Switch to:
Morgan Stanley (NYSE:MS)
EV/EBIT
23.75 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its Earnings Before Interest and Taxes (EBIT). As of today, Morgan Stanley's enterprise value is $167,569 Mil. Morgan Stanley's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2015 was $7,056 Mil. Therefore, Morgan Stanley's EV/EBIT ratio for today is 23.75.

MS' s EV/EBIT Range Over the Past 10 Years
Min: -473   Max: 848.2
Current: 23.33

-473
848.2

During the past 13 years, the highest EV/EBIT Ratio of Morgan Stanley was 848.20. The lowest was -473.00. And the median was 36.45.

MS's EV/EBIT is ranked lower than
82% of the 596 Companies
in the Global Capital Markets industry.

( Industry Median: 15.15 vs. MS: 23.33 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). Morgan Stanley's enterprise value for the quarter that ended in Sep. 2015 was $178,509 Mil. Morgan Stanley's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2015 was $7,056 Mil. Morgan Stanley's Earnings Yield (Joel Greenblatt) for the quarter that ended in Sep. 2015 was 3.95%.


Definition

Morgan Stanley's EV/EBIT for today is calculated as:

EV/EBIT=Enterprise Value (Today)/Earnings Before Interest and Taxes (EBIT) (TTM)
=167569.476/7056
=23.75

Morgan Stanley's current Enterprise Value is $167,569 Mil.
Morgan Stanley's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2015 was 0 (Dec. 2014 ) + 2855 (Mar. 2015 ) + 2727 (Jun. 2015 ) + 1474 (Sep. 2015 ) = $7,056 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).

Morgan Stanley's Earnings Yield (Joel Greenblatt) for the quarter that ended in Sep. 2015 is calculated as:

Earnings Yield (Joel Greenblatt) (Q: Sep. 2015 )=EBIT (TTM)/Enterprise Value (Q: Sep. 2015 )
=7056/178509.205
=3.95 %

Morgan Stanley's Enterprise Value for the quarter that ended in Sep. 2015 was $178,509 Mil.
Morgan Stanley's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2015 was 0 (Dec. 2014 ) + 2855 (Mar. 2015 ) + 2727 (Jun. 2015 ) + 1474 (Sep. 2015 ) = $7,056 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.

Morgan Stanley Annual Data

Nov06Nov07Nov08Dec09Dec10Dec11Dec12Dec13Dec14Dec15
ev2ebit 88.1058.2427.40731.5939.5130.38-442.2529.1224.910.00

Morgan Stanley Quarterly Data

Sep13Dec13Mar14Jun14Sep14Dec14Mar15Jun15Sep15Dec15
ev2ebit 30.3529.1227.4028.4321.4724.9122.4025.5425.300.00
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)

GuruFocus Premium Plus Membership

FEEDBACK