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

EV/EBIT ratio is calculated as enterprise value divided by its EBIT. As of today, National Grid PLC's enterprise value is $91,105 Mil. National Grid PLC's operating income for the trailing twelve months (TTM) ended in Mar. 2014 was $6,256 Mil. Therefore, National Grid PLC's EV/EBIT ratio for today is 14.34.

NGG' s 10-Year EV/EBIT Range
Min: 6.2   Max: 18
Current: 14.34

6.2
18

During the past 13 years, the highest EV/EBIT Ratio of National Grid PLC was 18.00. The lowest was 6.20. And the median was 12.20.

NGG's EV/EBITis ranked higher than
85% of the 886 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 18.52 vs. NGG: 14.34 )

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. 2014 was $89,817 Mil. National Grid PLC's Operating Income for the trailing twelve months (TTM) ended in Mar. 2014 was $6,256 Mil. National Grid PLC's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2014 was 6.96%.


Definition

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

EV/EBIT=Enterprise Value (Today)/Operating Income (TTM)
=91104.559/6256.28140704
=14.56

National Grid PLC's current Enterprise Value is $91,105 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. National Grid PLC's Operating Income for the trailing twelve months (TTM) ended in Mar. 2014 was $6,256 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. 2014 is calculated as:

Earnings Yield (Joel Greenblatt) (Q: Mar. 2014 )=Operating Income (TTM)/Enterprise Value (Q: Mar. 2014 )
=6256.28140704/89817.0744868
=6.97 %

National Grid PLC's Enterprise Value for the quarter that ended in Mar. 2014 was $89,817 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. National Grid PLC's Operating Income for the trailing twelve months (TTM) ended in Mar. 2014 was $6,256 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.

National Grid PLC Annual Data

Mar05Mar06Mar07Mar08Mar09Mar10Mar11Mar12Mar13Mar14
ev2ebit 18.0411.0213.3612.5214.1912.0911.0912.3313.6114.37

National Grid PLC Semi-Annual Data

Sep09Mar10Sep10Mar11Sep11Mar12Sep12Mar13Sep13Mar14
ev2ebit 0.0012.0910.8111.0911.8812.3312.0813.610.0014.37
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