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Express Scripts (NAS:ESRX)
EV/EBIT
18.56 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its EBIT. As of today, Express Scripts's enterprise value is $62,920 Mil. Express Scripts's operating income for the trailing twelve months (TTM) ended in Mar. 2014 was $3,404 Mil. Therefore, Express Scripts's EV/EBIT ratio for today is 18.56.

ESRX' s 10-Year EV/EBIT Range
Min: 8.9   Max: 30.4
Current: 18.56

8.9
30.4

During the past 13 years, the highest EV/EBIT Ratio of Express Scripts was 30.40. The lowest was 8.90. And the median was 15.40.

ESRX's EV/EBITis ranked higher than
61% of the 36 Companies
in the Global Health Care Plans industry.

( Industry Median: 11.15 vs. ESRX: 18.56 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). Express Scripts's enterprise value for the quarter that ended in Mar. 2014 was $70,029 Mil. Express Scripts's Operating Income for the trailing twelve months (TTM) ended in Mar. 2014 was $3,404 Mil. Express Scripts's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2014 was 4.86%.


Definition

Express Scripts's EV/EBIT for today is calculated as:

EV/EBIT=Enterprise Value (Today)/Operating Income (TTM)
=62919.800/3403.8
=18.49

Express Scripts's current Enterprise Value is $62,920 Mil.
Express Scripts's Operating Income for the trailing twelve months (TTM) ended in Mar. 2014 was 990.3 (Jun. 2013 ) + 875.5 (Sep. 2013 ) + 828.8 (Dec. 2013 ) + 709.2 (Mar. 2014 ) = $3,404 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).

Express Scripts's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2014 is calculated as:

Earnings Yield (Joel Greenblatt) (Q: Mar. 2014 )=Operating Income (TTM)/Enterprise Value (Q: Mar. 2014 )
=3403.8/70029.0222
=4.86 %

Express Scripts's Enterprise Value for the quarter that ended in Mar. 2014 was $70,029 Mil.
Express Scripts's Operating Income for the trailing twelve months (TTM) ended in Mar. 2014 was 990.3 (Jun. 2013 ) + 875.5 (Sep. 2013 ) + 828.8 (Dec. 2013 ) + 709.2 (Mar. 2014 ) = $3,404 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.

Express Scripts Annual Data

Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13
ev2ebit 12.3220.6113.3418.8611.5917.7114.7310.4220.5118.74

Express Scripts Quarterly Data

Dec11Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14
ev2ebit 10.4212.1427.5827.0220.5119.4017.7517.2018.7420.57
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