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First Cash Financial Services Inc (NAS:FCFS)
EV/EBIT
14.22 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its Earnings Before Interest and Taxes (EBIT). As of today, First Cash Financial Services Inc's enterprise value is $1,426.0 Mil. First Cash Financial Services Inc's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2016 was $100.3 Mil. Therefore, First Cash Financial Services Inc's EV/EBIT ratio for today is 14.22.

FCFS' s EV/EBIT Range Over the Past 10 Years
Min: 5.4   Max: 20.5
Current: 14.22

5.4
20.5

During the past 13 years, the highest EV/EBIT Ratio of First Cash Financial Services Inc was 20.50. The lowest was 5.40. And the median was 12.20.

FCFS's EV/EBIT is ranked higher than
53% of the 264 Companies
in the Global Credit Services industry.

( Industry Median: 14.95 vs. FCFS: 14.22 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). First Cash Financial Services Inc's enterprise value for the quarter that ended in Mar. 2016 was $1,482.6 Mil. First Cash Financial Services Inc's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2016 was $100.3 Mil. First Cash Financial Services Inc's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2016 was 6.76%.


Definition

First Cash Financial Services Inc's EV/EBIT for today is calculated as:

EV/EBIT=Enterprise Value (Today)/Earnings Before Interest and Taxes (EBIT) (TTM)
=1426.041/100.28
=14.22

First Cash Financial Services Inc's current Enterprise Value is $1,426.0 Mil.
First Cash Financial Services Inc's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2016 was 23.557 (Jun. 2015 ) + 20.57 (Sep. 2015 ) + 32.032 (Dec. 2015 ) + 24.121 (Mar. 2016 ) = $100.3 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).

First Cash Financial Services Inc's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2016 is calculated as:

Earnings Yield (Joel Greenblatt) (Q: Mar. 2016 )=EBIT (TTM)/Enterprise Value (Q: Mar. 2016 )
=100.28/1482.6214
=6.76 %

First Cash Financial Services Inc's Enterprise Value for the quarter that ended in Mar. 2016 was $1,482.6 Mil.
First Cash Financial Services Inc's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2016 was 23.557 (Jun. 2015 ) + 20.57 (Sep. 2015 ) + 32.032 (Dec. 2015 ) + 24.121 (Mar. 2016 ) = $100.3 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their own 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 own currency.

First Cash Financial Services Inc Annual Data

Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15
ev2ebit 20.138.7611.769.6211.219.1812.1915.4413.3411.74

First Cash Financial Services Inc Quarterly Data

Dec13Mar14Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16
ev2ebit 15.4412.8114.1613.9113.3411.3011.7411.5611.7414.78
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