Switch to:
Gray Television Inc (NYSE:GTN)
EV/EBIT
14.75 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its Earnings Before Interest and Taxes (EBIT). As of today, Gray Television Inc's enterprise value is $2,350.4 Mil. Gray Television Inc's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2015 was $159.4 Mil. Therefore, Gray Television Inc's EV/EBIT ratio for today is 14.75.

GTN' s 10-Year EV/EBIT Range
Min: -3.5   Max: 25.1
Current: 12.2

-3.5
25.1

During the past 13 years, the highest EV/EBIT Ratio of Gray Television Inc was 25.10. The lowest was -3.50. And the median was 12.80.

GTN's EV/EBITis ranked higher than
67% of the 261 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 16.60 vs. GTN: 12.20 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). Gray Television Inc's enterprise value for the quarter that ended in Mar. 2015 was $0.0 Mil. Gray Television Inc's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2015 was $159.4 Mil. Gray Television Inc's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2015 was %.


Definition

Gray Television Inc's EV/EBIT for today is calculated as:

EV/EBIT=Enterprise Value (Today)/Earnings Before Interest and Taxes (EBIT) (TTM)
=2350.435/159.365
=14.75

Gray Television Inc's current Enterprise Value is $2,350.4 Mil.
Gray Television Inc's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2015 was 18.292 (Jun. 2014 ) + 41.167 (Sep. 2014 ) + 71.841 (Dec. 2014 ) + 28.065 (Mar. 2015 ) = $159.4 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).

Gray Television Inc's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2015 is calculated as:

Earnings Yield (Joel Greenblatt) (Q: Mar. 2015 )=EBIT (TTM)/Enterprise Value (Q: Mar. 2015 )
=159.365/0
= %

Gray Television Inc's Enterprise Value for the quarter that ended in Mar. 2015 was $0.0 Mil.
Gray Television Inc's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2015 was 18.292 (Jun. 2014 ) + 41.167 (Sep. 2014 ) + 71.841 (Dec. 2014 ) + 28.065 (Mar. 2015 ) = $159.4 Mil.

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

Gray Television Inc Annual Data

Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14
ev2ebit 21.2214.0841.73-3.0724.408.6512.048.6418.8111.71

Gray Television Inc Quarterly Data

Dec12Mar13Jun13Sep13Dec13Mar14Jun14Sep14Dec14Mar15
ev2ebit 8.6410.3913.5916.7718.8115.2121.3215.8811.7111.70
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)

GuruFocus Premium Plus Membership

FEEDBACK