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HCP Inc (NYSE:HCP)
EV/EBIT
33.06 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its EBIT. As of today, HCP Inc's enterprise value is $29,225 Mil. HCP Inc's operating income for the trailing twelve months (TTM) ended in Sep. 2014 was $884 Mil. Therefore, HCP Inc's EV/EBIT ratio for today is 33.06.

HCP' s 10-Year EV/EBIT Range
Min: -362.6   Max: 390.9
Current: 33.06

-362.6
390.9

During the past 13 years, the highest EV/EBIT Ratio of HCP Inc was 390.90. The lowest was -362.60. And the median was 33.00.

HCP's EV/EBITis ranked higher than
73% of the 910 Companies
in the Global REIT - Healthcare Facilities industry.

( Industry Median: 33.38 vs. HCP: 33.06 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). HCP Inc's enterprise value for the quarter that ended in Sep. 2014 was $27,627 Mil. HCP Inc's Operating Income for the trailing twelve months (TTM) ended in Sep. 2014 was $884 Mil. HCP Inc's Earnings Yield (Joel Greenblatt) for the quarter that ended in Sep. 2014 was 3.20%.


Definition

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

EV/EBIT=Enterprise Value (Today)/Operating Income (TTM)
=29225.055/883.99
=33.06

HCP Inc's current Enterprise Value is $29,225 Mil.
HCP Inc's Operating Income for the trailing twelve months (TTM) ended in Sep. 2014 was 219.073 (Dec. 2013 ) + 218.865 (Mar. 2014 ) + 208.217 (Jun. 2014 ) + 237.835 (Sep. 2014 ) = $884 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).

HCP Inc's Earnings Yield (Joel Greenblatt) for the quarter that ended in Sep. 2014 is calculated as:

Earnings Yield (Joel Greenblatt) (Q: Sep. 2014 )=Operating Income (TTM)/Enterprise Value (Q: Sep. 2014 )
=883.99/27627.0015
=3.20 %

HCP Inc's Enterprise Value for the quarter that ended in Sep. 2014 was $27,627 Mil.
HCP Inc's Operating Income for the trailing twelve months (TTM) ended in Sep. 2014 was 219.073 (Dec. 2013 ) + 218.865 (Mar. 2014 ) + 208.217 (Jun. 2014 ) + 237.835 (Sep. 2014 ) = $884 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.

HCP Inc Annual Data

Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13
ev2ebit 17.1865.96199.5250.2123.7761.0630.7535.1938.7030.18

HCP Inc Quarterly Data

Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14Jun14Sep14
ev2ebit 33.0632.9338.7040.2737.6133.3230.1831.1432.3931.25
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