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Media General Inc. (NYSE:MEG)
EV/EBIT
66.70 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its EBIT. As of today, Media General Inc.'s enterprise value is $2,220.3 Mil. Media General Inc.'s operating income for the trailing twelve months (TTM) ended in Dec. 2013 was $33.8 Mil. Therefore, Media General Inc.'s EV/EBIT ratio for today is 66.70.

MEG' s 10-Year EV/EBIT Range
Min: 4.3   Max: 73.8
Current: 66.7

4.3
73.8

During the past 13 years, the highest EV/EBIT Ratio of Media General Inc. was 73.80. The lowest was 4.30. And the median was 14.20.

MEG's EV/EBITis ranked lower than
66% of the 206 Companies
in the Global Publishing industry.

( Industry Median: 14.25 vs. MEG: 66.70 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). Media General Inc.'s enterprise value for the quarter that ended in Dec. 2013 was $2,845.3 Mil. Media General Inc.'s Operating Income for the trailing twelve months (TTM) ended in Dec. 2013 was $33.8 Mil. Media General Inc.'s Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2013 was 1.19%.


Definition

Media General Inc.'s EV/EBIT for today is calculated as:

EV/EBIT=Enterprise Value (Today)/Operating Income (TTM)
=2220.301/33.827
=65.64

Media General Inc.'s current Enterprise Value is $2,220.3 Mil.
Media General Inc.'s Operating Income for the trailing twelve months (TTM) ended in Dec. 2013 was 5.766 (Mar. 2013 ) + 4.957 (Jun. 2013 ) + 8.198 (Sep. 2013 ) + 14.906 (Dec. 2013 ) = $33.8 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).

Media General Inc.'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 )
=33.827/2845.346
=1.19 %

Media General Inc.'s Enterprise Value for the quarter that ended in Dec. 2013 was $2,845.3 Mil.
Media General Inc.'s Operating Income for the trailing twelve months (TTM) ended in Dec. 2013 was 5.766 (Mar. 2013 ) + 4.957 (Jun. 2013 ) + 8.198 (Sep. 2013 ) + 14.906 (Dec. 2013 ) = $33.8 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.

Media General Inc. Annual Data

Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13
ev2ebit 13.6013.9413.0712.920.000.0018.4031.714.5084.11

Media General Inc. Quarterly Data

Sep11Dec11Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13
ev2ebit 59.2031.7124.1417.3210.614.507.7813.0421.6684.11
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