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Meredith Corp (NYSE:MDP)
EV/EBIT
10.55 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its Earnings Before Interest and Taxes (EBIT). As of today, Meredith Corp's enterprise value is $3,065 Mil. Meredith Corp's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2016 was $290 Mil. Therefore, Meredith Corp's EV/EBIT ratio for today is 10.55.

MDP' s EV/EBIT Range Over the Past 10 Years
Min: -15.6   Max: 15.6
Current: 10.57

-15.6
15.6

During the past 13 years, the highest EV/EBIT Ratio of Meredith Corp was 15.60. The lowest was -15.60. And the median was 10.30.

MDP's EV/EBIT is ranked higher than
57% of the 129 Companies
in the Global Publishing industry.

( Industry Median: 12.38 vs. MDP: 10.57 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). Meredith Corp's enterprise value for the quarter that ended in Mar. 2016 was $2,802 Mil. Meredith Corp's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2016 was $290 Mil. Meredith Corp's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2016 was 10.37%.


Definition

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

EV/EBIT=Enterprise Value (Today)/Earnings Before Interest and Taxes (EBIT) (TTM)
=3064.662/290.455
=10.55

Meredith Corp's current Enterprise Value is $3,065 Mil.
Meredith Corp's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2016 was 73.292 (Jun. 2015 ) + 29.012 (Sep. 2015 ) + 60.113 (Dec. 2015 ) + 128.038 (Mar. 2016 ) = $290 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).

Meredith Corp's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2016 is calculated as:

Earnings Yield (Joel Greenblatt) (Q: Mar. 2016 )=EBIT (TTM)/Enterprise Value (Q: Mar. 2016 )
=290.455/2802.001
=10.37 %

Meredith Corp's Enterprise Value for the quarter that ended in Mar. 2016 was $2,802 Mil.
Meredith Corp's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2016 was 73.292 (Jun. 2015 ) + 29.012 (Sep. 2015 ) + 60.113 (Dec. 2015 ) + 128.038 (Mar. 2016 ) = $290 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.

Meredith Corp Annual Data

Jun07Jun08Jun09Jun10Jun11Jun12Jun13Jun14Jun15Jun16
ev2ebit 11.837.15-11.189.046.999.5611.6115.1712.800.00

Meredith Corp Quarterly Data

Mar14Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16
ev2ebit 13.9915.1713.2015.2714.3512.8012.3212.909.650.00
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