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

EV/EBIT ratio is calculated as enterprise value divided by its EBIT. As of today, International Game Technology's enterprise value is $5,039 Mil. International Game Technology's operating income for the trailing twelve months (TTM) ended in Dec. 2013 was $479 Mil. Therefore, International Game Technology's EV/EBIT ratio for today is 10.80.

IGT' s 10-Year EV/EBIT Range
Min: 6.4   Max: 26.2
Current: 10.8

6.4
26.2

During the past 13 years, the highest EV/EBIT Ratio of International Game Technology was 26.20. The lowest was 6.40. And the median was 15.20.

IGT's EV/EBITis ranked higher than
78% of the 1278 Companies
in the Global Electronic Gaming & Multimedia industry.

( Industry Median: 17.39 vs. IGT: 10.80 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). International Game Technology's enterprise value for the quarter that ended in Dec. 2013 was $6,133 Mil. International Game Technology's Operating Income for the trailing twelve months (TTM) ended in Dec. 2013 was $479 Mil. International Game Technology's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2013 was 7.82%.


Definition

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

EV/EBIT=Enterprise Value (Today)/Operating Income (TTM)
=5039.363/479.4
=10.51

International Game Technology's current Enterprise Value is $5,039 Mil.
International Game Technology's Operating Income for the trailing twelve months (TTM) ended in Dec. 2013 was 129.3 (Mar. 2013 ) + 123 (Jun. 2013 ) + 123.4 (Sep. 2013 ) + 103.7 (Dec. 2013 ) = $479 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'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 )
=479.4/6132.724
=7.82 %

International Game Technology's Enterprise Value for the quarter that ended in Dec. 2013 was $6,133 Mil.
International Game Technology's Operating Income for the trailing twelve months (TTM) ended in Dec. 2013 was 129.3 (Mar. 2013 ) + 123 (Jun. 2013 ) + 123.4 (Sep. 2013 ) + 103.7 (Dec. 2013 ) = $479 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 Annual Data

Sep04Sep05Sep06Sep07Sep08Sep09Sep10Sep11Sep12Sep13
ev2ebit 15.4214.2619.8418.4010.6025.2913.6610.9412.0113.06

International Game Technology Quarterly Data

Sep11Dec11Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13
ev2ebit 10.9413.0013.6914.3812.0112.4213.0512.1313.0612.79
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