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McCormick & Company Inc (NYSE:MKC)
EV/EBIT
20.69 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its Earnings Before Interest and Taxes (EBIT). As of today, McCormick & Company Inc's enterprise value is $11,484 Mil. McCormick & Company Inc's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in May. 2015 was $555 Mil. Therefore, McCormick & Company Inc's EV/EBIT ratio for today is 20.69.

MKC' s 10-Year EV/EBIT Range
Min: 12   Max: 22.2
Current: 20.5

12
22.2

During the past 13 years, the highest EV/EBIT Ratio of McCormick & Company Inc was 22.20. The lowest was 12.00. And the median was 16.30.

MKC's EV/EBITis ranked lower than
63% of the 1114 Companies
in the Global Packaged Foods industry.

( Industry Median: 15.49 vs. MKC: 20.50 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). McCormick & Company Inc's enterprise value for the quarter that ended in May. 2015 was $0 Mil. McCormick & Company Inc's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in May. 2015 was $555 Mil. McCormick & Company Inc's Earnings Yield (Joel Greenblatt) for the quarter that ended in May. 2015 was %.


Definition

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

EV/EBIT=Enterprise Value (Today)/Earnings Before Interest and Taxes (EBIT) (TTM)
=11484.453/555.2
=20.69

McCormick & Company Inc's current Enterprise Value is $11,484 Mil.
McCormick & Company Inc's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in May. 2015 was 157.6 (Aug. 2014 ) + 199.7 (Nov. 2014 ) + 93.5 (Feb. 2015 ) + 104.4 (May. 2015 ) = $555 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 & Company Inc's Earnings Yield (Joel Greenblatt) for the quarter that ended in May. 2015 is calculated as:

Earnings Yield (Joel Greenblatt) (Q: May. 2015 )=EBIT (TTM)/Enterprise Value (Q: May. 2015 )
=555.2/0
= %

McCormick & Company Inc's Enterprise Value for the quarter that ended in May. 2015 was $0 Mil.
McCormick & Company Inc's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in May. 2015 was 157.6 (Aug. 2014 ) + 199.7 (Nov. 2014 ) + 93.5 (Feb. 2015 ) + 104.4 (May. 2015 ) = $555 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 & Company Inc Annual Data

Nov05Nov06Nov07Nov08Nov09Nov10Nov11Nov12Nov13Nov14
ev2ebit 13.7020.3815.2612.8612.1113.0314.1516.5918.5217.38

McCormick & Company Inc Quarterly Data

Feb13May13Aug13Nov13Feb14May14Aug14Nov14Feb15May15
ev2ebit 17.3418.1717.4818.5217.3518.6117.7417.3819.0020.55
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