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Frontline Ltd (NYSE:FRO)
EV/EBIT
11.75 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its Earnings Before Interest and Taxes (EBIT). As of today, Frontline Ltd's enterprise value is $2,454.0 Mil. Frontline Ltd's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2016 was $208.8 Mil. Therefore, Frontline Ltd's EV/EBIT ratio for today is 11.75.

FRO' s EV/EBIT Range Over the Past 10 Years
Min: -55.5   Max: 68.4
Current: 11.74

-55.5
68.4

During the past 13 years, the highest EV/EBIT Ratio of Frontline Ltd was 68.40. The lowest was -55.50. And the median was 7.70.

FRO's EV/EBIT is ranked higher than
63% of the 648 Companies
in the Global Shipping & Ports industry.

( Industry Median: 14.15 vs. FRO: 11.74 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). Frontline Ltd's enterprise value for the quarter that ended in Sep. 2016 was $2,446.2 Mil. Frontline Ltd's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2016 was $208.8 Mil. Frontline Ltd's Earnings Yield (Joel Greenblatt) for the quarter that ended in Sep. 2016 was 8.54%.


Definition

Frontline Ltd's EV/EBIT for today is calculated as:

EV/EBIT=Enterprise Value (Today)/Earnings Before Interest and Taxes (EBIT) (TTM)
=2453.972/208.792
=11.75

Frontline Ltd's current Enterprise Value is $2,454.0 Mil.
Frontline Ltd's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2016 was 67.076 (Dec. 2015 ) + 92.972 (Mar. 2016 ) + 28.345 (Jun. 2016 ) + 20.399 (Sep. 2016 ) = $208.8 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).

Frontline Ltd's Earnings Yield (Joel Greenblatt) for the quarter that ended in Sep. 2016 is calculated as:

Earnings Yield (Joel Greenblatt) (Q: Sep. 2016 )=EBIT (TTM)/Enterprise Value (Q: Sep. 2016 )
=208.792/2446.2253
=8.54 %

Frontline Ltd's Enterprise Value for the quarter that ended in Sep. 2016 was $2,446.2 Mil.
Frontline Ltd's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2016 was 67.076 (Dec. 2015 ) + 92.972 (Mar. 2016 ) + 28.345 (Jun. 2016 ) + 20.399 (Sep. 2016 ) = $208.8 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.

Frontline Ltd Annual Data

Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15
ev2ebit 6.598.095.8517.7714.81-4.34-18.5318.656.1312.42

Frontline Ltd Quarterly Data

Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16
ev2ebit 11.9311.026.135.502.502.2312.427.969.9911.72
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