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National Grid PLC (NYSE:NGG)
EV/EBIT
15.66 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its Earnings Before Interest and Taxes (EBIT). As of today, National Grid PLC's enterprise value is $86,157 Mil. National Grid PLC's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2015 was $5,501 Mil. Therefore, National Grid PLC's EV/EBIT ratio for today is 15.66.

NGG' s 10-Year EV/EBIT Range
Min: 10.5   Max: 19
Current: 15.31

10.5
19

During the past 13 years, the highest EV/EBIT Ratio of National Grid PLC was 19.00. The lowest was 10.50. And the median was 13.20.

NGG's EV/EBITis ranked lower than
57% of the 515 Companies
in the Global Utilities - Diversified industry.

( Industry Median: 14.00 vs. NGG: 15.31 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). National Grid PLC's enterprise value for the quarter that ended in Mar. 2015 was $84,967 Mil. National Grid PLC's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2015 was $5,501 Mil. National Grid PLC's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2015 was 6.47%.


Definition

National Grid PLC's EV/EBIT for today is calculated as:

EV/EBIT=Enterprise Value (Today)/Earnings Before Interest and Taxes (EBIT) (TTM)
=86157.387/5500.74738416
=15.66

National Grid PLC's current Enterprise Value is $86,157 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. National Grid PLC's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2015 was $5,501 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).

National Grid 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 )
=5500.74738416/84967.1722132
=6.47 %

National Grid PLC's Enterprise Value for the quarter that ended in Mar. 2015 was $84,967 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. National Grid PLC's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2015 was $5,501 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.

National Grid PLC Annual Data

Mar06Mar07Mar08Mar09Mar10Mar11Mar12Mar13Mar14Mar15
ev2ebit 7.729.188.569.659.148.189.0013.2813.7715.45

National Grid PLC Semi-Annual Data

Sep10Mar11Sep11Mar12Sep12Mar13Sep13Mar14Sep14Mar15
ev2ebit 10.818.1811.889.0012.0813.280.0013.770.0015.45
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