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The Hershey Co (NYSE:HSY)
EV/EBIT
19.57 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its Earnings Before Interest and Taxes (EBIT). As of today, The Hershey Co's enterprise value is $21,702 Mil. The Hershey Co's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2015 was $1,109 Mil. Therefore, The Hershey Co's EV/EBIT ratio for today is 19.57.

HSY' s 10-Year EV/EBIT Range
Min: 12.4   Max: 40.5
Current: 19.56

12.4
40.5

During the past 13 years, the highest EV/EBIT Ratio of The Hershey Co was 40.50. The lowest was 12.40. And the median was 17.00.

HSY's EV/EBITis ranked lower than
62% of the 1114 Companies
in the Global Confectioners industry.

( Industry Median: 15.49 vs. HSY: 19.56 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). The Hershey Co's enterprise value for the quarter that ended in Jun. 2015 was $21,550 Mil. The Hershey Co's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2015 was $1,109 Mil. The Hershey Co's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2015 was 5.15%.


Definition

The Hershey Co's EV/EBIT for today is calculated as:

EV/EBIT=Enterprise Value (Today)/Earnings Before Interest and Taxes (EBIT) (TTM)
=21701.813/1109.195
=19.57

The Hershey Co's current Enterprise Value is $21,702 Mil.
The Hershey Co's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2015 was 367.321 (Sep. 2014 ) + 343.166 (Dec. 2014 ) + 394.811 (Mar. 2015 ) + 3.897 (Jun. 2015 ) = $1,109 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).

The Hershey Co's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2015 is calculated as:

Earnings Yield (Joel Greenblatt) (Q: Jun. 2015 )=EBIT (TTM)/Enterprise Value (Q: Jun. 2015 )
=1109.195/21550.0084
=5.15 %

The Hershey Co's Enterprise Value for the quarter that ended in Jun. 2015 was $21,550 Mil.
The Hershey Co's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2015 was 367.321 (Sep. 2014 ) + 343.166 (Dec. 2014 ) + 394.811 (Mar. 2015 ) + 3.897 (Jun. 2015 ) = $1,109 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.

The Hershey Co Annual Data

Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14
ev2ebit 17.6313.6323.8716.7012.4513.5714.3215.5816.8617.76

The Hershey Co Quarterly Data

Mar13Jun13Sep13Dec13Mar14Jun14Sep14Dec14Mar15Jun15
ev2ebit 17.7217.4617.0216.8617.9716.8616.9417.7617.6219.43
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