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EMCOR Group, Inc. (NYSE:EME)
EV/EBIT
9.92 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its EBIT. As of today, EMCOR Group, Inc.'s enterprise value is $2,774 Mil. EMCOR Group, Inc.'s operating income for the trailing twelve months (TTM) ended in Sep. 2014 was $280 Mil. Therefore, EMCOR Group, Inc.'s EV/EBIT ratio for today is 9.92.

EME' s 10-Year EV/EBIT Range
Min: -127.2   Max: 39.6
Current: 9.92

-127.2
39.6

During the past 13 years, the highest EV/EBIT Ratio of EMCOR Group, Inc. was 39.60. The lowest was -127.20. And the median was 11.00.

EME's EV/EBITis ranked higher than
79% of the 1209 Companies
in the Global Engineering & Construction industry.

( Industry Median: 15.07 vs. EME: 9.92 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). EMCOR Group, Inc.'s enterprise value for the quarter that ended in Sep. 2014 was $2,518 Mil. EMCOR Group, Inc.'s Operating Income for the trailing twelve months (TTM) ended in Sep. 2014 was $280 Mil. EMCOR Group, Inc.'s Earnings Yield (Joel Greenblatt) for the quarter that ended in Sep. 2014 was 11.10%.


Definition

EMCOR Group, Inc.'s EV/EBIT for today is calculated as:

EV/EBIT=Enterprise Value (Today)/Operating Income (TTM)
=2773.908/279.513
=9.92

EMCOR Group, Inc.'s current Enterprise Value is $2,774 Mil.
EMCOR Group, Inc.'s Operating Income for the trailing twelve months (TTM) ended in Sep. 2014 was 68.806 (Dec. 2013 ) + 69.374 (Mar. 2014 ) + 67.736 (Jun. 2014 ) + 73.597 (Sep. 2014 ) = $280 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).

EMCOR Group, Inc.'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 )
=279.513/2517.9852
=11.10 %

EMCOR Group, Inc.'s Enterprise Value for the quarter that ended in Sep. 2014 was $2,518 Mil.
EMCOR Group, Inc.'s Operating Income for the trailing twelve months (TTM) ended in Sep. 2014 was 68.806 (Dec. 2013 ) + 69.374 (Mar. 2014 ) + 67.736 (Jun. 2014 ) + 73.597 (Sep. 2014 ) = $280 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.

EMCOR Group, Inc. Annual Data

Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13
ev2ebit 16.5311.6512.9714.494.174.62-55.466.827.5113.07

EMCOR Group, Inc. Quarterly Data

Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14Jun14Sep14
ev2ebit 7.146.817.519.8510.0611.7913.0713.5211.119.01
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