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Macerich Co (NYSE:MAC)
EV/EBIT
63.35 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its EBIT. As of today, Macerich Co's enterprise value is $14,372 Mil. Macerich Co's operating income for the trailing twelve months (TTM) ended in Mar. 2014 was $226 Mil. Therefore, Macerich Co's EV/EBIT ratio for today is 63.35.

MAC' s 10-Year EV/EBIT Range
Min: 15.1   Max: 88.5
Current: 63.35

15.1
88.5

During the past 13 years, the highest EV/EBIT Ratio of Macerich Co was 88.50. The lowest was 15.10. And the median was 47.60.

MAC's EV/EBITis ranked higher than
59% of the 690 Companies
in the Global REIT - Retail industry.

( Industry Median: 35.58 vs. MAC: 63.35 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). Macerich Co's enterprise value for the quarter that ended in Mar. 2014 was $13,666 Mil. Macerich Co's Operating Income for the trailing twelve months (TTM) ended in Mar. 2014 was $226 Mil. Macerich Co's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2014 was 1.66%.


Definition

Macerich Co's EV/EBIT for today is calculated as:

EV/EBIT=Enterprise Value (Today)/Operating Income (TTM)
=14371.503/226.173
=63.54

Macerich Co's current Enterprise Value is $14,372 Mil.
Macerich Co's Operating Income for the trailing twelve months (TTM) ended in Mar. 2014 was 52.629 (Jun. 2013 ) + 60.035 (Sep. 2013 ) + 57.679 (Dec. 2013 ) + 55.83 (Mar. 2014 ) = $226 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).

Macerich Co's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2014 is calculated as:

Earnings Yield (Joel Greenblatt) (Q: Mar. 2014 )=Operating Income (TTM)/Enterprise Value (Q: Mar. 2014 )
=226.173/13665.9715
=1.66 %

Macerich Co's Enterprise Value for the quarter that ended in Mar. 2014 was $13,666 Mil.
Macerich Co's Operating Income for the trailing twelve months (TTM) ended in Mar. 2014 was 52.629 (Jun. 2013 ) + 60.035 (Sep. 2013 ) + 57.679 (Dec. 2013 ) + 55.83 (Mar. 2014 ) = $226 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.

Macerich Co Annual Data

Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13
ev2ebit 33.9841.1941.3859.7931.3417.5046.3068.8578.5558.85

Macerich Co Quarterly Data

Dec11Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14
ev2ebit 68.8567.4668.5964.7878.5583.7472.0162.1358.8560.42
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