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Noble Corp PLC (NYSE:NE)
EV/EBIT
25.85 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its Earnings Before Interest and Taxes (EBIT). As of today, Noble Corp PLC's enterprise value is $8,795 Mil. Noble Corp PLC's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2015 was $340 Mil. Therefore, Noble Corp PLC's EV/EBIT ratio for today is 25.85.

NE' s 10-Year EV/EBIT Range
Min: 2.7   Max: 38.1
Current: 25.83

2.7
38.1

During the past 13 years, the highest EV/EBIT Ratio of Noble Corp PLC was 38.10. The lowest was 2.70. And the median was 14.10.

NE's EV/EBITis ranked lower than
81% of the 43 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 9.20 vs. NE: 25.83 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). Noble Corp PLC's enterprise value for the quarter that ended in Mar. 2015 was $9,234 Mil. Noble Corp PLC's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2015 was $340 Mil. Noble Corp PLC's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2015 was 3.69%.


Definition

Noble Corp PLC's EV/EBIT for today is calculated as:

EV/EBIT=Enterprise Value (Today)/Earnings Before Interest and Taxes (EBIT) (TTM)
=8794.833/340.289
=25.85

Noble Corp PLC's current Enterprise Value is $8,795 Mil.
Noble Corp PLC's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2015 was 346.248 (Jun. 2014 ) + 246.393 (Sep. 2014 ) + -543.293 (Dec. 2014 ) + 290.941 (Mar. 2015 ) = $340 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).

Noble Corp PLC'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 )
=340.289/9233.79
=3.69 %

Noble Corp PLC's Enterprise Value for the quarter that ended in Mar. 2015 was $9,234 Mil.
Noble Corp PLC's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2015 was 346.248 (Jun. 2014 ) + 246.393 (Sep. 2014 ) + -543.293 (Dec. 2014 ) + 290.941 (Mar. 2015 ) = $340 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.

Noble Corp PLC Annual Data

Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14
ev2ebit 24.4910.299.252.874.6211.6122.7516.2515.7832.26

Noble Corp PLC Quarterly Data

Dec12Mar13Jun13Sep13Dec13Mar14Jun14Sep14Dec14Mar15
ev2ebit 16.2515.8916.0715.1315.7814.2913.4610.4832.2627.14
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