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GuruFocus has detected 5 Warning Signs with Statoil ASA $FRA:DNQA.
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Statoil ASA (FRA:DNQA)
EV-to-EBIT
270.53 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its Earnings Before Interest and Taxes (EBIT). As of today, Statoil ASA's enterprise value is €66,558 Mil. Statoil ASA's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2016 was €246 Mil. Therefore, Statoil ASA's EV/EBIT ratio for today is 270.53.

FRA:DNQA' s EV-to-EBIT Range Over the Past 10 Years
Min: 1.2   Max: 213
Current: 194.53

1.2
213

During the past 13 years, the highest EV/EBIT Ratio of Statoil ASA was 213.00. The lowest was 1.20. And the median was 3.60.

FRA:DNQA's EV-to-EBIT is ranked lower than
99.99% of the 133 Companies
in the Global Oil & Gas Integrated industry.

( Industry Median: 12.60 vs. FRA:DNQA: 194.53 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). Statoil ASA's enterprise value for the quarter that ended in Dec. 2016 was €74,229 Mil. Statoil ASA's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2016 was €246 Mil. Statoil ASA's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2016 was 0.33%.


Definition

Statoil ASA's EV/EBIT for today is calculated as:

EV/EBIT=Enterprise Value (Today)/Earnings Before Interest and Taxes (EBIT) (TTM)
=66558.217/246.025927927
=270.53

Statoil ASA's current Enterprise Value is €66,558 Mil.
Statoil ASA's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2016 was 1742.09770115 (Mar. 2016 ) + 417.408330367 (Jun. 2016 ) + 809.052837922 (Sep. 2016 ) + -2722.53294151 (Dec. 2016 ) = €246 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).

Statoil ASA'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 )
=246.025927927/74228.8906887
=0.33 %

Statoil ASA's Enterprise Value for the quarter that ended in Dec. 2016 was €74,229 Mil.
Statoil ASA's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2016 was 1742.09770115 (Mar. 2016 ) + 417.408330367 (Jun. 2016 ) + 809.052837922 (Sep. 2016 ) + -2722.53294151 (Dec. 2016 ) = €246 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.

Statoil ASA Annual Data

Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
ev2ebit 3.782.374.473.822.731.804.034.3765.51210.54

Statoil ASA Quarterly Data

Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16
ev2ebit 4.394.3714.3119.8025.6865.5111.4621.2821.94210.54
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