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PennantPark Floating Rate Capital (NAS:PFLT)
EV/EBIT
13.80 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its EBIT. As of today, PennantPark Floating Rate Capital's enterprise value is $203.25 Mil. PennantPark Floating Rate Capital's operating income for the trailing twelve months (TTM) ended in Jun. 2014 was $14.90 Mil. Therefore, PennantPark Floating Rate Capital's EV/EBIT ratio for today is 13.80.

PFLT' s 10-Year EV/EBIT Range
Min: 11.9   Max: 29.6
Current: 13.8

11.9
29.6

During the past 3 years, the highest EV/EBIT Ratio of PennantPark Floating Rate Capital was 29.60. The lowest was 11.90. And the median was 14.90.

PFLT's EV/EBITis ranked higher than
75% of the 1486 Companies
in the Global Asset Management industry.

( Industry Median: 24.26 vs. PFLT: 13.80 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). PennantPark Floating Rate Capital's enterprise value for the quarter that ended in Jun. 2014 was $356.99 Mil. PennantPark Floating Rate Capital's Operating Income for the trailing twelve months (TTM) ended in Jun. 2014 was $14.90 Mil. PennantPark Floating Rate Capital's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2014 was 4.17%.


Definition

PennantPark Floating Rate Capital's EV/EBIT for today is calculated as:

EV/EBIT=Enterprise Value (Today)/Operating Income (TTM)
=203.251/14.897
=13.64

PennantPark Floating Rate Capital's current Enterprise Value is $203.25 Mil.
PennantPark Floating Rate Capital's Operating Income for the trailing twelve months (TTM) ended in Jun. 2014 was 3.581 (Sep. 2013 ) + 3.228 (Dec. 2013 ) + 3.725 (Mar. 2014 ) + 4.363 (Jun. 2014 ) = $14.90 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).

PennantPark Floating Rate Capital's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2014 is calculated as:

Earnings Yield (Joel Greenblatt) (Q: Jun. 2014 )=Operating Income (TTM)/Enterprise Value (Q: Jun. 2014 )
=14.897/356.986
=4.17 %

PennantPark Floating Rate Capital's Enterprise Value for the quarter that ended in Jun. 2014 was $356.99 Mil.
PennantPark Floating Rate Capital's Operating Income for the trailing twelve months (TTM) ended in Jun. 2014 was 3.581 (Sep. 2013 ) + 3.228 (Dec. 2013 ) + 3.725 (Mar. 2014 ) + 4.363 (Jun. 2014 ) = $14.90 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.

PennantPark Floating Rate Capital Annual Data

Sep11Sep12Sep13
ev2ebit 0.000.000.000.000.000.000.000.000.0018.83

PennantPark Floating Rate Capital Quarterly Data

Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14Jun14
ev2ebit 0.000.000.0011.8718.9526.4318.8328.9514.6023.96
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