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Energy Transfer Partners LP (NYSE:ETP)
EV/EBIT
23.64 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its EBIT. As of today, Energy Transfer Partners LP's enterprise value is $45,888 Mil. Energy Transfer Partners LP's operating income for the trailing twelve months (TTM) ended in Sep. 2014 was $1,941 Mil. Therefore, Energy Transfer Partners LP's EV/EBIT ratio for today is 23.64.

ETP' s 10-Year EV/EBIT Range
Min: 8.1   Max: 28.8
Current: 23.5

8.1
28.8

During the past 13 years, the highest EV/EBIT Ratio of Energy Transfer Partners LP was 28.80. The lowest was 8.10. And the median was 15.60.

ETP's EV/EBITis ranked higher than
81% of the 184 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 26.30 vs. ETP: 23.50 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). Energy Transfer Partners LP's enterprise value for the quarter that ended in Sep. 2014 was $45,698 Mil. Energy Transfer Partners LP's Operating Income for the trailing twelve months (TTM) ended in Sep. 2014 was $1,941 Mil. Energy Transfer Partners LP's Earnings Yield (Joel Greenblatt) for the quarter that ended in Sep. 2014 was 4.25%.


Definition

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

EV/EBIT=Enterprise Value (Today)/Operating Income (TTM)
=45887.700/1941
=23.64

Energy Transfer Partners LP's current Enterprise Value is $45,888 Mil.
Energy Transfer Partners LP's Operating Income for the trailing twelve months (TTM) ended in Sep. 2014 was -151 (Dec. 2013 ) + 688 (Mar. 2014 ) + 736 (Jun. 2014 ) + 668 (Sep. 2014 ) = $1,941 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).

Energy Transfer 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 )
=1941/45697.98
=4.25 %

Energy Transfer Partners LP's Enterprise Value for the quarter that ended in Sep. 2014 was $45,698 Mil.
Energy Transfer Partners LP's Operating Income for the trailing twelve months (TTM) ended in Sep. 2014 was -151 (Dec. 2013 ) + 688 (Mar. 2014 ) + 736 (Jun. 2014 ) + 668 (Sep. 2014 ) = $1,941 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.

Energy Transfer Partners LP Annual Data

Aug04Aug05Aug06Aug07Dec08Dec09Dec10Dec11Dec12Dec13
ev2ebit 23.3117.7712.2612.969.6112.6015.5015.0126.3831.75

Energy Transfer Partners LP Quarterly Data

Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14Jun14Sep14
ev2ebit 16.9415.9826.3823.1720.1318.5631.7522.7022.2623.54
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