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Morningstar Inc (NAS:MORN)
EV/EBIT
32.64 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its Earnings Before Interest and Taxes (EBIT). As of today, Morningstar Inc's enterprise value is $3,641.8 Mil. Morningstar Inc's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2015 was $111.6 Mil. Therefore, Morningstar Inc's EV/EBIT ratio for today is 32.64.

MORN' s 10-Year EV/EBIT Range
Min: 7.5   Max: 47.9
Current: 32.64

7.5
47.9

During the past 13 years, the highest EV/EBIT Ratio of Morningstar Inc was 47.90. The lowest was 7.50. And the median was 20.20.

MORN's EV/EBITis ranked lower than
81% of the 540 Companies
in the Global Business Services industry.

( Industry Median: 14.87 vs. MORN: 32.64 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). Morningstar Inc's enterprise value for the quarter that ended in Mar. 2015 was $3,128.8 Mil. Morningstar Inc's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2015 was $111.6 Mil. Morningstar Inc's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2015 was 3.57%.


Definition

Morningstar Inc's EV/EBIT for today is calculated as:

EV/EBIT=Enterprise Value (Today)/Earnings Before Interest and Taxes (EBIT) (TTM)
=3641.794/111.562
=32.64

Morningstar Inc's current Enterprise Value is $3,641.8 Mil.
Morningstar Inc's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2015 was -24.78 (Jun. 2014 ) + 45.261 (Sep. 2014 ) + 46.581 (Dec. 2014 ) + 44.5 (Mar. 2015 ) = $111.6 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).

Morningstar Inc'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 )
=111.562/3128.804
=3.57 %

Morningstar Inc's Enterprise Value for the quarter that ended in Mar. 2015 was $3,128.8 Mil.
Morningstar Inc's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2015 was -24.78 (Jun. 2014 ) + 45.261 (Sep. 2014 ) + 46.581 (Dec. 2014 ) + 44.5 (Mar. 2015 ) = $111.6 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.

Morningstar Inc Annual Data

Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14
ev2ebit 26.7222.4327.539.8016.1718.8618.1217.2818.8325.35

Morningstar Inc Quarterly Data

Dec12Mar13Jun13Sep13Dec13Mar14Jun14Sep14Dec14Mar15
ev2ebit 17.2818.1820.0019.7018.8319.4129.8528.1125.3528.05
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