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Lloyds Banking Group PLC (NYSE:LYG)
EV/EBIT
-248.20 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its EBIT. As of today, Lloyds Banking Group PLC's enterprise value is $178,324 Mil. Lloyds Banking Group PLC's operating income for the trailing twelve months (TTM) ended in Jun. 2014 was $-596 Mil. Therefore, Lloyds Banking Group PLC's EV/EBIT ratio for today is -248.20.

LYG' s 10-Year EV/EBIT Range
Min: 2   Max: 4279.8
Current: -248.2

2
4279.8

During the past 13 years, the highest EV/EBIT Ratio of Lloyds Banking Group PLC was 4279.80. The lowest was 2.00. And the median was 67.70.

LYG's EV/EBITis ranked higher than
53% of the 1906 Companies
in the Global Banks - Regional - Europe industry.

( Industry Median: 19.25 vs. LYG: -248.20 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). Lloyds Banking Group PLC's enterprise value for the quarter that ended in Jun. 2014 was $182,590 Mil. Lloyds Banking Group PLC's Operating Income for the trailing twelve months (TTM) ended in Jun. 2014 was $-596 Mil. Lloyds Banking Group PLC's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2014 was 0.00%.


Definition

Lloyds Banking Group PLC's EV/EBIT for today is calculated as:

EV/EBIT=Enterprise Value (Today)/Operating Income (TTM)
=178324.040/-595.767439525
=

Lloyds Banking Group PLC's current Enterprise Value is $178,324 Mil.
Lloyds Banking Group PLC's Operating Income for the trailing twelve months (TTM) ended in Jun. 2014 was -3893.71980676 (Sep. 2013 ) + 1815.48599671 (Dec. 2013 ) + 2388.60971524 (Mar. 2014 ) + -906.14334471 (Jun. 2014 ) = $-596 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).

Lloyds Banking Group PLC's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2014 is calculated as:

Earnings Yield (Joel Greenblatt) (Q: Jun. 2014 )=Operating Income (TTM)/Enterprise Value (Q: Jun. 2014 )
=-595.767439525/182590.485444
= %

Lloyds Banking Group PLC's Enterprise Value for the quarter that ended in Jun. 2014 was $182,590 Mil.
Lloyds Banking Group PLC's Operating Income for the trailing twelve months (TTM) ended in Jun. 2014 was -3893.71980676 (Sep. 2013 ) + 1815.48599671 (Dec. 2013 ) + 2388.60971524 (Mar. 2014 ) + -906.14334471 (Jun. 2014 ) = $-596 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.

Lloyds Banking Group PLC Annual Data

Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13
ev2ebit 0.0093.97109.2986.2625.729.406.3128.5634.0171.33

Lloyds Banking Group PLC Quarterly Data

Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14Jun14
ev2ebit 114.6635.614,097.4634.0128.3426.5223.7671.33163.960.00
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