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Cenovus Energy Inc (NYSE:CVE)
EV/EBIT
-12.06 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its Earnings Before Interest and Taxes (EBIT). As of today, Cenovus Energy Inc's enterprise value is $14,699 Mil. Cenovus Energy Inc's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2016 was $-1,219 Mil. Therefore, Cenovus Energy Inc's EV/EBIT ratio for today is -12.06.

During the past 8 years, the highest EV/EBIT Ratio of Cenovus Energy Inc was 79.50. The lowest was -61.40. And the median was 16.00.

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). Cenovus Energy Inc's enterprise value for the quarter that ended in Sep. 2016 was $13,755 Mil. Cenovus Energy Inc's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2016 was $-1,219 Mil. Cenovus Energy Inc's Earnings Yield (Joel Greenblatt) for the quarter that ended in Sep. 2016 was -8.86%.


Definition

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

EV/EBIT=Enterprise Value (Today)/Earnings Before Interest and Taxes (EBIT) (TTM)
=14699.369/-1219.12714417
=-12.06

Cenovus Energy Inc's current Enterprise Value is $14,699 Mil.
Cenovus Energy Inc's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2016 was -581.200320863 (Dec. 2015 ) + -186.753364585 (Mar. 2016 ) + -205.521948193 (Jun. 2016 ) + -245.651510528 (Sep. 2016 ) = $-1,219 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).

Cenovus Energy 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 )
=-1219.12714417/13754.9693049
=-8.86 %

Cenovus Energy Inc's Enterprise Value for the quarter that ended in Sep. 2016 was $13,755 Mil.
Cenovus Energy Inc's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2016 was -581.200320863 (Dec. 2015 ) + -186.753364585 (Mar. 2016 ) + -205.521948193 (Jun. 2016 ) + -245.651510528 (Sep. 2016 ) = $-1,219 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.

Cenovus Energy Inc Annual Data

Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15
ev2ebit 0.000.000.0019.3017.9011.2513.3217.4515.8619.66

Cenovus Energy Inc Quarterly Data

Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16
ev2ebit 14.9213.1915.8677.79-59.1116.8919.6612.3721.69-11.05
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