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FirstEnergy Corp (NYSE:FE)
EV/EBIT
27.35 (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 $36,403 Mil. FirstEnergy Corp's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2015 was $1,331 Mil. Therefore, FirstEnergy Corp's EV/EBIT ratio for today is 27.35.

FE' s 10-Year EV/EBIT Range
Min: 9.4   Max: 36.9
Current: 27.2

9.4
36.9

During the past 13 years, the highest EV/EBIT Ratio of FirstEnergy Corp was 36.90. The lowest was 9.40. And the median was 15.50.

FE's EV/EBITis ranked lower than
80% of the 485 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 14.70 vs. FE: 27.20 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). FirstEnergy Corp's enterprise value for the quarter that ended in Mar. 2015 was $37,184 Mil. FirstEnergy Corp's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2015 was $1,331 Mil. FirstEnergy Corp's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2015 was 3.58%.


Definition

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

EV/EBIT=Enterprise Value (Today)/Earnings Before Interest and Taxes (EBIT) (TTM)
=36403.496/1331
=27.35

FirstEnergy Corp's current Enterprise Value is $36,403 Mil.
FirstEnergy Corp's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2015 was 320 (Jun. 2014 ) + 732 (Sep. 2014 ) + -332 (Dec. 2014 ) + 611 (Mar. 2015 ) = $1,331 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. 2015 is calculated as:

Earnings Yield (Joel Greenblatt) (Q: Mar. 2015 )=EBIT (TTM)/Enterprise Value (Q: Mar. 2015 )
=1331/37184.3718
=3.58 %

FirstEnergy Corp's Enterprise Value for the quarter that ended in Mar. 2015 was $37,184 Mil.
FirstEnergy Corp's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2015 was 320 (Jun. 2014 ) + 732 (Sep. 2014 ) + -332 (Dec. 2014 ) + 611 (Mar. 2015 ) = $1,331 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

Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14
ev2ebit 11.9211.1411.649.8112.7513.4414.9916.2523.0433.85

FirstEnergy Corp Quarterly Data

Dec12Mar13Jun13Sep13Dec13Mar14Jun14Sep14Dec14Mar15
ev2ebit 16.2518.6024.6633.9523.0426.4221.8519.0133.8527.94
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