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International Game Technology PLC (NYSE:IGT)
EV/EBIT
11.50 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its EBIT. As of today, International Game Technology PLC's enterprise value is $6,599 Mil. International Game Technology PLC's operating income for the trailing twelve months (TTM) ended in Sep. 2014 was $574 Mil. Therefore, International Game Technology PLC's EV/EBIT ratio for today is 11.50.

IGT' s 10-Year EV/EBIT Range
Min: 6.4   Max: 26.2
Current: 18.24

6.4
26.2

During the past 12 years, the highest EV/EBIT Ratio of International Game Technology PLC was 26.20. The lowest was 6.40. And the median was 14.80.

IGT's EV/EBITis ranked higher than
92% of the 1404 Companies
in the Global Gambling industry.

( Industry Median: 30.49 vs. IGT: 18.24 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). International Game Technology PLC's enterprise value for the quarter that ended in Sep. 2014 was $6,893 Mil. International Game Technology PLC's Operating Income for the trailing twelve months (TTM) ended in Sep. 2014 was $574 Mil. International Game Technology PLC's Earnings Yield (Joel Greenblatt) for the quarter that ended in Sep. 2014 was 8.32%.


Definition

International Game Technology PLC's EV/EBIT for today is calculated as:

EV/EBIT=Enterprise Value (Today)/Operating Income (TTM)
=6599.282/573.843
=11.50

International Game Technology PLC's current Enterprise Value is $6,599 Mil.
International Game Technology PLC's Operating Income for the trailing twelve months (TTM) ended in Sep. 2014 was 103.785 (Dec. 2013 ) + 180.843 (Mar. 2014 ) + 156.017 (Jun. 2014 ) + 133.198 (Sep. 2014 ) = $574 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).

International Game Technology PLC's Earnings Yield (Joel Greenblatt) for the quarter that ended in Sep. 2014 is calculated as:

Earnings Yield (Joel Greenblatt) (Q: Sep. 2014 )=Operating Income (TTM)/Enterprise Value (Q: Sep. 2014 )
=573.843/6893.4234
=8.32 %

International Game Technology PLC's Enterprise Value for the quarter that ended in Sep. 2014 was $6,893 Mil.
International Game Technology PLC's Operating Income for the trailing twelve months (TTM) ended in Sep. 2014 was 103.785 (Dec. 2013 ) + 180.843 (Mar. 2014 ) + 156.017 (Jun. 2014 ) + 133.198 (Sep. 2014 ) = $574 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.

International Game Technology PLC Annual Data

Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13
ev2ebit 0.000.000.000.000.0012.8112.6110.8810.4612.10

International Game Technology PLC Quarterly Data

Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14Jun14Sep14
ev2ebit 9.9410.7010.4610.5710.7511.1912.1012.0410.8710.40
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