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Mercer International Inc (NAS:MERC)
EV/EBIT
16.56 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its EBIT. As of today, Mercer International Inc's enterprise value is $1,352 Mil. Mercer International Inc's operating income for the trailing twelve months (TTM) ended in Jun. 2014 was $81 Mil. Therefore, Mercer International Inc's EV/EBIT ratio for today is 16.56.

MERC' s 10-Year EV/EBIT Range
Min: 5.2   Max: 291.9
Current: 16.56

5.2
291.9

During the past 13 years, the highest EV/EBIT Ratio of Mercer International Inc was 291.90. The lowest was 5.20. And the median was 15.00.

MERC's EV/EBITis ranked higher than
78% of the 422 Companies
in the Global Paper & Paper Products industry.

( Industry Median: 30.40 vs. MERC: 16.56 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). Mercer International Inc's enterprise value for the quarter that ended in Jun. 2014 was $1,343 Mil. Mercer International Inc's Operating Income for the trailing twelve months (TTM) ended in Jun. 2014 was $81 Mil. Mercer International Inc's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2014 was 6.05%.


Definition

Mercer International Inc's EV/EBIT for today is calculated as:

EV/EBIT=Enterprise Value (Today)/Operating Income (TTM)
=1352.347/81.175
=16.66

Mercer International Inc's current Enterprise Value is $1,352 Mil.
Mercer International Inc's Operating Income for the trailing twelve months (TTM) ended in Jun. 2014 was 13.591 (Sep. 2013 ) + 6.32 (Dec. 2013 ) + 39.243 (Mar. 2014 ) + 22.021 (Jun. 2014 ) = $81 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).

Mercer International Inc's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2014 is calculated as:

Earnings Yield (Joel Greenblatt) (Q: Jun. 2014 )=Operating Income (TTM)/Enterprise Value (Q: Jun. 2014 )
=81.175/1342.7368
=6.05 %

Mercer International Inc's Enterprise Value for the quarter that ended in Jun. 2014 was $1,343 Mil.
Mercer International Inc's Operating Income for the trailing twelve months (TTM) ended in Jun. 2014 was 13.591 (Sep. 2013 ) + 6.32 (Dec. 2013 ) + 39.243 (Mar. 2014 ) + 22.021 (Jun. 2014 ) = $81 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.

Mercer International Inc Annual Data

Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13
ev2ebit 0.0059.0912.6614.2217.500.005.937.5918.9244.56

Mercer International Inc Quarterly Data

Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14Jun14
ev2ebit 10.2611.8022.8118.9221.3137.8635.0344.5620.8116.54
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