Switch to:
The Macerich Company (NYSE:MAC)
EV/EBIT
58.80 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its EBIT. As of today, The Macerich Company's enterprise value is $13,461 Mil. The Macerich Company's operating income for the trailing twelve months (TTM) ended in Dec. 2013 was $225 Mil. Therefore, The Macerich Company's EV/EBIT ratio for today is 58.80.

MAC' s 10-Year EV/EBIT Range
Min: 14.2   Max: 83.4
Current: 58.8

14.2
83.4

During the past 13 years, the highest EV/EBIT Ratio of The Macerich Company was 83.40. The lowest was 14.20. And the median was 45.30.

MAC's EV/EBITis ranked lower than
72% of the 599 Companies
in the Global REIT - Retail industry.

( Industry Median: 27.39 vs. MAC: 58.80 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). The Macerich Company's enterprise value for the quarter that ended in Dec. 2013 was $12,880 Mil. The Macerich Company's Operating Income for the trailing twelve months (TTM) ended in Dec. 2013 was $225 Mil. The Macerich Company's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2013 was 1.75%.


Definition

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

EV/EBIT=Enterprise Value (Today)/Operating Income (TTM)
=13461.114/225.42
=59.72

The Macerich Company's current Enterprise Value is $13,461 Mil.
The Macerich Company's Operating Income for the trailing twelve months (TTM) ended in Dec. 2013 was 55.077 (Mar. 2013 ) + 52.629 (Jun. 2013 ) + 60.035 (Sep. 2013 ) + 57.679 (Dec. 2013 ) = $225 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).

The Macerich Company'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 )
=225.42/12879.9996
=1.75 %

The Macerich Company's Enterprise Value for the quarter that ended in Dec. 2013 was $12,880 Mil.
The Macerich Company's Operating Income for the trailing twelve months (TTM) ended in Dec. 2013 was 55.077 (Mar. 2013 ) + 52.629 (Jun. 2013 ) + 60.035 (Sep. 2013 ) + 57.679 (Dec. 2013 ) = $225 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.

The Macerich Company Annual Data

Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13
ev2ebit 33.9841.1941.3859.7931.3417.5046.3068.8578.5557.14

The Macerich Company Quarterly Data

Sep11Dec11Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13
ev2ebit 62.7068.8567.4668.5964.7878.5580.6969.6260.2057.14
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
Free 7-day Trial
FEEDBACK
Hide