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Eastman Chemical Co (NYSE:EMN)
EV/EBIT
11.80 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its Earnings Before Interest and Taxes (EBIT). As of today, Eastman Chemical Co's enterprise value is $16,294 Mil. Eastman Chemical Co's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2016 was $1,381 Mil. Therefore, Eastman Chemical Co's EV/EBIT ratio for today is 11.80.

EMN' s EV/EBIT Range Over the Past 10 Years
Min: 4.6   Max: 19.8
Current: 11.8

4.6
19.8

During the past 13 years, the highest EV/EBIT Ratio of Eastman Chemical Co was 19.80. The lowest was 4.60. And the median was 9.90.

EMN's EV/EBIT is ranked higher than
60% of the 860 Companies
in the Global Chemicals industry.

( Industry Median: 14.18 vs. EMN: 11.80 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). Eastman Chemical Co's enterprise value for the quarter that ended in Jun. 2016 was $16,672 Mil. Eastman Chemical Co's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2016 was $1,381 Mil. Eastman Chemical Co's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2016 was 8.28%.


Definition

Eastman Chemical Co's EV/EBIT for today is calculated as:

EV/EBIT=Enterprise Value (Today)/Earnings Before Interest and Taxes (EBIT) (TTM)
=16293.520/1381
=11.80

Eastman Chemical Co's current Enterprise Value is $16,294 Mil.
Eastman Chemical Co's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2016 was 423 (Sep. 2015 ) + 170 (Dec. 2015 ) + 393 (Mar. 2016 ) + 395 (Jun. 2016 ) = $1,381 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).

Eastman Chemical Co's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2016 is calculated as:

Earnings Yield (Joel Greenblatt) (Q: Jun. 2016 )=EBIT (TTM)/Enterprise Value (Q: Jun. 2016 )
=1381/16671.509
=8.28 %

Eastman Chemical Co's Enterprise Value for the quarter that ended in Jun. 2016 was $16,672 Mil.
Eastman Chemical Co's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2016 was 423 (Sep. 2015 ) + 170 (Dec. 2015 ) + 393 (Mar. 2016 ) + 395 (Jun. 2016 ) = $1,381 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their own 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 own currency.

Eastman Chemical Co Annual Data

Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15
ev2ebit 8.089.876.5415.509.796.4819.238.8215.8812.07

Eastman Chemical Co Quarterly Data

Mar14Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16
ev2ebit 9.549.569.5715.8815.6916.6113.4712.0712.0912.07
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