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JPMorgan Chase & Co (NYSE:JPM)
EV/EBIT
18.20 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its EBIT. As of today, JPMorgan Chase & Co's enterprise value is $462,532 Mil. JPMorgan Chase & Co's operating income for the trailing twelve months (TTM) ended in Dec. 2013 was $25,914 Mil. Therefore, JPMorgan Chase & Co's EV/EBIT ratio for today is 18.20.

JPM' s 10-Year EV/EBIT Range
Min: 6   Max: 204.4
Current: 18.2

6
204.4

During the past 13 years, the highest EV/EBIT Ratio of JPMorgan Chase & Co was 204.40. The lowest was 6.00. And the median was 16.10.

JPM's EV/EBITis ranked higher than
56% of the 1447 Companies
in the Global Banks - Global industry.

( Industry Median: 15.51 vs. JPM: 18.20 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). JPMorgan Chase & Co's enterprise value for the quarter that ended in Dec. 2013 was $228,904 Mil. JPMorgan Chase & Co's Operating Income for the trailing twelve months (TTM) ended in Dec. 2013 was $25,914 Mil. JPMorgan Chase & Co's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2013 was 11.33%.


Definition

JPMorgan Chase & Co's EV/EBIT for today is calculated as:

EV/EBIT=Enterprise Value (Today)/Operating Income (TTM)
=462532.496/25914
=17.85

JPMorgan Chase & Co's current Enterprise Value is $462,532 Mil.
JPMorgan Chase & Co's Operating Income for the trailing twelve months (TTM) ended in Dec. 2013 was 9082 (Mar. 2013 ) + 9298 (Jun. 2013 ) + 34 (Sep. 2013 ) + 7500 (Dec. 2013 ) = $25,914 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).

JPMorgan Chase & Co'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 )
=25914/228904.4312
=11.32 %

JPMorgan Chase & Co's Enterprise Value for the quarter that ended in Dec. 2013 was $228,904 Mil.
JPMorgan Chase & Co's Operating Income for the trailing twelve months (TTM) ended in Dec. 2013 was 9082 (Mar. 2013 ) + 9298 (Jun. 2013 ) + 34 (Sep. 2013 ) + 7500 (Dec. 2013 ) = $25,914 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.

JPMorgan Chase & Co Annual Data

Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13
ev2ebit 44.0421.5015.6316.95105.7027.8118.7011.9111.478.83

JPMorgan Chase & Co Quarterly Data

Sep11Dec11Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13
ev2ebit 9.0111.9112.4511.4111.3011.477.776.705.958.83
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