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Hormel Foods Corp (NYSE:HRL)
EV/EBIT
16.49 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its Earnings Before Interest and Taxes (EBIT). As of today, Hormel Foods Corp's enterprise value is $19,966 Mil. Hormel Foods Corp's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Apr. 2016 was $1,211 Mil. Therefore, Hormel Foods Corp's EV/EBIT ratio for today is 16.49.

HRL' s EV/EBIT Range Over the Past 10 Years
Min: 8   Max: 20.4
Current: 16.49

8
20.4

During the past 13 years, the highest EV/EBIT Ratio of Hormel Foods Corp was 20.40. The lowest was 8.00. And the median was 11.00.

HRL's EV/EBIT is ranked lower than
53% of the 1253 Companies
in the Global Packaged Foods industry.

( Industry Median: 15.90 vs. HRL: 16.49 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). Hormel Foods Corp's enterprise value for the quarter that ended in Apr. 2016 was $20,306 Mil. Hormel Foods Corp's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Apr. 2016 was $1,211 Mil. Hormel Foods Corp's Earnings Yield (Joel Greenblatt) for the quarter that ended in Apr. 2016 was 5.96%.


Definition

Hormel Foods Corp's EV/EBIT for today is calculated as:

EV/EBIT=Enterprise Value (Today)/Earnings Before Interest and Taxes (EBIT) (TTM)
=19965.595/1211.089
=16.49

Hormel Foods Corp's current Enterprise Value is $19,966 Mil.
Hormel Foods Corp's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Apr. 2016 was 231.348 (Jul. 2015 ) + 292.977 (Oct. 2015 ) + 359.538 (Jan. 2016 ) + 327.226 (Apr. 2016 ) = $1,211 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).

Hormel Foods Corp's Earnings Yield (Joel Greenblatt) for the quarter that ended in Apr. 2016 is calculated as:

Earnings Yield (Joel Greenblatt) (Q: Apr. 2016 )=EBIT (TTM)/Enterprise Value (Q: Apr. 2016 )
=1211.089/20306.317
=5.96 %

Hormel Foods Corp's Enterprise Value for the quarter that ended in Apr. 2016 was $20,306 Mil.
Hormel Foods Corp's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Apr. 2016 was 231.348 (Jul. 2015 ) + 292.977 (Oct. 2015 ) + 359.538 (Jan. 2016 ) + 327.226 (Apr. 2016 ) = $1,211 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.

Hormel Foods Corp Annual Data

Oct06Oct07Oct08Oct09Oct10Oct11Oct12Oct13Oct14Oct15
ev2ebit 11.2510.498.378.709.1310.119.4213.9015.1216.76

Hormel Foods Corp Quarterly Data

Apr14Jul14Oct14Jan15Apr15Jul15Oct15Jan16Apr16Jul16
ev2ebit 14.0612.7815.1213.7413.6315.2716.7618.2016.770.00
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