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Forest City Enterprises Inc (NYSE:FCE.A)
EV/EBIT
-28.25 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its EBIT. As of today, Forest City Enterprises Inc's enterprise value is $8,999 Mil. Forest City Enterprises Inc's operating income for the trailing twelve months (TTM) ended in Jun. 2014 was $-318 Mil. Therefore, Forest City Enterprises Inc's EV/EBIT ratio for today is -28.25.

FCE.A' s 10-Year EV/EBIT Range
Min: 14.3   Max: 175.8
Current: -28.25

14.3
175.8

During the past 13 years, the highest EV/EBIT Ratio of Forest City Enterprises Inc was 175.80. The lowest was 14.30. And the median was 44.35.

FCE.A's EV/EBITis ranked lower than
51% of the 1536 Companies
in the Global Real Estate - General industry.

( Industry Median: 23.78 vs. FCE.A: -28.25 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). Forest City Enterprises Inc's enterprise value for the quarter that ended in Jun. 2014 was $8,784 Mil. Forest City Enterprises Inc's Operating Income for the trailing twelve months (TTM) ended in Jun. 2014 was $-318 Mil. Forest City Enterprises Inc's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2014 was 0.00%.


Definition

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

EV/EBIT=Enterprise Value (Today)/Operating Income (TTM)
=8999.292/-318.019
=

Forest City Enterprises Inc's current Enterprise Value is $8,999 Mil.
Forest City Enterprises Inc's Operating Income for the trailing twelve months (TTM) ended in Jun. 2014 was -7.561 (Jul. 2013 ) + -229.283 (Oct. 2013 ) + 25.075 (Mar. 2014 ) + -106.25 (Jun. 2014 ) = $-318 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).

Forest City Enterprises Inc's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2014 is calculated as:

Earnings Yield (Joel Greenblatt) (Q: Jun. 2014 )=Operating Income (TTM)/Enterprise Value (Q: Jun. 2014 )
=-318.019/8783.9433
= %

Forest City Enterprises Inc's Enterprise Value for the quarter that ended in Jun. 2014 was $8,784 Mil.
Forest City Enterprises Inc's Operating Income for the trailing twelve months (TTM) ended in Jun. 2014 was -7.561 (Jul. 2013 ) + -229.283 (Oct. 2013 ) + 25.075 (Mar. 2014 ) + -106.25 (Jun. 2014 ) = $-318 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.

Forest City Enterprises Inc Annual Data

Jan04Jan05Jan06Jan07Jan08Jan09Jan10Jan11Jan12Jan13
ev2ebit 43.9839.2140.5146.9342.7538.4842.8646.63105.7266.43

Forest City Enterprises Inc Quarterly Data

Apr12Jul12Oct12Jan13Mar13Apr13Jul13Oct13Mar14Jun14
ev2ebit 129.47143.00166.9766.4337.30120.25171.650.000.000.00
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