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FMC Corporation (NYSE:FMC)
EV/EBIT
15.89 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its EBIT. As of today, FMC Corporation's enterprise value is $10,398 Mil. FMC Corporation's operating income for the trailing twelve months (TTM) ended in Jun. 2014 was $654 Mil. Therefore, FMC Corporation's EV/EBIT ratio for today is 15.89.

FMC' s 10-Year EV/EBIT Range
Min: 6   Max: 21.5
Current: 15.89

6
21.5

During the past 13 years, the highest EV/EBIT Ratio of FMC Corporation was 21.50. The lowest was 6.00. And the median was 13.10.

FMC's EV/EBITis ranked higher than
75% of the 1050 Companies
in the Global Chemicals industry.

( Industry Median: 18.25 vs. FMC: 15.89 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). FMC Corporation's enterprise value for the quarter that ended in Jun. 2014 was $11,072 Mil. FMC Corporation's Operating Income for the trailing twelve months (TTM) ended in Jun. 2014 was $654 Mil. FMC Corporation's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2014 was 5.91%.


Definition

FMC Corporation's EV/EBIT for today is calculated as:

EV/EBIT=Enterprise Value (Today)/Operating Income (TTM)
=10397.997/654.2
=15.89

FMC Corporation's current Enterprise Value is $10,398 Mil.
FMC Corporation's Operating Income for the trailing twelve months (TTM) ended in Jun. 2014 was 118.4 (Sep. 2013 ) + 179.6 (Dec. 2013 ) + 173.3 (Mar. 2014 ) + 182.9 (Jun. 2014 ) = $654 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).

FMC Corporation's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2014 is calculated as:

Earnings Yield (Joel Greenblatt) (Q: Jun. 2014 )=Operating Income (TTM)/Enterprise Value (Q: Jun. 2014 )
=654.2/11071.6912
=5.91 %

FMC Corporation's Enterprise Value for the quarter that ended in Jun. 2014 was $11,072 Mil.
FMC Corporation's Operating Income for the trailing twelve months (TTM) ended in Jun. 2014 was 118.4 (Sep. 2013 ) + 179.6 (Dec. 2013 ) + 173.3 (Mar. 2014 ) + 182.9 (Jun. 2014 ) = $654 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.

FMC Corporation Annual Data

Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13
ev2ebit 11.3210.7913.7220.297.7513.9516.1311.4713.7518.01

FMC Corporation Quarterly Data

Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14Jun14
ev2ebit 13.2112.8012.9813.7513.5514.2917.8718.0118.7616.92
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