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FirstCash Inc (NYSE:FCFS)
EV/EBIT
31.17 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its Earnings Before Interest and Taxes (EBIT). As of today, FirstCash Inc's enterprise value is $2,593.8 Mil. FirstCash Inc's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2016 was $83.2 Mil. Therefore, FirstCash Inc's EV/EBIT ratio for today is 31.17.

FCFS' s EV/EBIT Range Over the Past 10 Years
Min: 5.9   Max: 32.99
Current: 31.14

5.9
32.99

During the past 13 years, the highest EV/EBIT Ratio of FirstCash Inc was 32.99. The lowest was 5.90. And the median was 12.50.

FCFS's EV/EBIT is ranked lower than
71% of the 350 Companies
in the Global Credit Services industry.

( Industry Median: 17.19 vs. FCFS: 31.14 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). FirstCash Inc's enterprise value for the quarter that ended in Sep. 2016 was $1,747.8 Mil. FirstCash Inc's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2016 was $83.2 Mil. FirstCash Inc's Earnings Yield (Joel Greenblatt) for the quarter that ended in Sep. 2016 was 4.76%.


Definition

FirstCash Inc's EV/EBIT for today is calculated as:

EV/EBIT=Enterprise Value (Today)/Earnings Before Interest and Taxes (EBIT) (TTM)
=2593.769/83.221
=31.17

FirstCash Inc's current Enterprise Value is $2,593.8 Mil.
FirstCash Inc's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2016 was 32.032 (Dec. 2015 ) + 24.121 (Mar. 2016 ) + 21.572 (Jun. 2016 ) + 5.496 (Sep. 2016 ) = $83.2 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).

FirstCash 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 )
=83.221/1747.7702
=4.76 %

FirstCash Inc's Enterprise Value for the quarter that ended in Sep. 2016 was $1,747.8 Mil.
FirstCash Inc's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2016 was 32.032 (Dec. 2015 ) + 24.121 (Mar. 2016 ) + 21.572 (Jun. 2016 ) + 5.496 (Sep. 2016 ) = $83.2 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.

FirstCash Inc Annual Data

Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15
ev2ebit 20.139.2411.339.6211.219.1812.1915.4413.3411.70

FirstCash Inc Quarterly Data

Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16
ev2ebit 14.1613.9113.3411.3011.7011.5611.7014.7816.7921.00
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