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McCormick & Co Inc (NYSE:MKC)
EV/EBIT
24.30 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its Earnings Before Interest and Taxes (EBIT). As of today, McCormick & Co Inc's enterprise value is $14,243 Mil. McCormick & Co Inc's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Feb. 2016 was $586 Mil. Therefore, McCormick & Co Inc's EV/EBIT ratio for today is 24.30.

MKC' s EV/EBIT Range Over the Past 10 Years
Min: 11.9   Max: 24.44
Current: 24.27

11.9
24.44

During the past 13 years, the highest EV/EBIT Ratio of McCormick & Co Inc was 24.44. The lowest was 11.90. And the median was 16.30.

MKC's EV/EBIT is ranked lower than
71% of the 1294 Companies
in the Global Packaged Foods industry.

( Industry Median: 15.46 vs. MKC: 24.27 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). McCormick & Co Inc's enterprise value for the quarter that ended in Feb. 2016 was $13,189 Mil. McCormick & Co Inc's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Feb. 2016 was $586 Mil. McCormick & Co Inc's Earnings Yield (Joel Greenblatt) for the quarter that ended in Feb. 2016 was 4.44%.


Definition

McCormick & Co Inc's EV/EBIT for today is calculated as:

EV/EBIT=Enterprise Value (Today)/Earnings Before Interest and Taxes (EBIT) (TTM)
=14243.483/586.2
=24.30

McCormick & Co Inc's current Enterprise Value is $14,243 Mil.
McCormick & Co Inc's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Feb. 2016 was 104.4 (May. 2015 ) + 138.9 (Aug. 2015 ) + 212.7 (Nov. 2015 ) + 130.2 (Feb. 2016 ) = $586 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).

McCormick & Co Inc's Earnings Yield (Joel Greenblatt) for the quarter that ended in Feb. 2016 is calculated as:

Earnings Yield (Joel Greenblatt) (Q: Feb. 2016 )=EBIT (TTM)/Enterprise Value (Q: Feb. 2016 )
=586.2/13188.8918
=4.44 %

McCormick & Co Inc's Enterprise Value for the quarter that ended in Feb. 2016 was $13,189 Mil.
McCormick & Co Inc's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Feb. 2016 was 104.4 (May. 2015 ) + 138.9 (Aug. 2015 ) + 212.7 (Nov. 2015 ) + 130.2 (Feb. 2016 ) = $586 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.

McCormick & Co Inc Annual Data

Nov06Nov07Nov08Nov09Nov10Nov11Nov12Nov13Nov14Nov15
ev2ebit 20.4315.3212.8612.0613.0814.1716.6518.5117.8322.27

McCormick & Co Inc Quarterly Data

Nov13Feb14May14Aug14Nov14Feb15May15Aug15Nov15Feb16
ev2ebit 18.5117.5118.6817.7717.8319.0220.5321.5322.2722.50
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