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

EV/EBIT ratio is calculated as enterprise value divided by its Earnings Before Interest and Taxes (EBIT). As of today, FirstEnergy Corp's enterprise value is $37,146 Mil. FirstEnergy Corp's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2016 was $2,101 Mil. Therefore, FirstEnergy Corp's EV/EBIT ratio for today is 17.68.

FE' s EV/EBIT Range Over the Past 10 Years
Min: 7.5   Max: 35.5
Current: 17.69

7.5
35.5

During the past 13 years, the highest EV/EBIT Ratio of FirstEnergy Corp was 35.50. The lowest was 7.50. And the median was 13.60.

FE's EV/EBIT is ranked lower than
65% of the 646 Companies
in the Global Utilities - Diversified industry.

( Industry Median: 14.29 vs. FE: 17.69 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). FirstEnergy Corp's enterprise value for the quarter that ended in Mar. 2016 was $37,490 Mil. FirstEnergy Corp's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2016 was $2,101 Mil. FirstEnergy Corp's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2016 was 5.60%.


Definition

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

EV/EBIT=Enterprise Value (Today)/Earnings Before Interest and Taxes (EBIT) (TTM)
=37145.886/2101
=17.68

FirstEnergy Corp's current Enterprise Value is $37,146 Mil.
FirstEnergy Corp's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2016 was 551 (Jun. 2015 ) + 880 (Sep. 2015 ) + -134 (Dec. 2015 ) + 804 (Mar. 2016 ) = $2,101 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 Mar. 2016 is calculated as:

Earnings Yield (Joel Greenblatt) (Q: Mar. 2016 )=EBIT (TTM)/Enterprise Value (Q: Mar. 2016 )
=2101/37489.8187
=5.60 %

FirstEnergy Corp's Enterprise Value for the quarter that ended in Mar. 2016 was $37,490 Mil.
FirstEnergy Corp's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2016 was 551 (Jun. 2015 ) + 880 (Sep. 2015 ) + -134 (Dec. 2015 ) + 804 (Mar. 2016 ) = $2,101 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.

FirstEnergy Corp Annual Data

Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15
ev2ebit 10.0610.658.1212.7513.4415.1216.3823.0433.8518.54

FirstEnergy Corp Quarterly Data

Dec13Mar14Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16
ev2ebit 23.0426.4221.8519.0133.8527.9423.3220.6618.5417.84
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