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ITT Educational Services, Inc. (NYSE:ESI)
EV/EBIT
0.00 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its EBIT. As of today, ITT Educational Services, Inc.'s enterprise value is $233 Mil. ITT Educational Services, Inc.'s operating income for the trailing twelve months (TTM) ended in Sep. 2013 was $104 Mil. Therefore, ITT Educational Services, Inc.'s EV/EBIT ratio for today is 0.00.

ESI' s 10-Year EV/EBIT Range
Min: 0   Max: 0
Current: 0

ESI's EV/EBITis ranked lower than
51% of the 128 Companies
in the Global Education & Training Services industry.

( Industry Median: 20.93 vs. ESI: 0.00 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). ITT Educational Services, Inc.'s enterprise value for the quarter that ended in Sep. 2013 was $616 Mil. ITT Educational Services, Inc.'s Operating Income for the trailing twelve months (TTM) ended in Sep. 2013 was $104 Mil. ITT Educational Services, Inc.'s Earnings Yield (Joel Greenblatt) for the quarter that ended in Sep. 2013 was 16.89%.


Definition

ITT Educational Services, Inc.'s EV/EBIT for today is calculated as:

EV/EBIT=Enterprise Value (Today)/Operating Income (TTM)
=232.881/104.059
=2.24

ITT Educational Services, Inc.'s current Enterprise Value is $233 Mil.
ITT Educational Services, Inc.'s Operating Income for the trailing twelve months (TTM) ended in Sep. 2013 was -15.969 (Dec. 2012 ) + 52.744 (Mar. 2013 ) + 35.205 (Jun. 2013 ) + 32.079 (Sep. 2013 ) = $104 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).

ITT Educational Services, Inc.'s Earnings Yield (Joel Greenblatt) for the quarter that ended in Sep. 2013 is calculated as:

Earnings Yield (Joel Greenblatt) (Q: Sep. 2013 )=Operating Income (TTM)/Enterprise Value (Q: Sep. 2013 )
=104.059/615.749
=16.90 %

ITT Educational Services, Inc.'s Enterprise Value for the quarter that ended in Sep. 2013 was $616 Mil.
ITT Educational Services, Inc.'s Operating Income for the trailing twelve months (TTM) ended in Sep. 2013 was -15.969 (Dec. 2012 ) + 52.744 (Mar. 2013 ) + 35.205 (Jun. 2013 ) + 32.079 (Sep. 2013 ) = $104 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.

ITT Educational Services, Inc. Annual Data

Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13
ev2ebit 15.4114.1213.9913.3410.556.712.852.481.280.00

ITT Educational Services, Inc. Quarterly Data

Sep11Dec11Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13
ev2ebit 2.522.483.253.381.911.281.423.545.920.00
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