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GuruFocus has detected 5 Warning Signs with Forest City Realty Trust Inc $FCE.B.
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Forest City Realty Trust Inc (NYSE:FCE.B)
EV-to-EBIT
-54.43 (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 $9,814.6 Mil. Forest City Realty Trust Inc's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2016 was $-180.3 Mil. Therefore, Forest City Realty Trust Inc's EV/EBIT ratio for today is -54.43.

During the past 13 years, the highest EV/EBIT Ratio of Forest City Realty Trust Inc was 236.50. The lowest was -59.80. And the median was 35.05.

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 Sep. 2016 was $9,951.6 Mil. Forest City Realty Trust Inc's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2016 was $-180.3 Mil. Forest City Realty Trust Inc's Earnings Yield (Joel Greenblatt) for the quarter that ended in Sep. 2016 was -1.81%.


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)
=9814.615/-180.323
=-54.43

Forest City Realty Trust Inc's current Enterprise Value is $9,814.6 Mil.
Forest City Realty Trust Inc's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2016 was -41.195 (Dec. 2015 ) + 208.324 (Mar. 2016 ) + 61.609 (Jun. 2016 ) + -409.061 (Sep. 2016 ) = $-180.3 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 Sep. 2016 is calculated as:

Earnings Yield (Joel Greenblatt) (Q: Sep. 2016 )=EBIT (TTM)/Enterprise Value (Q: Sep. 2016 )
=-180.323/9951.5672
=-1.81 %

Forest City Realty Trust Inc's Enterprise Value for the quarter that ended in Sep. 2016 was $9,951.6 Mil.
Forest City Realty Trust Inc's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2016 was -41.195 (Dec. 2015 ) + 208.324 (Mar. 2016 ) + 61.609 (Jun. 2016 ) + -409.061 (Sep. 2016 ) = $-180.3 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

Jan06Jan07Jan08Jan09Jan10Jan11Jan12Jan13Dec14Dec15
ev2ebit 30.3639.6934.6335.2931.7122.7175.5155.6397.84123.38

Forest City Realty Trust Inc Quarterly Data

Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16
ev2ebit 41.6240.1597.84243.2215.1938.82123.3830.94-57.49-55.22
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