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DTE Energy Holding Company (NYSE:DTE)
EV/EBIT
17.90 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its EBIT. As of today, DTE Energy Holding Company's enterprise value is $21,859 Mil. DTE Energy Holding Company's operating income for the trailing twelve months (TTM) ended in Dec. 2013 was $1,203 Mil. Therefore, DTE Energy Holding Company's EV/EBIT ratio for today is 17.90.

DTE' s 10-Year EV/EBIT Range
Min: 9.7   Max: 44.6
Current: 17.9

9.7
44.6

During the past 13 years, the highest EV/EBIT Ratio of DTE Energy Holding Company was 44.60. The lowest was 9.70. And the median was 14.30.

DTE's EV/EBITis ranked higher than
57% of the 707 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 15.47 vs. DTE: 17.90 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). DTE Energy Holding Company's enterprise value for the quarter that ended in Dec. 2013 was $19,064 Mil. DTE Energy Holding Company's Operating Income for the trailing twelve months (TTM) ended in Dec. 2013 was $1,203 Mil. DTE Energy Holding Company's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2013 was 6.31%.


Definition

DTE Energy Holding Company's EV/EBIT for today is calculated as:

EV/EBIT=Enterprise Value (Today)/Operating Income (TTM)
=21858.516/1203
=18.17

DTE Energy Holding Company's current Enterprise Value is $21,859 Mil.
DTE Energy Holding Company's Operating Income for the trailing twelve months (TTM) ended in Dec. 2013 was 410 (Mar. 2013 ) + 223 (Jun. 2013 ) + 329 (Sep. 2013 ) + 241 (Dec. 2013 ) = $1,203 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).

DTE Energy Holding Company'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 )
=1203/19063.752
=6.31 %

DTE Energy Holding Company's Enterprise Value for the quarter that ended in Dec. 2013 was $19,064 Mil.
DTE Energy Holding Company's Operating Income for the trailing twelve months (TTM) ended in Dec. 2013 was 410 (Mar. 2013 ) + 223 (Jun. 2013 ) + 329 (Sep. 2013 ) + 241 (Dec. 2013 ) = $1,203 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.

DTE Energy Holding Company Annual Data

Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13
ev2ebit 24.7117.9416.2421.4712.3011.7610.1811.8213.7415.85

DTE Energy Holding Company Quarterly Data

Sep11Dec11Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13
ev2ebit 11.2611.8212.4712.8212.9213.7413.7414.3515.2515.85
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