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Freeport-McMoRan Inc (NYSE:FCX)
EV/EBIT
-3.13 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its Earnings Before Interest and Taxes (EBIT). As of today, Freeport-McMoRan Inc's enterprise value is $41,946 Mil. Freeport-McMoRan Inc's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2015 was $-13,382 Mil. Therefore, Freeport-McMoRan Inc's EV/EBIT ratio for today is -3.13.

FCX' s EV/EBIT Range Over the Past 10 Years
Min: -12.2   Max: 511.3
Current: -3.14

-12.2
511.3

During the past 13 years, the highest EV/EBIT Ratio of Freeport-McMoRan Inc was 511.30. The lowest was -12.20. And the median was 6.10.

FCX's EV/EBIT is ranked lower than
99.99% of the 422 Companies
in the Global Copper industry.

( Industry Median: 15.43 vs. FCX: -3.14 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). Freeport-McMoRan Inc's enterprise value for the quarter that ended in Dec. 2015 was $32,855 Mil. Freeport-McMoRan Inc's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2015 was $-13,382 Mil. Freeport-McMoRan Inc's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2015 was -40.73%.


Definition

Freeport-McMoRan Inc's EV/EBIT for today is calculated as:

EV/EBIT=Enterprise Value (Today)/Earnings Before Interest and Taxes (EBIT) (TTM)
=41945.882/-13382
=-3.13

Freeport-McMoRan Inc's current Enterprise Value is $41,946 Mil.
Freeport-McMoRan Inc's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2015 was -2963 (Mar. 2015 ) + -2374 (Jun. 2015 ) + -3945 (Sep. 2015 ) + -4100 (Dec. 2015 ) = $-13,382 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).

Freeport-McMoRan Inc's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2015 is calculated as:

Earnings Yield (Joel Greenblatt) (Q: Dec. 2015 )=EBIT (TTM)/Enterprise Value (Q: Dec. 2015 )
=-13382/32855.42
=-40.73 %

Freeport-McMoRan Inc's Enterprise Value for the quarter that ended in Dec. 2015 was $32,855 Mil.
Freeport-McMoRan Inc's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2015 was -2963 (Mar. 2015 ) + -2374 (Jun. 2015 ) + -3945 (Sep. 2015 ) + -4100 (Dec. 2015 ) = $-13,382 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.

Freeport-McMoRan Inc Annual Data

Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15
ev2ebit 4.197.50-1.636.676.673.996.2011.62482.92-2.46

Freeport-McMoRan Inc Quarterly Data

Dec13Mar14Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16
ev2ebit 11.6211.4010.8711.38482.92-10.99-5.87-2.83-2.460.00
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