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Hovnanian Enterprises Inc (NYSE:HOV)
EV/EBIT
31.09 (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 $2,260 Mil. Hovnanian Enterprises Inc's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jan. 2016 was $73 Mil. Therefore, Hovnanian Enterprises Inc's EV/EBIT ratio for today is 31.09.

HOV' s EV/EBIT Range Over the Past 10 Years
Min: -1238.8   Max: 144.2
Current: 31.08

-1238.8
144.2

During the past 13 years, the highest EV/EBIT Ratio of Hovnanian Enterprises Inc was 144.20. The lowest was -1238.80. And the median was -2.40.

HOV's EV/EBIT is ranked lower than
81% of the 583 Companies
in the Global Residential Construction industry.

( Industry Median: 11.02 vs. HOV: 31.08 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). Hovnanian Enterprises Inc's enterprise value for the quarter that ended in Jan. 2016 was $2,221 Mil. Hovnanian Enterprises Inc's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jan. 2016 was $73 Mil. Hovnanian Enterprises Inc's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jan. 2016 was 3.27%.


Definition

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

EV/EBIT=Enterprise Value (Today)/Earnings Before Interest and Taxes (EBIT) (TTM)
=2260.216/72.71
=31.09

Hovnanian Enterprises Inc's current Enterprise Value is $2,260 Mil.
Hovnanian Enterprises Inc's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Jan. 2016 was -6.451 (Apr. 2015 ) + 12.492 (Jul. 2015 ) + 58.638 (Oct. 2015 ) + 8.031 (Jan. 2016 ) = $73 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 Jan. 2016 is calculated as:

Earnings Yield (Joel Greenblatt) (Q: Jan. 2016 )=EBIT (TTM)/Enterprise Value (Q: Jan. 2016 )
=72.71/2220.5108
=3.27 %

Hovnanian Enterprises Inc's Enterprise Value for the quarter that ended in Jan. 2016 was $2,221 Mil.
Hovnanian Enterprises Inc's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Jan. 2016 was -6.451 (Apr. 2015 ) + 12.492 (Jul. 2015 ) + 58.638 (Oct. 2015 ) + 8.031 (Jan. 2016 ) = $73 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

Oct06Oct07Oct08Oct09Oct10Oct11Oct12Oct13Oct14Oct15
ev2ebit 19.18-5.11-2.05-3.23-8.92-8.88-638.4619.5321.2333.61

Hovnanian Enterprises Inc Quarterly Data

Oct13Jan14Apr14Jul14Oct14Jan15Apr15Jul15Oct15Jan16
ev2ebit 19.5322.9822.7721.8521.2321.6627.0934.7833.6130.54
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