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GuruFocus has detected 5 Warning Signs with Forest City Realty Trust Inc $FCE.A.
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Forest City Realty Trust Inc (NYSE:FCE.A)
EV-to-EBIT
23.16 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its Earnings Before Interest and Taxes (EBIT). As of today, Forest City Realty Trust Inc's enterprise value is $9,575.5 Mil. Forest City Realty Trust Inc's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2016 was $413.4 Mil. Therefore, Forest City Realty Trust Inc's EV/EBIT ratio for today is 23.16.

FCE.A' s EV-to-EBIT Range Over the Past 10 Years
Min: -59.5   Max: 269.1
Current: 23.16

-59.5
269.1

During the past 13 years, the highest EV/EBIT Ratio of Forest City Realty Trust Inc was 269.10. The lowest was -59.50. And the median was 34.90.

FCE.A's EV-to-EBIT is ranked lower than
57% of the 822 Companies
in the Global REIT - Retail industry.

( Industry Median: 20.61 vs. FCE.A: 23.16 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). Forest City Realty Trust Inc's enterprise value for the quarter that ended in Dec. 2016 was $9,318.3 Mil. Forest City Realty Trust Inc's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2016 was $413.4 Mil. Forest City Realty Trust Inc's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2016 was 4.44%.


Definition

Forest City Realty Trust Inc's EV/EBIT for today is calculated as:

EV/EBIT=Enterprise Value (Today)/Earnings Before Interest and Taxes (EBIT) (TTM)
=9575.504/413.424
=23.16

Forest City Realty Trust Inc's current Enterprise Value is $9,575.5 Mil.
Forest City Realty Trust Inc's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2016 was 208.324 (Mar. 2016 ) + 61.609 (Jun. 2016 ) + -409.061 (Sep. 2016 ) + 552.552 (Dec. 2016 ) = $413.4 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's 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).

Forest City Realty Trust Inc's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2016 is calculated as:

Earnings Yield (Joel Greenblatt) (Q: Dec. 2016 )=EBIT (TTM)/Enterprise Value (Q: Dec. 2016 )
=413.424/9318.3096
=4.44 %

Forest City Realty Trust Inc's Enterprise Value for the quarter that ended in Dec. 2016 was $9,318.3 Mil.
Forest City Realty Trust Inc's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2016 was 208.324 (Mar. 2016 ) + 61.609 (Jun. 2016 ) + -409.061 (Sep. 2016 ) + 552.552 (Dec. 2016 ) = $413.4 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's 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 local exchange's currency.

Forest City Realty Trust Inc Annual Data

Jan07Jan08Jan09Jan10Jan11Jan12Jan13Dec14Dec15Dec16
ev2ebit 39.6934.6335.2931.7122.7175.5155.63103.76123.7822.54

Forest City Realty Trust Inc Quarterly Data

Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16
ev2ebit 40.15103.76276.6915.3139.61123.7831.01-57.26-55.0122.54
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