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OneBeacon Insurance Group Ltd (NYSE:OB)
EV/EBIT
10.02 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its EBIT. As of today, OneBeacon Insurance Group Ltd's enterprise value is $1,491 Mil. OneBeacon Insurance Group Ltd's operating income for the trailing twelve months (TTM) ended in Mar. 2014 was $148 Mil. Therefore, OneBeacon Insurance Group Ltd's EV/EBIT ratio for today is 10.02.

OB' s 10-Year EV/EBIT Range
Min: 2.1   Max: 19.4
Current: 10.02

2.1
19.4

During the past 13 years, the highest EV/EBIT Ratio of OneBeacon Insurance Group Ltd was 19.40. The lowest was 2.10. And the median was 9.20.

OB's EV/EBITis ranked higher than
74% of the 117 Companies
in the Global Insurance - Specialty industry.

( Industry Median: 8.62 vs. OB: 10.02 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). OneBeacon Insurance Group Ltd's enterprise value for the quarter that ended in Mar. 2014 was $1,460 Mil. OneBeacon Insurance Group Ltd's Operating Income for the trailing twelve months (TTM) ended in Mar. 2014 was $148 Mil. OneBeacon Insurance Group Ltd's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2014 was 10.11%.


Definition

OneBeacon Insurance Group Ltd's EV/EBIT for today is calculated as:

EV/EBIT=Enterprise Value (Today)/Operating Income (TTM)
=1491.076/147.6
=10.10

OneBeacon Insurance Group Ltd's current Enterprise Value is $1,491 Mil.
OneBeacon Insurance Group Ltd's Operating Income for the trailing twelve months (TTM) ended in Mar. 2014 was -3 (Jun. 2013 ) + 35.9 (Sep. 2013 ) + 60.3 (Dec. 2013 ) + 54.4 (Mar. 2014 ) = $148 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).

OneBeacon Insurance Group Ltd'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 )
=147.6/1459.538
=10.11 %

OneBeacon Insurance Group Ltd's Enterprise Value for the quarter that ended in Mar. 2014 was $1,460 Mil.
OneBeacon Insurance Group Ltd's Operating Income for the trailing twelve months (TTM) ended in Mar. 2014 was -3 (Jun. 2013 ) + 35.9 (Sep. 2013 ) + 60.3 (Dec. 2013 ) + 54.4 (Mar. 2014 ) = $148 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.

OneBeacon Insurance Group Ltd Annual Data

Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13
ev2ebit 0.000.009.996.150.002.9811.2511.0912.538.06

OneBeacon Insurance Group Ltd Quarterly Data

Dec11Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14
ev2ebit 11.099.8210.445.9612.539.9112.5415.398.069.89
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