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GuruFocus has detected 6 Warning Signs with Nexstar Media Group Inc $NXST.
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Nexstar Media Group Inc (NAS:NXST)
EV/EBIT
21.73 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its Earnings Before Interest and Taxes (EBIT). As of today, Nexstar Media Group Inc's enterprise value is $5,695 Mil. Nexstar Media Group Inc's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2016 was $262 Mil. Therefore, Nexstar Media Group Inc's EV/EBIT ratio for today is 21.73.

NXST' s EV/EBIT Range Over the Past 10 Years
Min: -441.2   Max: 97.9
Current: 21.74

-441.2
97.9

During the past 13 years, the highest EV/EBIT Ratio of Nexstar Media Group Inc was 97.90. The lowest was -441.20. And the median was 16.90.

NXST's EV/EBIT is ranked lower than
61% of the 340 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 18.73 vs. NXST: 21.74 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). Nexstar Media Group Inc's enterprise value for the quarter that ended in Sep. 2016 was $4,206 Mil. Nexstar Media Group Inc's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2016 was $262 Mil. Nexstar Media Group Inc's Earnings Yield (Joel Greenblatt) for the quarter that ended in Sep. 2016 was 6.23%.


Definition

Nexstar Media Group Inc's EV/EBIT for today is calculated as:

EV/EBIT=Enterprise Value (Today)/Earnings Before Interest and Taxes (EBIT) (TTM)
=5694.907/262.032
=21.73

Nexstar Media Group Inc's current Enterprise Value is $5,695 Mil.
Nexstar Media Group Inc's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2016 was 67.346 (Dec. 2015 ) + 57.929 (Mar. 2016 ) + 63.86 (Jun. 2016 ) + 72.897 (Sep. 2016 ) = $262 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's 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).

Nexstar Media Group Inc's Earnings Yield (Joel Greenblatt) for the quarter that ended in Sep. 2016 is calculated as:

Earnings Yield (Joel Greenblatt) (Q: Sep. 2016 )=EBIT (TTM)/Enterprise Value (Q: Sep. 2016 )
=262.032/4205.744
=6.23 %

Nexstar Media Group Inc's Enterprise Value for the quarter that ended in Sep. 2016 was $4,206 Mil.
Nexstar Media Group Inc's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2016 was 67.346 (Dec. 2015 ) + 57.929 (Mar. 2016 ) + 63.86 (Jun. 2016 ) + 72.897 (Sep. 2016 ) = $262 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's 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 local exchange's currency.

Nexstar Media Group Inc Annual Data

Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15
ev2ebit 17.2122.51-19.4529.2813.5718.0211.0126.5115.6215.71

Nexstar Media Group Inc Quarterly Data

Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16
ev2ebit 22.1416.6515.6217.9716.1814.0615.7112.6812.3316.05
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