Switch to:
PennantPark Floating Rate Capital (NAS:PFLT)
EV/EBIT
18.31 (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's enterprise value is $309.35 Mil. PennantPark Floating Rate Capital's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2015 was $16.90 Mil. Therefore, PennantPark Floating Rate Capital's EV/EBIT ratio for today is 18.31.

PFLT' s 10-Year EV/EBIT Range
Min: 11.9   Max: 29.6
Current: 18.29

11.9
29.6

During the past 4 years, the highest EV/EBIT Ratio of PennantPark Floating Rate Capital was 29.60. The lowest was 11.90. And the median was 19.00.

PFLT's EV/EBITis ranked lower than
65% of the 970 Companies
in the Global Asset Management industry.

( Industry Median: 13.41 vs. PFLT: 18.29 )

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. 2015 was $336.35 Mil. PennantPark Floating Rate Capital's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2015 was $16.90 Mil. PennantPark Floating Rate Capital's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2015 was 5.02%.


Definition

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

EV/EBIT=Enterprise Value (Today)/Earnings Before Interest and Taxes (EBIT) (TTM)
=309.345/16.898
=18.31

PennantPark Floating Rate Capital's current Enterprise Value is $309.35 Mil.
PennantPark Floating Rate Capital's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2015 was 3.161 (Sep. 2014 ) + 1.324 (Dec. 2014 ) + 6.9 (Mar. 2015 ) + 5.513 (Jun. 2015 ) = $16.90 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. 2015 is calculated as:

Earnings Yield (Joel Greenblatt) (Q: Jun. 2015 )=EBIT (TTM)/Enterprise Value (Q: Jun. 2015 )
=16.898/336.351
=5.02 %

PennantPark Floating Rate Capital's Enterprise Value for the quarter that ended in Jun. 2015 was $336.35 Mil.
PennantPark Floating Rate Capital's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2015 was 3.161 (Sep. 2014 ) + 1.324 (Dec. 2014 ) + 6.9 (Mar. 2015 ) + 5.513 (Jun. 2015 ) = $16.90 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.


Related Terms

Enterprise Value, 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 Annual Data

Sep11Sep12Sep13Sep14
ev2ebit 0.000.000.000.000.000.000.000.0021.7014.14

PennantPark Floating Rate Capital Quarterly Data

Mar13Jun13Sep13Dec13Mar14Jun14Sep14Dec14Mar15Jun15
ev2ebit 12.1118.2721.7018.408.7713.3614.1417.8318.4019.90
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)

GuruFocus Premium Plus Membership

FEEDBACK