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FirstEnergy Corp (NYSE:FE)
EV/EBIT
20.18 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its EBIT. As of today, FirstEnergy Corp's enterprise value is $36,681 Mil. FirstEnergy Corp's operating income for the trailing twelve months (TTM) ended in Sep. 2014 was $1,818 Mil. Therefore, FirstEnergy Corp's EV/EBIT ratio for today is 20.18.

FE' s 10-Year EV/EBIT Range
Min: 6.7   Max: 31.5
Current: 20.18

6.7
31.5

During the past 13 years, the highest EV/EBIT Ratio of FirstEnergy Corp was 31.50. The lowest was 6.70. And the median was 14.20.

FE's EV/EBITis ranked higher than
75% of the 986 Companies
in the Global Utilities - Diversified industry.

( Industry Median: 17.91 vs. FE: 20.18 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). FirstEnergy Corp's enterprise value for the quarter that ended in Sep. 2014 was $35,723 Mil. FirstEnergy Corp's Operating Income for the trailing twelve months (TTM) ended in Sep. 2014 was $1,818 Mil. FirstEnergy Corp's Earnings Yield (Joel Greenblatt) for the quarter that ended in Sep. 2014 was 5.09%.


Definition

FirstEnergy Corp's EV/EBIT for today is calculated as:

EV/EBIT=Enterprise Value (Today)/Operating Income (TTM)
=36680.700/1818
=20.18

FirstEnergy Corp's current Enterprise Value is $36,681 Mil.
FirstEnergy Corp's Operating Income for the trailing twelve months (TTM) ended in Sep. 2014 was 412 (Dec. 2013 ) + 398 (Mar. 2014 ) + 292 (Jun. 2014 ) + 716 (Sep. 2014 ) = $1,818 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).

FirstEnergy Corp's Earnings Yield (Joel Greenblatt) for the quarter that ended in Sep. 2014 is calculated as:

Earnings Yield (Joel Greenblatt) (Q: Sep. 2014 )=Operating Income (TTM)/Enterprise Value (Q: Sep. 2014 )
=1818/35723.1981
=5.09 %

FirstEnergy Corp's Enterprise Value for the quarter that ended in Sep. 2014 was $35,723 Mil.
FirstEnergy Corp's Operating Income for the trailing twelve months (TTM) ended in Sep. 2014 was 412 (Dec. 2013 ) + 398 (Mar. 2014 ) + 292 (Jun. 2014 ) + 716 (Sep. 2014 ) = $1,818 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.

FirstEnergy Corp Annual Data

Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13
ev2ebit 10.9012.7214.4113.4411.5415.0213.8521.0116.7521.27

FirstEnergy Corp Quarterly Data

Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14Jun14Sep14
ev2ebit 17.7817.7516.7518.2123.1630.5921.2726.0922.3419.65
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