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GuruFocus has detected 5 Warning Signs with Fortress Investment Group LLC $FIG.
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Fortress Investment Group LLC (NYSE:FIG)
EV-to-EBIT
14.55 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its Earnings Before Interest and Taxes (EBIT). As of today, Fortress Investment Group LLC's enterprise value is $3,195 Mil. Fortress Investment Group LLC's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2016 was $220 Mil. Therefore, Fortress Investment Group LLC's EV/EBIT ratio for today is 14.55.

FIG' s EV-to-EBIT Range Over the Past 10 Years
Min: -18.1   Max: 42.1
Current: 14.55

-18.1
42.1

During the past 13 years, the highest EV/EBIT Ratio of Fortress Investment Group LLC was 42.10. The lowest was -18.10. And the median was 4.30.

FIG's EV-to-EBIT is ranked lower than
59% of the 1352 Companies
in the Global Asset Management industry.

( Industry Median: 11.46 vs. FIG: 14.55 )

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. 2016 was $1,986 Mil. Fortress Investment Group LLC's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2016 was $220 Mil. Fortress Investment Group LLC's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2016 was 11.06%.


Definition

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

EV/EBIT=Enterprise Value (Today)/Earnings Before Interest and Taxes (EBIT) (TTM)
=3195.326/219.65
=14.55

Fortress Investment Group LLC's current Enterprise Value is $3,195 Mil.
Fortress Investment Group LLC's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2016 was -12.132 (Mar. 2016 ) + -19.537 (Jun. 2016 ) + 67.994 (Sep. 2016 ) + 183.325 (Dec. 2016 ) = $220 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's 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. 2016 is calculated as:

Earnings Yield (Joel Greenblatt) (Q: Dec. 2016 )=EBIT (TTM)/Enterprise Value (Q: Dec. 2016 )
=219.65/1985.663
=11.06 %

Fortress Investment Group LLC's Enterprise Value for the quarter that ended in Dec. 2016 was $1,986 Mil.
Fortress Investment Group LLC's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2016 was -12.132 (Mar. 2016 ) + -19.537 (Jun. 2016 ) + 67.994 (Sep. 2016 ) + 183.325 (Dec. 2016 ) = $220 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's 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 local exchange's currency.

Fortress Investment Group LLC Annual Data

Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
ev2ebit -27.54-0.20-2.87-4.61-2.059.818.3312.669.219.04

Fortress Investment Group LLC Quarterly Data

Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16
ev2ebit 8.4012.6610.0911.8210.089.2115.2016.349.029.04
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