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Devon Energy Corp (NYSE:DVN)
EV/EBIT
-4.16 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its Earnings Before Interest and Taxes (EBIT). As of today, Devon Energy Corp's enterprise value is $38,244 Mil. Devon Energy Corp's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2016 was $-9,192 Mil. Therefore, Devon Energy Corp's EV/EBIT ratio for today is -4.16.

DVN' s EV/EBIT Range Over the Past 10 Years
Min: -77.6   Max: 384.4
Current: -4.16

-77.6
384.4

During the past 13 years, the highest EV/EBIT Ratio of Devon Energy Corp was 384.40. The lowest was -77.60. And the median was 7.00.

DVN's EV/EBIT is ranked lower than
99.99% of the 152 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 14.51 vs. DVN: -4.16 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). Devon Energy Corp's enterprise value for the quarter that ended in Sep. 2016 was $36,304 Mil. Devon Energy Corp's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2016 was $-9,192 Mil. Devon Energy Corp's Earnings Yield (Joel Greenblatt) for the quarter that ended in Sep. 2016 was -25.32%.


Definition

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

EV/EBIT=Enterprise Value (Today)/Earnings Before Interest and Taxes (EBIT) (TTM)
=38244.250/-9192
=-4.16

Devon Energy Corp's current Enterprise Value is $38,244 Mil.
Devon Energy Corp's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2016 was -5406 (Dec. 2015 ) + -3529 (Mar. 2016 ) + -1587 (Jun. 2016 ) + 1330 (Sep. 2016 ) = $-9,192 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).

Devon Energy Corp'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 )
=-9192/36303.64
=-25.32 %

Devon Energy Corp's Enterprise Value for the quarter that ended in Sep. 2016 was $36,304 Mil.
Devon Energy Corp's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2016 was -5406 (Dec. 2015 ) + -3529 (Mar. 2016 ) + -1587 (Jun. 2016 ) + 1330 (Sep. 2016 ) = $-9,192 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.

Devon Energy Corp Annual Data

Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15
ev2ebit 9.099.82-9.31-9.219.286.01343.9055.598.76-1.35

Devon Energy Corp Quarterly Data

Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16
ev2ebit 13.048.788.76-23.97-5.15-1.99-1.35-1.56-2.13-3.95
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