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ONEOK Partners LP (NYSE:OKS)
EV/EBIT
18.24 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its Earnings Before Interest and Taxes (EBIT). As of today, ONEOK Partners LP's enterprise value is $19,361 Mil. ONEOK Partners LP's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2016 was $1,061 Mil. Therefore, ONEOK Partners LP's EV/EBIT ratio for today is 18.24.

OKS' s EV/EBIT Range Over the Past 10 Years
Min: 8.3   Max: 18.6
Current: 18.25

8.3
18.6

During the past 13 years, the highest EV/EBIT Ratio of ONEOK Partners LP was 18.60. The lowest was 8.30. And the median was 14.30.

OKS's EV/EBIT is ranked higher than
64% of the 107 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 21.30 vs. OKS: 18.25 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). ONEOK Partners LP's enterprise value for the quarter that ended in Mar. 2016 was $16,720 Mil. ONEOK Partners LP's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2016 was $1,061 Mil. ONEOK Partners LP's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2016 was 6.35%.


Definition

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

EV/EBIT=Enterprise Value (Today)/Earnings Before Interest and Taxes (EBIT) (TTM)
=19360.876/1061.295
=18.24

ONEOK Partners LP's current Enterprise Value is $19,361 Mil.
ONEOK Partners LP's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2016 was 300.578 (Jun. 2015 ) + 316.175 (Sep. 2015 ) + 93.673 (Dec. 2015 ) + 350.869 (Mar. 2016 ) = $1,061 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).

ONEOK Partners LP's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2016 is calculated as:

Earnings Yield (Joel Greenblatt) (Q: Mar. 2016 )=EBIT (TTM)/Enterprise Value (Q: Mar. 2016 )
=1061.295/16719.989
=6.35 %

ONEOK Partners LP's Enterprise Value for the quarter that ended in Mar. 2016 was $16,720 Mil.
ONEOK Partners LP's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2016 was 300.578 (Jun. 2015 ) + 316.175 (Sep. 2015 ) + 93.673 (Dec. 2015 ) + 350.869 (Mar. 2016 ) = $1,061 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.

ONEOK Partners LP Annual Data

Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15
ev2ebit 12.6414.049.4212.9714.3014.6414.6217.2514.3117.13

ONEOK Partners LP Quarterly Data

Dec13Mar14Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16
ev2ebit 17.2515.7916.9317.1614.3116.5515.0313.1817.1315.75
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