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Investors Real Estate Trust (NYSE:IRET)
EV/EBIT
67.02 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its EBIT. As of today, Investors Real Estate Trust's enterprise value is $2,172.5 Mil. Investors Real Estate Trust's operating income for the trailing twelve months (TTM) ended in Apr. 2014 was $32.4 Mil. Therefore, Investors Real Estate Trust's EV/EBIT ratio for today is 67.02.

IRET' s 10-Year EV/EBIT Range
Min: 16.3   Max: 574.6
Current: 67.02

16.3
574.6

During the past 13 years, the highest EV/EBIT Ratio of Investors Real Estate Trust was 574.60. The lowest was 16.30. And the median was 80.55.

IRET's EV/EBITis ranked lower than
100% of the Companies
in the Global industry.

( Industry Median: vs. IRET: 67.02 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). Investors Real Estate Trust's enterprise value for the quarter that ended in Apr. 2014 was $2,174.8 Mil. Investors Real Estate Trust's Operating Income for the trailing twelve months (TTM) ended in Apr. 2014 was $32.4 Mil. Investors Real Estate Trust's Earnings Yield (Joel Greenblatt) for the quarter that ended in Apr. 2014 was 1.49%.


Definition

Investors Real Estate Trust's EV/EBIT for today is calculated as:

EV/EBIT=Enterprise Value (Today)/Operating Income (TTM)
=2172.500/32.417
=67.02

Investors Real Estate Trust's current Enterprise Value is $2,172.5 Mil.
Investors Real Estate Trust's Operating Income for the trailing twelve months (TTM) ended in Apr. 2014 was 16.149 (Jul. 2013 ) + 19.213 (Oct. 2013 ) + 17.994 (Jan. 2014 ) + -20.939 (Apr. 2014 ) = $32.4 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).

Investors Real Estate Trust's Earnings Yield (Joel Greenblatt) for the quarter that ended in Apr. 2014 is calculated as:

Earnings Yield (Joel Greenblatt) (Q: Apr. 2014 )=Operating Income (TTM)/Enterprise Value (Q: Apr. 2014 )
=32.417/2174.7912
=1.49 %

Investors Real Estate Trust's Enterprise Value for the quarter that ended in Apr. 2014 was $2,174.8 Mil.
Investors Real Estate Trust's Operating Income for the trailing twelve months (TTM) ended in Apr. 2014 was 16.149 (Jul. 2013 ) + 19.213 (Oct. 2013 ) + 17.994 (Jan. 2014 ) + -20.939 (Apr. 2014 ) = $32.4 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.

Investors Real Estate Trust Annual Data

Apr05Apr06Apr07Apr08Apr09Apr10Apr11Apr12Apr13Apr14
ev2ebit 125.23137.43144.27119.65183.6625.9427.2825.0326.9167.09

Investors Real Estate Trust Quarterly Data

Jan12Apr12Jul12Oct12Jan13Apr13Jul13Oct13Jan14Apr14
ev2ebit 26.7125.0326.6325.6526.5126.9126.3727.3128.8067.09
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