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Medley Capital Corp (NYSE:MCC)
EV/EBIT
20.40 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its EBIT. As of today, Medley Capital Corp's enterprise value is $931.09 Mil. Medley Capital Corp's operating income for the trailing twelve months (TTM) ended in Dec. 2013 was $45.71 Mil. Therefore, Medley Capital Corp's EV/EBIT ratio for today is 20.40.

MCC' s 10-Year EV/EBIT Range
Min: 11.4   Max: 24.4
Current: 20.4

11.4
24.4

During the past 3 years, the highest EV/EBIT Ratio of Medley Capital Corp was 24.40. The lowest was 11.40. And the median was 17.40.

MCC's EV/EBITis ranked lower than
55% of the 297 Companies
in the Global Capital Markets industry.

( Industry Median: 15.72 vs. MCC: 20.40 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). Medley Capital Corp's enterprise value for the quarter that ended in Dec. 2013 was $829.34 Mil. Medley Capital Corp's Operating Income for the trailing twelve months (TTM) ended in Dec. 2013 was $45.71 Mil. Medley Capital Corp's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2013 was 5.51%.


Definition

Medley Capital Corp's EV/EBIT for today is calculated as:

EV/EBIT=Enterprise Value (Today)/Operating Income (TTM)
=931.086/45.709
=20.37

Medley Capital Corp's current Enterprise Value is $931.09 Mil.
Medley Capital Corp's Operating Income for the trailing twelve months (TTM) ended in Dec. 2013 was 10.396 (Mar. 2013 ) + 3.157 (Jun. 2013 ) + 15.125 (Sep. 2013 ) + 17.031 (Dec. 2013 ) = $45.71 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).

Medley Capital Corp'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 )
=45.709/829.3355
=5.51 %

Medley Capital Corp's Enterprise Value for the quarter that ended in Dec. 2013 was $829.34 Mil.
Medley Capital Corp's Operating Income for the trailing twelve months (TTM) ended in Dec. 2013 was 10.396 (Mar. 2013 ) + 3.157 (Jun. 2013 ) + 15.125 (Sep. 2013 ) + 17.031 (Dec. 2013 ) = $45.71 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.

Medley Capital Corp Annual Data

Sep11Sep12Sep13
ev2ebit 0.000.000.000.000.000.000.000.0019.2718.49

Medley Capital Corp Quarterly Data

Sep11Dec11Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13
ev2ebit 0.0012.3512.8612.6419.2719.7119.6923.4718.4918.14
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