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Fifth Third Bancorp (NAS:FITB)
EV/EBIT
13.72 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its EBIT. As of today, Fifth Third Bancorp's enterprise value is $28,393 Mil. Fifth Third Bancorp's operating income for the trailing twelve months (TTM) ended in Sep. 2014 was $2,069 Mil. Therefore, Fifth Third Bancorp's EV/EBIT ratio for today is 13.72.

FITB' s 10-Year EV/EBIT Range
Min: -201.3   Max: 126.4
Current: 13.72

-201.3
126.4

During the past 13 years, the highest EV/EBIT Ratio of Fifth Third Bancorp was 126.40. The lowest was -201.30. And the median was 17.60.

FITB's EV/EBITis ranked higher than
79% of the 2626 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 19.80 vs. FITB: 13.72 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). Fifth Third Bancorp's enterprise value for the quarter that ended in Sep. 2014 was $28,375 Mil. Fifth Third Bancorp's Operating Income for the trailing twelve months (TTM) ended in Sep. 2014 was $2,069 Mil. Fifth Third Bancorp's Earnings Yield (Joel Greenblatt) for the quarter that ended in Sep. 2014 was 7.29%.


Definition

Fifth Third Bancorp's EV/EBIT for today is calculated as:

EV/EBIT=Enterprise Value (Today)/Operating Income (TTM)
=28393.100/2069
=13.72

Fifth Third Bancorp's current Enterprise Value is $28,393 Mil.
Fifth Third Bancorp's Operating Income for the trailing twelve months (TTM) ended in Sep. 2014 was 561 (Dec. 2013 ) + 438 (Mar. 2014 ) + 606 (Jun. 2014 ) + 464 (Sep. 2014 ) = $2,069 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).

Fifth Third Bancorp's Earnings Yield (Joel Greenblatt) for the quarter that ended in Sep. 2014 is calculated as:

Earnings Yield (Joel Greenblatt) (Q: Sep. 2014 )=Operating Income (TTM)/Enterprise Value (Q: Sep. 2014 )
=2069/28375.2846
=7.29 %

Fifth Third Bancorp's Enterprise Value for the quarter that ended in Sep. 2014 was $28,375 Mil.
Fifth Third Bancorp's Operating Income for the trailing twelve months (TTM) ended in Sep. 2014 was 561 (Dec. 2013 ) + 438 (Mar. 2014 ) + 606 (Jun. 2014 ) + 464 (Sep. 2014 ) = $2,069 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.

Fifth Third Bancorp Annual Data

Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13
ev2ebit 19.3516.9221.7518.43-9.8522.9124.2911.2610.118.39

Fifth Third Bancorp Quarterly Data

Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14Jun14Sep14
ev2ebit 10.7311.5910.119.548.878.828.3911.9213.9513.71
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