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

EV/EBIT ratio is calculated as enterprise value divided by its Earnings Before Interest and Taxes (EBIT). As of today, PennantPark Floating Rate Capital Ltd's enterprise value is $445.98 Mil. PennantPark Floating Rate Capital Ltd's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2016 was $13.78 Mil. Therefore, PennantPark Floating Rate Capital Ltd's EV/EBIT ratio for today is 32.37.

PFLT' s EV/EBIT Range Over the Past 10 Years
Min: 8.6   Max: 32.6
Current: 32.36

8.6
32.6

During the past 5 years, the highest EV/EBIT Ratio of PennantPark Floating Rate Capital Ltd was 32.60. The lowest was 8.60. And the median was 16.20.

PFLT's EV/EBIT is ranked lower than
80% of the 974 Companies
in the Global Asset Management industry.

( Industry Median: 13.40 vs. PFLT: 32.36 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). PennantPark Floating Rate Capital Ltd's enterprise value for the quarter that ended in Mar. 2016 was $427.29 Mil. PennantPark Floating Rate Capital Ltd's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2016 was $13.78 Mil. PennantPark Floating Rate Capital Ltd's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2016 was 3.22%.


Definition

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

EV/EBIT=Enterprise Value (Today)/Earnings Before Interest and Taxes (EBIT) (TTM)
=445.980/13.778
=32.37

PennantPark Floating Rate Capital Ltd's current Enterprise Value is $445.98 Mil.
PennantPark Floating Rate Capital Ltd's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2016 was 5.513 (Jun. 2015 ) + 2.019 (Sep. 2015 ) + 2.687 (Dec. 2015 ) + 3.559 (Mar. 2016 ) = $13.78 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 Ltd'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 )
=13.778/427.287
=3.22 %

PennantPark Floating Rate Capital Ltd's Enterprise Value for the quarter that ended in Mar. 2016 was $427.29 Mil.
PennantPark Floating Rate Capital Ltd's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2016 was 5.513 (Jun. 2015 ) + 2.019 (Sep. 2015 ) + 2.687 (Dec. 2015 ) + 3.559 (Mar. 2016 ) = $13.78 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.

PennantPark Floating Rate Capital Ltd Annual Data

Sep11Sep12Sep13Sep14Sep15
ev2ebit 0.000.000.000.000.000.0013.1421.7014.1420.77

PennantPark Floating Rate Capital Ltd Quarterly Data

Dec13Mar14Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16
ev2ebit 18.408.7713.3614.1417.8318.4019.9020.7722.3431.01
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