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Cenovus Energy, Inc. (NYSE:CVE)
EV/EBIT
15.40 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its EBIT. As of today, Cenovus Energy, Inc.'s enterprise value is $24,415 Mil. Cenovus Energy, Inc.'s operating income for the trailing twelve months (TTM) ended in Dec. 2013 was $1,695 Mil. Therefore, Cenovus Energy, Inc.'s EV/EBIT ratio for today is 15.40.

CVE' s 10-Year EV/EBIT Range
Min: 9.8   Max: 36.6
Current: 15.4

9.8
36.6

During the past 6 years, the highest EV/EBIT Ratio of Cenovus Energy, Inc. was 36.60. The lowest was 9.80. And the median was 15.50.

CVE's EV/EBITis ranked higher than
78% of the 181 Companies
in the Global Oil & Gas Integrated industry.

( Industry Median: 8.85 vs. CVE: 15.40 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). Cenovus Energy, Inc.'s enterprise value for the quarter that ended in Dec. 2013 was $23,981 Mil. Cenovus Energy, Inc.'s Operating Income for the trailing twelve months (TTM) ended in Dec. 2013 was $1,695 Mil. Cenovus Energy, Inc.'s Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2013 was 6.91%.


Definition

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

EV/EBIT=Enterprise Value (Today)/Operating Income (TTM)
=24415.010/1695.00265647
=14.40

Cenovus Energy, Inc.'s current Enterprise Value is $24,415 Mil.
Cenovus Energy, Inc.'s Operating Income for the trailing twelve months (TTM) ended in Dec. 2013 was 435.721295388 (Mar. 2013 ) + 456.730769231 (Jun. 2013 ) + 603.281853282 (Sep. 2013 ) + 199.268738574 (Dec. 2013 ) = $1,695 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).

Cenovus Energy, Inc.'s Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2013 is calculated as:

Earnings Yield (Joel Greenblatt) (Q: Dec. 2013 )=Operating Income (TTM)/Enterprise Value (Q: Dec. 2013 )
=1695.00265647/23980.8549113
=7.07 %

Cenovus Energy, Inc.'s Enterprise Value for the quarter that ended in Dec. 2013 was $23,981 Mil.
Cenovus Energy, Inc.'s Operating Income for the trailing twelve months (TTM) ended in Dec. 2013 was 435.721295388 (Mar. 2013 ) + 456.730769231 (Jun. 2013 ) + 603.281853282 (Sep. 2013 ) + 199.268738574 (Dec. 2013 ) = $1,695 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.

Cenovus Energy, Inc. Annual Data

Dec08Dec09Dec10Dec11Dec12Dec13
ev2ebit 0.000.000.000.000.0022.4320.2611.6013.5714.48

Cenovus Energy, Inc. Quarterly Data

Sep11Dec11Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13
ev2ebit 12.1511.6010.8210.3513.0113.5714.5016.4215.5414.48
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