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GuruFocus has detected 8 Warning Signs with Dover Corp $DOV.
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Dover Corp (NYSE:DOV)
EV-to-EBIT
19.04 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its Earnings Before Interest and Taxes (EBIT). As of today, Dover Corp's enterprise value is $15,722 Mil. Dover Corp's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2016 was $826 Mil. Therefore, Dover Corp's EV/EBIT ratio for today is 19.04.

DOV' s EV-to-EBIT Range Over the Past 10 Years
Min: 5   Max: 19.1
Current: 19.04

5
19.1

During the past 13 years, the highest EV/EBIT Ratio of Dover Corp was 19.10. The lowest was 5.00. And the median was 11.20.

DOV's EV-to-EBIT is ranked lower than
62% of the 1193 Companies
in the Global Diversified Industrials industry.

( Industry Median: 15.29 vs. DOV: 19.04 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). Dover Corp's enterprise value for the quarter that ended in Dec. 2016 was $14,912 Mil. Dover Corp's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2016 was $826 Mil. Dover Corp's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2016 was 5.54%.


Definition

Dover Corp's EV/EBIT for today is calculated as:

EV/EBIT=Enterprise Value (Today)/Earnings Before Interest and Taxes (EBIT) (TTM)
=15721.556/825.733
=19.04

Dover Corp's current Enterprise Value is $15,722 Mil.
Dover Corp's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2016 was 160.942 (Mar. 2016 ) + 198.278 (Jun. 2016 ) + 214.965 (Sep. 2016 ) + 251.548 (Dec. 2016 ) = $826 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).

Dover Corp's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2016 is calculated as:

Earnings Yield (Joel Greenblatt) (Q: Dec. 2016 )=EBIT (TTM)/Enterprise Value (Q: Dec. 2016 )
=825.733/14912.4165
=5.54 %

Dover Corp's Enterprise Value for the quarter that ended in Dec. 2016 was $14,912 Mil.
Dover Corp's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2016 was 160.942 (Mar. 2016 ) + 198.278 (Jun. 2016 ) + 214.965 (Sep. 2016 ) + 251.548 (Dec. 2016 ) = $826 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.

Dover Corp Annual Data

Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
ev2ebit 9.166.0812.4610.288.7210.9013.3511.4512.7618.06

Dover Corp Quarterly Data

Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16
ev2ebit 12.7911.4511.8212.1910.9512.7614.2416.0318.1018.06
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