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Magellan Midstream Partners, L.P. (NYSE:MMP)
EV/EBIT
21.80 (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, L.P.'s enterprise value is $19,819 Mil. Magellan Midstream Partners, L.P.'s earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2015 was $909 Mil. Therefore, Magellan Midstream Partners, L.P.'s EV/EBIT ratio for today is 21.80.

MMP' s 10-Year EV/EBIT Range
Min: 3.9   Max: 26.7
Current: 21.83

3.9
26.7

During the past 13 years, the highest EV/EBIT Ratio of Magellan Midstream Partners, L.P. was 26.70. The lowest was 3.90. And the median was 16.00.

MMP's EV/EBITis ranked higher than
55% of the 87 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 23.54 vs. MMP: 21.83 )

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 Mar. 2015 was $20,577 Mil. Magellan Midstream Partners, L.P.'s earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2015 was $909 Mil. Magellan Midstream Partners, L.P.'s Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2015 was 4.42%.


Definition

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

EV/EBIT=Enterprise Value (Today)/Earnings Before Interest and Taxes (EBIT) (TTM)
=19819.481/909.278
=21.80

Magellan Midstream Partners, L.P.'s current Enterprise Value is $19,819 Mil.
Magellan Midstream Partners, L.P.'s Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2015 was 178.022 (Jun. 2014 ) + 225.645 (Sep. 2014 ) + 286.317 (Dec. 2014 ) + 219.294 (Mar. 2015 ) = $909 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 Mar. 2015 is calculated as:

Earnings Yield (Joel Greenblatt) (Q: Mar. 2015 )=EBIT (TTM)/Enterprise Value (Q: Mar. 2015 )
=909.278/20577.0923
=4.42 %

Magellan Midstream Partners, L.P.'s Enterprise Value for the quarter that ended in Mar. 2015 was $20,577 Mil.
Magellan Midstream Partners, L.P.'s Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2015 was 178.022 (Jun. 2014 ) + 225.645 (Sep. 2014 ) + 286.317 (Dec. 2014 ) + 219.294 (Mar. 2015 ) = $909 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.

Magellan Midstream Partners, L.P. Annual Data

Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14
ev2ebit 12.9013.4612.7910.8116.7720.2818.5921.4124.1922.53

Magellan Midstream Partners, L.P. Quarterly Data

Dec12Mar13Jun13Sep13Dec13Mar14Jun14Sep14Dec14Mar15
ev2ebit 21.4124.9824.8322.9724.1922.2326.5024.5222.5322.63
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