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McCormick & Company Inc (NYSE:MKC)
EV/EBIT
23.67 (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 $12,698 Mil. McCormick & Company Inc's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Aug. 2015 was $537 Mil. Therefore, McCormick & Company Inc's EV/EBIT ratio for today is 23.67.

MKC' s EV/EBIT Range Over the Past 10 Years
Min: 11.9   Max: 24.4
Current: 24.13

11.9
24.4

During the past 13 years, the highest EV/EBIT Ratio of McCormick & Company Inc was 24.40. The lowest was 11.90. And the median was 16.20.

MKC's EV/EBIT is ranked lower than
72% of the 1806 Companies
in the Global Packaged Foods industry.

( Industry Median: 16.19 vs. MKC: 24.13 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). McCormick & Company Inc's enterprise value for the quarter that ended in Aug. 2015 was $11,552 Mil. McCormick & Company Inc's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Aug. 2015 was $537 Mil. McCormick & Company Inc's Earnings Yield (Joel Greenblatt) for the quarter that ended in Aug. 2015 was 4.64%.


Definition

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

EV/EBIT=Enterprise Value (Today)/Earnings Before Interest and Taxes (EBIT) (TTM)
=12697.589/536.5
=23.67

McCormick & Company Inc's current Enterprise Value is $12,698 Mil.
McCormick & Company Inc's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Aug. 2015 was 199.7 (Nov. 2014 ) + 93.5 (Feb. 2015 ) + 104.4 (May. 2015 ) + 138.9 (Aug. 2015 ) = $537 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 Aug. 2015 is calculated as:

Earnings Yield (Joel Greenblatt) (Q: Aug. 2015 )=EBIT (TTM)/Enterprise Value (Q: Aug. 2015 )
=536.5/11552.304
=4.64 %

McCormick & Company Inc's Enterprise Value for the quarter that ended in Aug. 2015 was $11,552 Mil.
McCormick & Company Inc's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Aug. 2015 was 199.7 (Nov. 2014 ) + 93.5 (Feb. 2015 ) + 104.4 (May. 2015 ) + 138.9 (Aug. 2015 ) = $537 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

Nov06Nov07Nov08Nov09Nov10Nov11Nov12Nov13Nov14Nov15
ev2ebit 20.4315.3212.8612.0613.0814.1716.6518.5117.8322.27

McCormick & Company Inc Quarterly Data

Aug13Nov13Feb14May14Aug14Nov14Feb15May15Aug15Nov15
ev2ebit 17.5818.5117.5118.6817.7717.8319.0220.5321.530.00
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