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GuruFocus has detected 6 Warning Signs with Magellan Midstream Partners LP $MMP.
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Magellan Midstream Partners LP (NYSE:MMP)
EV-to-EBIT
21.92 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its Earnings Before Interest and Taxes (EBIT). As of today, Magellan Midstream Partners LP's enterprise value is $21,321 Mil. Magellan Midstream Partners LP's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2016 was $973 Mil. Therefore, Magellan Midstream Partners LP's EV/EBIT ratio for today is 21.92.

MMP' s EV-to-EBIT Range Over the Past 10 Years
Min: 6.2   Max: 26.7
Current: 21.9

6.2
26.7

During the past 13 years, the highest EV/EBIT Ratio of Magellan Midstream Partners LP was 26.70. The lowest was 6.20. And the median was 18.20.

MMP's EV-to-EBIT is ranked lower than
53% of the 111 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 20.94 vs. MMP: 21.90 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). Magellan Midstream Partners LP's enterprise value for the quarter that ended in Dec. 2016 was $21,299 Mil. Magellan Midstream Partners LP's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2016 was $973 Mil. Magellan Midstream Partners LP's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2016 was 4.57%.


Definition

Magellan Midstream Partners LP's EV/EBIT for today is calculated as:

EV/EBIT=Enterprise Value (Today)/Earnings Before Interest and Taxes (EBIT) (TTM)
=21320.653/972.801
=21.92

Magellan Midstream Partners LP's current Enterprise Value is $21,321 Mil.
Magellan Midstream Partners LP's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2016 was 245.529 (Mar. 2016 ) + 230.1 (Jun. 2016 ) + 237.575 (Sep. 2016 ) + 259.597 (Dec. 2016 ) = $973 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's 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 LP's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2016 is calculated as:

Earnings Yield (Joel Greenblatt) (Q: Dec. 2016 )=EBIT (TTM)/Enterprise Value (Q: Dec. 2016 )
=972.801/21299.4924
=4.57 %

Magellan Midstream Partners LP's Enterprise Value for the quarter that ended in Dec. 2016 was $21,299 Mil.
Magellan Midstream Partners LP's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2016 was 245.529 (Mar. 2016 ) + 230.1 (Jun. 2016 ) + 237.575 (Sep. 2016 ) + 259.597 (Dec. 2016 ) = $973 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's 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 local exchange's currency.

Magellan Midstream Partners LP Annual Data

Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
ev2ebit 12.7610.6220.5016.3318.6321.4724.0822.5319.5221.90

Magellan Midstream Partners LP Quarterly Data

Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16
ev2ebit 24.4622.5322.6321.1416.9519.5219.4220.9321.0221.90
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