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

EV/EBIT ratio is calculated as enterprise value divided by its Earnings Before Interest and Taxes (EBIT). As of today, Macerich Co's enterprise value is $17,093 Mil. Macerich Co's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2016 was $1,166 Mil. Therefore, Macerich Co's EV/EBIT ratio for today is 14.66.

MAC' s EV/EBIT Range Over the Past 10 Years
Min: 9.2   Max: 60.4
Current: 14.65

9.2
60.4

During the past 13 years, the highest EV/EBIT Ratio of Macerich Co was 60.40. The lowest was 9.20. And the median was 28.15.

MAC's EV/EBIT is ranked higher than
66% of the 591 Companies
in the Global REIT - Retail industry.

( Industry Median: 19.79 vs. MAC: 14.65 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). Macerich Co's enterprise value for the quarter that ended in Jun. 2016 was $17,535 Mil. Macerich Co's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2016 was $1,166 Mil. Macerich Co's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2016 was 6.65%.


Definition

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

EV/EBIT=Enterprise Value (Today)/Earnings Before Interest and Taxes (EBIT) (TTM)
=17092.623/1165.866
=14.66

Macerich Co's current Enterprise Value is $17,093 Mil.
Macerich Co's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2016 was 90.411 (Sep. 2015 ) + 491.844 (Dec. 2015 ) + 492.468 (Mar. 2016 ) + 91.143 (Jun. 2016 ) = $1,166 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 Jun. 2016 is calculated as:

Earnings Yield (Joel Greenblatt) (Q: Jun. 2016 )=EBIT (TTM)/Enterprise Value (Q: Jun. 2016 )
=1165.866/17534.5282
=6.65 %

Macerich Co's Enterprise Value for the quarter that ended in Jun. 2016 was $17,535 Mil.
Macerich Co's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2016 was 90.411 (Sep. 2015 ) + 491.844 (Dec. 2015 ) + 492.468 (Mar. 2016 ) + 91.143 (Jun. 2016 ) = $1,166 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.


Related Terms

Enterprise Value, Earnings Yield (Joel Greenblatt), Earnings Before Interest and Taxes (EBIT)


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

Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15
ev2ebit 32.1034.0419.3511.4630.2626.1628.1937.1211.0424.62

Macerich Co Quarterly Data

Mar14Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16
ev2ebit 38.4752.4852.4611.0411.1410.3810.6024.6214.6415.04
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