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Enbridge Energy Partners LP (NYSE:EEP)
EV/EBIT
34.02 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its EBIT. As of today, Enbridge Energy Partners LP's enterprise value is $25,220 Mil. Enbridge Energy Partners LP's operating income for the trailing twelve months (TTM) ended in Sep. 2014 was $741 Mil. Therefore, Enbridge Energy Partners LP's EV/EBIT ratio for today is 34.02.

EEP' s 10-Year EV/EBIT Range
Min: 10.2   Max: 107.2
Current: 34.02

10.2
107.2

During the past 13 years, the highest EV/EBIT Ratio of Enbridge Energy Partners LP was 107.20. The lowest was 10.20. And the median was 19.50.

EEP's EV/EBITis ranked higher than
71% of the 183 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 27.84 vs. EEP: 34.02 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). Enbridge Energy Partners LP's enterprise value for the quarter that ended in Sep. 2014 was $25,097 Mil. Enbridge Energy Partners LP's Operating Income for the trailing twelve months (TTM) ended in Sep. 2014 was $741 Mil. Enbridge Energy Partners LP's Earnings Yield (Joel Greenblatt) for the quarter that ended in Sep. 2014 was 2.95%.


Definition

Enbridge Energy Partners LP's EV/EBIT for today is calculated as:

EV/EBIT=Enterprise Value (Today)/Operating Income (TTM)
=25220.038/741.4
=34.02

Enbridge Energy Partners LP's current Enterprise Value is $25,220 Mil.
Enbridge Energy Partners LP's Operating Income for the trailing twelve months (TTM) ended in Sep. 2014 was 105.4 (Dec. 2013 ) + 214.7 (Mar. 2014 ) + 180.9 (Jun. 2014 ) + 240.4 (Sep. 2014 ) = $741 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).

Enbridge Energy Partners LP's Earnings Yield (Joel Greenblatt) for the quarter that ended in Sep. 2014 is calculated as:

Earnings Yield (Joel Greenblatt) (Q: Sep. 2014 )=Operating Income (TTM)/Enterprise Value (Q: Sep. 2014 )
=741.4/25097.2745
=2.95 %

Enbridge Energy Partners LP's Enterprise Value for the quarter that ended in Sep. 2014 was $25,097 Mil.
Enbridge Energy Partners LP's Operating Income for the trailing twelve months (TTM) ended in Sep. 2014 was 105.4 (Dec. 2013 ) + 214.7 (Mar. 2014 ) + 180.9 (Jun. 2014 ) + 240.4 (Sep. 2014 ) = $741 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.

Enbridge Energy Partners LP Annual Data

Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13
ev2ebit 19.1819.1711.3218.088.4415.1799.4514.7616.8437.51

Enbridge Energy Partners LP Quarterly Data

Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14Jun14Sep14
ev2ebit 15.3213.9916.8423.2222.4031.8137.5125.0232.9533.85
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