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Health Management Associates, Inc. (NYSE:HMA)
EV/EBIT
0.00 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its EBIT. As of today, Health Management Associates, Inc.'s enterprise value is $0 Mil. Health Management Associates, Inc.'s operating income for the trailing twelve months (TTM) ended in Sep. 2013 was $-23 Mil. Therefore, Health Management Associates, Inc.'s EV/EBIT ratio for today is 0.00.

HMA' s 10-Year EV/EBIT Range
Min: 0   Max: 0
Current: 0

HMA's EV/EBITis ranked higher than
53% of the 263 Companies
in the Global Medical Care industry.

( Industry Median: 25.93 vs. HMA: 0.00 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). Health Management Associates, Inc.'s enterprise value for the quarter that ended in Sep. 2013 was $6,914 Mil. Health Management Associates, Inc.'s Operating Income for the trailing twelve months (TTM) ended in Sep. 2013 was $-23 Mil. Health Management Associates, Inc.'s Earnings Yield (Joel Greenblatt) for the quarter that ended in Sep. 2013 was 0.00%.


Definition

Health Management Associates, Inc.'s EV/EBIT for today is calculated as:

EV/EBIT=Enterprise Value (Today)/Operating Income (TTM)
=0.000/-23.436
=

Health Management Associates, Inc.'s current Enterprise Value is $0 Mil.
Health Management Associates, Inc.'s Operating Income for the trailing twelve months (TTM) ended in Sep. 2013 was 65.54 (Dec. 2012 ) + 40.768 (Mar. 2013 ) + 9.112 (Jun. 2013 ) + -138.856 (Sep. 2013 ) = $-23 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).

Health Management Associates, Inc.'s Earnings Yield (Joel Greenblatt) for the quarter that ended in Sep. 2013 is calculated as:

Earnings Yield (Joel Greenblatt) (Q: Sep. 2013 )=Operating Income (TTM)/Enterprise Value (Q: Sep. 2013 )
=-23.436/6914.022
= %

Health Management Associates, Inc.'s Enterprise Value for the quarter that ended in Sep. 2013 was $6,914 Mil.
Health Management Associates, Inc.'s Operating Income for the trailing twelve months (TTM) ended in Sep. 2013 was 65.54 (Dec. 2012 ) + 40.768 (Mar. 2013 ) + 9.112 (Jun. 2013 ) + -138.856 (Sep. 2013 ) = $-23 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.

Health Management Associates, Inc. Annual Data

Sep03Sep04Sep05Dec06Dec07Dec08Dec09Dec10Dec11Dec12
ev2ebit 12.0710.6511.6218.5011.428.9510.6010.6717.0220.67

Health Management Associates, Inc. Quarterly Data

Jun11Sep11Dec11Mar12Jun12Sep12Dec12Mar13Jun13Sep13
ev2ebit 10.559.3617.0222.6834.0151.5620.6727.2341.270.00
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