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National Oilwell Varco Inc (NYSE:NOV)
EV/EBIT
-7.34 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its Earnings Before Interest and Taxes (EBIT). As of today, National Oilwell Varco Inc's enterprise value is $14,315 Mil. National Oilwell Varco Inc's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2016 was $-1,950 Mil. Therefore, National Oilwell Varco Inc's EV/EBIT ratio for today is -7.34.

During the past 13 years, the highest EV/EBIT Ratio of National Oilwell Varco Inc was 29.20. The lowest was -33.10. And the median was 8.50.

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). National Oilwell Varco Inc's enterprise value for the quarter that ended in Jun. 2016 was $14,376 Mil. National Oilwell Varco Inc's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2016 was $-1,950 Mil. National Oilwell Varco Inc's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2016 was -13.56%.


Definition

National Oilwell Varco Inc's EV/EBIT for today is calculated as:

EV/EBIT=Enterprise Value (Today)/Earnings Before Interest and Taxes (EBIT) (TTM)
=14315.005/-1950
=-7.34

National Oilwell Varco Inc's current Enterprise Value is $14,315 Mil.
National Oilwell Varco Inc's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2016 was 216 (Sep. 2015 ) + -1647 (Dec. 2015 ) + -211 (Mar. 2016 ) + -308 (Jun. 2016 ) = $-1,950 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 Oilwell Varco Inc'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 )
=-1950/14376.0785
=-13.56 %

National Oilwell Varco Inc's Enterprise Value for the quarter that ended in Jun. 2016 was $14,376 Mil.
National Oilwell Varco Inc's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2016 was 216 (Sep. 2015 ) + -1647 (Dec. 2015 ) + -211 (Mar. 2016 ) + -308 (Jun. 2016 ) = $-1,950 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 Oilwell Varco Inc Annual Data

Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15
ev2ebit 8.7410.942.856.639.487.787.749.267.55-29.86

National Oilwell Varco Inc Quarterly Data

Mar14Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16
ev2ebit 8.849.828.737.556.357.298.11-29.86-10.96-7.37
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