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Harbinger Group, Inc. (NYSE:HRG)
EV/EBIT
8.02 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its EBIT. As of today, Harbinger Group, Inc.'s enterprise value is $5,624 Mil. Harbinger Group, Inc.'s operating income for the trailing twelve months (TTM) ended in Dec. 2013 was $701 Mil. Therefore, Harbinger Group, Inc.'s EV/EBIT ratio for today is 8.02.

HRG' s 10-Year EV/EBIT Range
Min: 0.7   Max: 345.9
Current: 8.02

0.7
345.9

During the past 13 years, the highest EV/EBIT Ratio of Harbinger Group, Inc. was 345.90. The lowest was 0.70. And the median was 8.80.

HRG's EV/EBITis ranked higher than
82% of the 440 Companies
in the Global Conglomerates industry.

( Industry Median: 15.63 vs. HRG: 8.02 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). Harbinger Group, Inc.'s enterprise value for the quarter that ended in Dec. 2013 was $6,273 Mil. Harbinger Group, Inc.'s Operating Income for the trailing twelve months (TTM) ended in Dec. 2013 was $701 Mil. Harbinger Group, Inc.'s Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2013 was 11.19%.


Definition

Harbinger Group, Inc.'s EV/EBIT for today is calculated as:

EV/EBIT=Enterprise Value (Today)/Operating Income (TTM)
=5624.093/701.3
=8.02

Harbinger Group, Inc.'s current Enterprise Value is $5,624 Mil.
Harbinger Group, Inc.'s Operating Income for the trailing twelve months (TTM) ended in Dec. 2013 was 134 (Mar. 2013 ) + 182.6 (Jun. 2013 ) + 205.4 (Sep. 2013 ) + 179.3 (Dec. 2013 ) = $701 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).

Harbinger Group, Inc.'s Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2013 is calculated as:

Earnings Yield (Joel Greenblatt) (Q: Dec. 2013 )=Operating Income (TTM)/Enterprise Value (Q: Dec. 2013 )
=701.3/6272.894
=11.18 %

Harbinger Group, Inc.'s Enterprise Value for the quarter that ended in Dec. 2013 was $6,273 Mil.
Harbinger Group, Inc.'s Operating Income for the trailing twelve months (TTM) ended in Dec. 2013 was 134 (Mar. 2013 ) + 182.6 (Jun. 2013 ) + 205.4 (Sep. 2013 ) + 179.3 (Dec. 2013 ) = $701 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.

Harbinger Group, Inc. Annual Data

Dec04Dec05Dec06Dec07Dec08Dec09Dec10Sep11Sep12Sep13
ev2ebit 26.180.000.000.000.000.000.0027.955.616.62

Harbinger Group, Inc. Quarterly Data

Sep11Dec11Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13
ev2ebit 27.9512.5610.5513.795.618.468.587.396.628.94
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