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Newfield Exploration Co (NYSE:NFX)
EV/EBIT
-2.91 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its Earnings Before Interest and Taxes (EBIT). As of today, Newfield Exploration Co's enterprise value is $11,033 Mil. Newfield Exploration Co's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2016 was $-3,790 Mil. Therefore, Newfield Exploration Co's EV/EBIT ratio for today is -2.91.

During the past 13 years, the highest EV/EBIT Ratio of Newfield Exploration Co was 47.40. The lowest was -46.20. And the median was 9.40.

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). Newfield Exploration Co's enterprise value for the quarter that ended in Jun. 2016 was $11,039 Mil. Newfield Exploration Co's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2016 was $-3,790 Mil. Newfield Exploration Co's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2016 was -34.33%.


Definition

Newfield Exploration Co's EV/EBIT for today is calculated as:

EV/EBIT=Enterprise Value (Today)/Earnings Before Interest and Taxes (EBIT) (TTM)
=11033.370/-3790
=-2.91

Newfield Exploration Co's current Enterprise Value is $11,033 Mil.
Newfield Exploration Co's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2016 was -1863 (Sep. 2015 ) + -702 (Dec. 2015 ) + -594 (Mar. 2016 ) + -631 (Jun. 2016 ) = $-3,790 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).

Newfield Exploration Co'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 )
=-3790/11038.7062
=-34.33 %

Newfield Exploration Co's Enterprise Value for the quarter that ended in Jun. 2016 was $11,039 Mil.
Newfield Exploration Co's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2016 was -1863 (Sep. 2015 ) + -702 (Dec. 2015 ) + -594 (Mar. 2016 ) + -631 (Jun. 2016 ) = $-3,790 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.

Newfield Exploration Co Annual Data

Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15
ev2ebit 7.0421.78-9.94-10.3412.8911.25-5.9219.705.58-1.62

Newfield Exploration Co Quarterly Data

Mar14Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16
ev2ebit 16.2137.0611.335.5821.94-7.10-2.25-1.62-1.81-2.91
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