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ArcelorMittal SA (NYSE:MT)
EV/EBIT
-10.73 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its Earnings Before Interest and Taxes (EBIT). As of today, ArcelorMittal SA's enterprise value is $33,938 Mil. ArcelorMittal SA's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2016 was $-3,164 Mil. Therefore, ArcelorMittal SA's EV/EBIT ratio for today is -10.73.

During the past 13 years, the highest EV/EBIT Ratio of ArcelorMittal SA was 43.90. The lowest was -1395.70. And the median was 7.55.

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). ArcelorMittal SA's enterprise value for the quarter that ended in Jun. 2016 was $29,348 Mil. ArcelorMittal SA's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2016 was $-3,164 Mil. ArcelorMittal SA's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2016 was -10.78%.


Definition

ArcelorMittal SA's EV/EBIT for today is calculated as:

EV/EBIT=Enterprise Value (Today)/Earnings Before Interest and Taxes (EBIT) (TTM)
=33937.860/-3164
=-10.73

ArcelorMittal SA's current Enterprise Value is $33,938 Mil.
ArcelorMittal SA's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2016 was 20 (Sep. 2015 ) + -5331 (Dec. 2015 ) + 275 (Mar. 2016 ) + 1872 (Jun. 2016 ) = $-3,164 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).

ArcelorMittal SA's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2016 is calculated as:

Earnings Yield (Joel Greenblatt) (Q: Jun. 2016 )=EBIT (TTM)/Enterprise Value (Q: Jun. 2016 )
=-3164/29347.62
=-10.78 %

ArcelorMittal SA's Enterprise Value for the quarter that ended in Jun. 2016 was $29,348 Mil.
ArcelorMittal SA's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2016 was 20 (Sep. 2015 ) + -5331 (Dec. 2015 ) + 275 (Mar. 2016 ) + 1872 (Jun. 2016 ) = $-3,164 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.

ArcelorMittal SA Annual Data

Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15
ev2ebit 11.977.144.83-29.9417.539.24-21.53-107.5628.04-6.08

ArcelorMittal SA Quarterly Data

Mar14Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16
ev2ebit -1,381.7943.0341.8228.0428.9429.8930.81-6.08-7.31-8.75
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