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NGL Energy Partners LP (NYSE:NGL)
EV/EBIT
59.37 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its EBIT. As of today, NGL Energy Partners LP's enterprise value is $4,592 Mil. NGL Energy Partners LP's operating income for the trailing twelve months (TTM) ended in Dec. 2013 was $77 Mil. Therefore, NGL Energy Partners LP's EV/EBIT ratio for today is 59.37.

NGL' s 10-Year EV/EBIT Range
Min: 21.6   Max: 4050.6
Current: 59.37

21.6
4050.6

During the past 4 years, the highest EV/EBIT Ratio of NGL Energy Partners LP was 4050.60. The lowest was 21.60. And the median was 47.70.

NGL's EV/EBITis ranked lower than
62% of the 154 Companies
in the Global Oil & Gas Refining & Marketing industry.

( Industry Median: 11.43 vs. NGL: 59.37 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). NGL Energy Partners LP's enterprise value for the quarter that ended in Dec. 2013 was $4,260 Mil. NGL Energy Partners LP's Operating Income for the trailing twelve months (TTM) ended in Dec. 2013 was $77 Mil. NGL Energy Partners LP's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2013 was 1.82%.


Definition

NGL Energy Partners LP's EV/EBIT for today is calculated as:

EV/EBIT=Enterprise Value (Today)/Operating Income (TTM)
=4591.589/77.345
=59.37

NGL Energy Partners LP's current Enterprise Value is $4,592 Mil.
NGL Energy Partners LP's Operating Income for the trailing twelve months (TTM) ended in Dec. 2013 was 33.573 (Mar. 2013 ) + -7.342 (Jun. 2013 ) + 9.945 (Sep. 2013 ) + 41.169 (Dec. 2013 ) = $77 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).

NGL Energy Partners LP'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 )
=77.345/4260.49
=1.82 %

NGL Energy Partners LP's Enterprise Value for the quarter that ended in Dec. 2013 was $4,260 Mil.
NGL Energy Partners LP's Operating Income for the trailing twelve months (TTM) ended in Dec. 2013 was 33.573 (Mar. 2013 ) + -7.342 (Jun. 2013 ) + 9.945 (Sep. 2013 ) + 41.169 (Dec. 2013 ) = $77 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.

NGL Energy Partners LP Annual Data

Mar09Mar10Mar12Mar13
ev2ebit 0.000.000.000.000.000.000.000.0054.1325.03

NGL Energy Partners LP Quarterly Data

Sep11Dec11Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13
ev2ebit 0.000.0054.13302.7064.1929.2425.0325.3735.0555.08
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