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First Trust Energy Income & Growth Fund (AMEX:FEN)
EV/EBIT
-234.06 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its EBIT. As of today, First Trust Energy Income & Growth Fund's enterprise value is $867.89 Mil. First Trust Energy Income & Growth Fund's operating income for the trailing twelve months (TTM) ended in May. 2014 was $-3.71 Mil. Therefore, First Trust Energy Income & Growth Fund's EV/EBIT ratio for today is -234.06.

FEN' s 10-Year EV/EBIT Range
Min: 0   Max: 0
Current: -234.68

FEN's EV/EBITis ranked lower than
51% of the 1818 Companies
in the Global Asset Management industry.

( Industry Median: 23.00 vs. FEN: -234.68 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). First Trust Energy Income & Growth Fund's enterprise value for the quarter that ended in May. 2014 was $883.39 Mil. First Trust Energy Income & Growth Fund's Operating Income for the trailing twelve months (TTM) ended in May. 2014 was $-3.71 Mil. First Trust Energy Income & Growth Fund's Earnings Yield (Joel Greenblatt) for the quarter that ended in May. 2014 was -0.42%.


Definition

First Trust Energy Income & Growth Fund's EV/EBIT for today is calculated as:

EV/EBIT=Enterprise Value (Today)/Operating Income (TTM)
=867.893/-3.708
=-234.06

First Trust Energy Income & Growth Fund's current Enterprise Value is $867.89 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. First Trust Energy Income & Growth Fund's Operating Income for the trailing twelve months (TTM) ended in May. 2014 was $-3.71 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).

First Trust Energy Income & Growth Fund's Earnings Yield (Joel Greenblatt) for the quarter that ended in May. 2014 is calculated as:

Earnings Yield (Joel Greenblatt) (Q: May. 2014 )=Operating Income (TTM)/Enterprise Value (Q: May. 2014 )
=-3.708/883.3872
=-0.42 %

First Trust Energy Income & Growth Fund's Enterprise Value for the quarter that ended in May. 2014 was $883.39 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. First Trust Energy Income & Growth Fund's Operating Income for the trailing twelve months (TTM) ended in May. 2014 was $-3.71 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.

First Trust Energy Income & Growth Fund Annual Data

Nov10Nov11Nov12Nov13
ev2ebit 0.000.000.000.000.000.000.00-174.67-681.46-224.45

First Trust Energy Income & Growth Fund Semi-Annual Data

May10Nov10May11Nov11May12Nov12May13Nov13May14
ev2ebit 0.000.000.000.00-174.670.00-681.460.00-224.450.00
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