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Focus Media Holding, Ltd. (NAS:FMCN)
EV/EBIT
9.46 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its Earnings Before Interest and Taxes (EBIT). As of today, Focus Media Holding, Ltd.'s enterprise value is \$2,974.2 Mil. Focus Media Holding, Ltd.'s earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2012 was \$314.3 Mil. Therefore, Focus Media Holding, Ltd.'s EV/EBIT ratio for today is 9.46.

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). Focus Media Holding, Ltd.'s enterprise value for the quarter that ended in Dec. 2012 was \$2,770.6 Mil. Focus Media Holding, Ltd.'s earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2012 was \$314.3 Mil. Focus Media Holding, Ltd.'s Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2012 was 11.35%.

Definition

Focus Media Holding, Ltd.'s EV/EBIT for today is calculated as:

 EV/EBIT = Enterprise Value (Today) / Earnings Before Interest and Taxes (EBIT) (TTM) = 2974.211 / 314.341 = 9.46

Focus Media Holding, Ltd.'s current Enterprise Value is \$2,974.2 Mil.
Focus Media Holding, Ltd.'s Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2012 was 53.494 (Mar. 2012 ) + 63.861 (Jun. 2012 ) + 99.065 (Sep. 2012 ) + 97.921 (Dec. 2012 ) = \$314.3 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).

Focus Media Holding, Ltd.'s Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2012 is calculated as:

 Earnings Yield (Joel Greenblatt) (Q: Dec. 2012 ) = EBIT (TTM) / Enterprise Value (Q: Dec. 2012 ) = 314.341 / 2770.57504 = 11.35 %

Focus Media Holding, Ltd.'s Enterprise Value for the quarter that ended in Dec. 2012 was \$2,770.6 Mil.
Focus Media Holding, Ltd.'s Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2012 was 53.494 (Mar. 2012 ) + 63.861 (Jun. 2012 ) + 99.065 (Sep. 2012 ) + 97.921 (Dec. 2012 ) = \$314.3 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Related Terms

Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Focus Media Holding, Ltd. Annual Data

 Dec03 Dec04 Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 ev2ebit 0.00 0.00 51.14 45.10 20.27 -2.48 -9.26 19.83 9.84 9.03

Focus Media Holding, Ltd. Quarterly Data

 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 ev2ebit 50.20 19.83 21.38 21.39 9.87 9.84 -0.81 -1.14 9.03 9.03
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