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Magellan Midstream Partners, L.P. (NYSE:MMP)
EV/EBIT
27.00 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its EBIT. As of today, Magellan Midstream Partners, L.P.'s enterprise value is $19,275 Mil. Magellan Midstream Partners, L.P.'s operating income for the trailing twelve months (TTM) ended in Dec. 2013 was $705 Mil. Therefore, Magellan Midstream Partners, L.P.'s EV/EBIT ratio for today is 27.00.

MMP' s 10-Year EV/EBIT Range
Min: 5.4   Max: 27.1
Current: 27

5.4
27.1

During the past 13 years, the highest EV/EBIT Ratio of Magellan Midstream Partners, L.P. was 27.10. The lowest was 5.40. And the median was 15.00.

MMP's EV/EBITis ranked higher than
51% of the 121 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 26.34 vs. MMP: 27.00 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). Magellan Midstream Partners, L.P.'s enterprise value for the quarter that ended in Dec. 2013 was $17,002 Mil. Magellan Midstream Partners, L.P.'s Operating Income for the trailing twelve months (TTM) ended in Dec. 2013 was $705 Mil. Magellan Midstream Partners, L.P.'s Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2013 was 4.15%.


Definition

Magellan Midstream Partners, L.P.'s EV/EBIT for today is calculated as:

EV/EBIT=Enterprise Value (Today)/Operating Income (TTM)
=19274.636/705.056
=27.34

Magellan Midstream Partners, L.P.'s current Enterprise Value is $19,275 Mil.
Magellan Midstream Partners, L.P.'s Operating Income for the trailing twelve months (TTM) ended in Dec. 2013 was 142.505 (Mar. 2013 ) + 184.457 (Jun. 2013 ) + 154.624 (Sep. 2013 ) + 223.47 (Dec. 2013 ) = $705 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).

Magellan Midstream Partners, L.P.'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 )
=705.056/17002.0956
=4.15 %

Magellan Midstream Partners, L.P.'s Enterprise Value for the quarter that ended in Dec. 2013 was $17,002 Mil.
Magellan Midstream Partners, L.P.'s Operating Income for the trailing twelve months (TTM) ended in Dec. 2013 was 142.505 (Mar. 2013 ) + 184.457 (Jun. 2013 ) + 154.624 (Sep. 2013 ) + 223.47 (Dec. 2013 ) = $705 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.

Magellan Midstream Partners, L.P. Annual Data

Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13
ev2ebit 15.9412.9213.4312.6611.7921.0920.2518.4721.4424.11

Magellan Midstream Partners, L.P. Quarterly Data

Sep11Dec11Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13
ev2ebit 17.6618.4719.1417.3623.2321.4424.9824.8322.9824.11
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