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

EV/EBIT ratio is calculated as enterprise value divided by its EBIT. As of today, Noble Corp's enterprise value is $13,147 Mil. Noble Corp's operating income for the trailing twelve months (TTM) ended in Dec. 2013 was $1,122 Mil. Therefore, Noble Corp's EV/EBIT ratio for today is 11.60.

NE' s 10-Year EV/EBIT Range
Min: 3.1   Max: 43.4
Current: 11.6

3.1
43.4

During the past 13 years, the highest EV/EBIT Ratio of Noble Corp was 43.40. The lowest was 3.10. And the median was 16.30.

NE's EV/EBITis ranked higher than
71% of the 145 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 12.67 vs. NE: 11.60 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). Noble Corp's enterprise value for the quarter that ended in Dec. 2013 was $15,665 Mil. Noble Corp's Operating Income for the trailing twelve months (TTM) ended in Dec. 2013 was $1,122 Mil. Noble Corp's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2013 was 7.16%.


Definition

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

EV/EBIT=Enterprise Value (Today)/Operating Income (TTM)
=13147.282/1121.558
=11.72

Noble Corp's current Enterprise Value is $13,147 Mil.
Noble Corp's Operating Income for the trailing twelve months (TTM) ended in Dec. 2013 was 229.791 (Mar. 2013 ) + 253.86 (Jun. 2013 ) + 378.381 (Sep. 2013 ) + 259.526 (Dec. 2013 ) = $1,122 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's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2013 is calculated as:

Earnings Yield (Joel Greenblatt) (Q: Dec. 2013 )=Operating Income (TTM)/Enterprise Value (Q: Dec. 2013 )
=1121.558/15664.5107
=7.16 %

Noble Corp's Enterprise Value for the quarter that ended in Dec. 2013 was $15,665 Mil.
Noble Corp's Operating Income for the trailing twelve months (TTM) ended in Dec. 2013 was 229.791 (Mar. 2013 ) + 253.86 (Jun. 2013 ) + 378.381 (Sep. 2013 ) + 259.526 (Dec. 2013 ) = $1,122 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.

Noble Corp Annual Data

Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13
ev2ebit 38.0728.4711.8110.613.275.3113.0324.7917.7813.97

Noble Corp Quarterly Data

Sep11Dec11Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13
ev2ebit 26.2324.7926.3118.4019.5517.7817.3617.4914.3513.97
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