.36175.38105.1165.7057.2555.4446.13
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