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First United Corp (NAS:FUNC)
EV/EBIT
37.41 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its EBIT. As of today, First United Corp's enterprise value is $265.50 Mil. First United Corp's operating income for the trailing twelve months (TTM) ended in Jun. 2014 was $7.08 Mil. Therefore, First United Corp's EV/EBIT ratio for today is 37.41.

FUNC' s 10-Year EV/EBIT Range
Min: 7.3   Max: 409.8
Current: 37.41

7.3
409.8

During the past 13 years, the highest EV/EBIT Ratio of First United Corp was 409.80. The lowest was 7.30. And the median was 30.00.

FUNC's EV/EBITis ranked higher than
60% of the 1834 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 17.74 vs. FUNC: 37.41 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). First United Corp's enterprise value for the quarter that ended in Jun. 2014 was $242.94 Mil. First United Corp's Operating Income for the trailing twelve months (TTM) ended in Jun. 2014 was $7.08 Mil. First United Corp's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2014 was 2.91%.


Definition

First United Corp's EV/EBIT for today is calculated as:

EV/EBIT=Enterprise Value (Today)/Operating Income (TTM)
=265.504/7.079
=37.51

First United Corp's current Enterprise Value is $265.50 Mil.
First United Corp's Operating Income for the trailing twelve months (TTM) ended in Jun. 2014 was 2.514 (Sep. 2013 ) + 1.215 (Dec. 2013 ) + 1.772 (Mar. 2014 ) + 1.578 (Jun. 2014 ) = $7.08 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).

First United Corp'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 )
=7.079/242.9442
=2.91 %

First United Corp's Enterprise Value for the quarter that ended in Jun. 2014 was $242.94 Mil.
First United Corp's Operating Income for the trailing twelve months (TTM) ended in Jun. 2014 was 2.514 (Sep. 2013 ) + 1.215 (Dec. 2013 ) + 1.772 (Mar. 2014 ) + 1.578 (Jun. 2014 ) = $7.08 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.

First United Corp Annual Data

Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13
ev2ebit 34.5918.7420.4419.8531.420.000.0063.9738.2530.10

First United Corp Quarterly Data

Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14Jun14
ev2ebit 0.00386.2083.7638.2520.3823.6622.7530.1032.6634.32
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