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Meredith Corp (NYSE:MDP)
EV/EBIT
13.65 (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 $3,131 Mil. Meredith Corp's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2015 was $229 Mil. Therefore, Meredith Corp's EV/EBIT ratio for today is 13.65.

MDP' s 10-Year EV/EBIT Range
Min: -15.6   Max: 15.6
Current: 13.64

-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 10.70.

MDP's EV/EBITis ranked lower than
54% of the 138 Companies
in the Global Publishing industry.

( Industry Median: 12.43 vs. MDP: 13.64 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). Meredith Corp's enterprise value for the quarter that ended in Mar. 2015 was $3,293 Mil. Meredith Corp's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2015 was $229 Mil. Meredith Corp's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2015 was 6.97%.


Definition

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

EV/EBIT=Enterprise Value (Today)/Earnings Before Interest and Taxes (EBIT) (TTM)
=3131.219/229.407
=13.65

Meredith Corp's current Enterprise Value is $3,131 Mil.
Meredith Corp's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2015 was 60.587 (Jun. 2014 ) + 52.852 (Sep. 2014 ) + 68.862 (Dec. 2014 ) + 47.106 (Mar. 2015 ) = $229 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. 2015 is calculated as:

Earnings Yield (Joel Greenblatt) (Q: Mar. 2015 )=EBIT (TTM)/Enterprise Value (Q: Mar. 2015 )
=229.407/3292.7513
=6.97 %

Meredith Corp's Enterprise Value for the quarter that ended in Mar. 2015 was $3,293 Mil.
Meredith Corp's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2015 was 60.587 (Jun. 2014 ) + 52.852 (Sep. 2014 ) + 68.862 (Dec. 2014 ) + 47.106 (Mar. 2015 ) = $229 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

Jun05Jun06Jun07Jun08Jun09Jun10Jun11Jun12Jun13Jun14
ev2ebit 11.5510.8711.837.15-11.189.046.999.5611.6115.17

Meredith Corp Quarterly Data

Dec12Mar13Jun13Sep13Dec13Mar14Jun14Sep14Dec14Mar15
ev2ebit 9.569.8111.6111.9112.9613.9915.1713.2015.2614.35
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