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Hovnanian Enterprises Inc (NYSE:HOV)
EV/EBIT
24.85 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its Earnings Before Interest and Taxes (EBIT). As of today, Hovnanian Enterprises Inc's enterprise value is $2,258 Mil. Hovnanian Enterprises Inc's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Apr. 2015 was $91 Mil. Therefore, Hovnanian Enterprises Inc's EV/EBIT ratio for today is 24.85.

HOV' s 10-Year EV/EBIT Range
Min: -56.9   Max: 531.8
Current: 24.83

-56.9
531.8

During the past 13 years, the highest EV/EBIT Ratio of Hovnanian Enterprises Inc was 531.80. The lowest was -56.90. And the median was 5.85.

HOV's EV/EBITis ranked lower than
73% of the 495 Companies
in the Global Residential Construction industry.

( Industry Median: 13.17 vs. HOV: 24.83 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). Hovnanian Enterprises Inc's enterprise value for the quarter that ended in Apr. 2015 was $2,462 Mil. Hovnanian Enterprises Inc's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Apr. 2015 was $91 Mil. Hovnanian Enterprises Inc's Earnings Yield (Joel Greenblatt) for the quarter that ended in Apr. 2015 was 3.69%.


Definition

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

EV/EBIT=Enterprise Value (Today)/Earnings Before Interest and Taxes (EBIT) (TTM)
=2258.080/90.881
=24.85

Hovnanian Enterprises Inc's current Enterprise Value is $2,258 Mil.
Hovnanian Enterprises Inc's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Apr. 2015 was 35.252 (Jul. 2014 ) + 56.689 (Oct. 2014 ) + 5.391 (Jan. 2015 ) + -6.451 (Apr. 2015 ) = $91 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).

Hovnanian Enterprises Inc's Earnings Yield (Joel Greenblatt) for the quarter that ended in Apr. 2015 is calculated as:

Earnings Yield (Joel Greenblatt) (Q: Apr. 2015 )=EBIT (TTM)/Enterprise Value (Q: Apr. 2015 )
=90.881/2461.5894
=3.69 %

Hovnanian Enterprises Inc's Enterprise Value for the quarter that ended in Apr. 2015 was $2,462 Mil.
Hovnanian Enterprises Inc's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Apr. 2015 was 35.252 (Jul. 2014 ) + 56.689 (Oct. 2014 ) + 5.391 (Jan. 2015 ) + -6.451 (Apr. 2015 ) = $91 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.

Hovnanian Enterprises Inc Annual Data

Oct05Oct06Oct07Oct08Oct09Oct10Oct11Oct12Oct13Oct14
ev2ebit 5.6119.18-5.11-2.05-3.23-8.92-8.88-638.4619.5321.17

Hovnanian Enterprises Inc Quarterly Data

Jan13Apr13Jul13Oct13Jan14Apr14Jul14Oct14Jan15Apr15
ev2ebit -509.06-197.41-1,139.0419.5322.9822.7721.8521.1721.6627.09
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