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MWI Veterinary Supply Inc (NAS:MWIV)
EV/EBIT
18.24 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its EBIT. As of today, MWI Veterinary Supply Inc's enterprise value is $1,949 Mil. MWI Veterinary Supply Inc's operating income for the trailing twelve months (TTM) ended in Mar. 2014 was $107 Mil. Therefore, MWI Veterinary Supply Inc's EV/EBIT ratio for today is 18.24.

MWIV' s 10-Year EV/EBIT Range
Min: 7.5   Max: 24
Current: 18.24

7.5
24

During the past 13 years, the highest EV/EBIT Ratio of MWI Veterinary Supply Inc was 24.00. The lowest was 7.50. And the median was 16.10.

MWIV's EV/EBITis ranked higher than
68% of the 56 Companies
in the Global Medical Distribution industry.

( Industry Median: 22.20 vs. MWIV: 18.24 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). MWI Veterinary Supply Inc's enterprise value for the quarter that ended in Mar. 2014 was $2,111 Mil. MWI Veterinary Supply Inc's Operating Income for the trailing twelve months (TTM) ended in Mar. 2014 was $107 Mil. MWI Veterinary Supply Inc's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2014 was 5.05%.


Definition

MWI Veterinary Supply Inc's EV/EBIT for today is calculated as:

EV/EBIT=Enterprise Value (Today)/Operating Income (TTM)
=1949.151/106.645
=18.28

MWI Veterinary Supply Inc's current Enterprise Value is $1,949 Mil.
MWI Veterinary Supply Inc's Operating Income for the trailing twelve months (TTM) ended in Mar. 2014 was 26.534 (Jun. 2013 ) + 22.474 (Sep. 2013 ) + 30.206 (Dec. 2013 ) + 27.431 (Mar. 2014 ) = $107 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).

MWI Veterinary Supply Inc's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2014 is calculated as:

Earnings Yield (Joel Greenblatt) (Q: Mar. 2014 )=Operating Income (TTM)/Enterprise Value (Q: Mar. 2014 )
=106.645/2111.4472
=5.05 %

MWI Veterinary Supply Inc's Enterprise Value for the quarter that ended in Mar. 2014 was $2,111 Mil.
MWI Veterinary Supply Inc's Operating Income for the trailing twelve months (TTM) ended in Mar. 2014 was 26.534 (Jun. 2013 ) + 22.474 (Sep. 2013 ) + 30.206 (Dec. 2013 ) + 27.431 (Mar. 2014 ) = $107 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.


Related Terms

Enterprise Value, Operating Income, Earnings Yield (Joel Greenblatt)


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

MWI Veterinary Supply Inc Annual Data

Sep04Sep05Sep06Sep07Sep08Sep09Sep10Sep11Sep12Sep13
ev2ebit 0.0022.4116.7916.7214.5311.6913.4912.6916.4619.23

MWI Veterinary Supply Inc Quarterly Data

Dec11Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14
ev2ebit 12.3615.3716.7216.4615.9618.6416.2919.2322.1719.80
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