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Fortress Investment Group LLC (NYSE:FIG)
EV/EBIT
7.80 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its EBIT. As of today, Fortress Investment Group LLC's enterprise value is $2,820 Mil. Fortress Investment Group LLC's operating income for the trailing twelve months (TTM) ended in Dec. 2013 was $367 Mil. Therefore, Fortress Investment Group LLC's EV/EBIT ratio for today is 7.80.

FIG' s 10-Year EV/EBIT Range
Min: 8.8   Max: 56.8
Current: 7.8

8.8
56.8

During the past 13 years, the highest EV/EBIT Ratio of Fortress Investment Group LLC was 56.80. The lowest was 8.80. And the median was 18.15.

FIG's EV/EBITis ranked higher than
75% of the 990 Companies
in the Global Asset Management industry.

( Industry Median: 13.50 vs. FIG: 7.80 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). Fortress Investment Group LLC's enterprise value for the quarter that ended in Dec. 2013 was $4,622 Mil. Fortress Investment Group LLC's Operating Income for the trailing twelve months (TTM) ended in Dec. 2013 was $367 Mil. Fortress Investment Group LLC's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2013 was 7.95%.


Definition

Fortress Investment Group LLC's EV/EBIT for today is calculated as:

EV/EBIT=Enterprise Value (Today)/Operating Income (TTM)
=2819.691/367.38
=7.68

Fortress Investment Group LLC's current Enterprise Value is $2,820 Mil.
Fortress Investment Group LLC's Operating Income for the trailing twelve months (TTM) ended in Dec. 2013 was 23.744 (Mar. 2013 ) + -26.775 (Jun. 2013 ) + 47.968 (Sep. 2013 ) + 322.443 (Dec. 2013 ) = $367 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).

Fortress Investment Group LLC's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2013 is calculated as:

Earnings Yield (Joel Greenblatt) (Q: Dec. 2013 )=Operating Income (TTM)/Enterprise Value (Q: Dec. 2013 )
=367.38/4622.0518
=7.95 %

Fortress Investment Group LLC's Enterprise Value for the quarter that ended in Dec. 2013 was $4,622 Mil.
Fortress Investment Group LLC's Operating Income for the trailing twelve months (TTM) ended in Dec. 2013 was 23.744 (Mar. 2013 ) + -26.775 (Jun. 2013 ) + 47.968 (Sep. 2013 ) + 322.443 (Dec. 2013 ) = $367 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.

Fortress Investment Group LLC Annual Data

Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13
ev2ebit 0.000.000.000.000.000.000.000.0043.6212.58

Fortress Investment Group LLC Quarterly Data

Sep11Dec11Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13
ev2ebit 0.000.000.000.000.0043.6226.7829.3920.1712.58
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