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Pier 1 Imports Inc (NYSE:PIR)
EV/EBIT
9.19 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its EBIT. As of today, Pier 1 Imports Inc's enterprise value is $1,430 Mil. Pier 1 Imports Inc's operating income for the trailing twelve months (TTM) ended in Aug. 2014 was $156 Mil. Therefore, Pier 1 Imports Inc's EV/EBIT ratio for today is 9.19.

PIR' s 10-Year EV/EBIT Range
Min: -289.5   Max: 56.2
Current: 9.19

-289.5
56.2

During the past 13 years, the highest EV/EBIT Ratio of Pier 1 Imports Inc was 56.20. The lowest was -289.50. And the median was 9.00.

PIR's EV/EBITis ranked higher than
88% of the 1357 Companies
in the Global Home Improvement Stores industry.

( Industry Median: 17.88 vs. PIR: 9.19 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). Pier 1 Imports Inc's enterprise value for the quarter that ended in Aug. 2014 was $1,615 Mil. Pier 1 Imports Inc's Operating Income for the trailing twelve months (TTM) ended in Aug. 2014 was $156 Mil. Pier 1 Imports Inc's Earnings Yield (Joel Greenblatt) for the quarter that ended in Aug. 2014 was 9.63%.


Definition

Pier 1 Imports Inc's EV/EBIT for today is calculated as:

EV/EBIT=Enterprise Value (Today)/Operating Income (TTM)
=1430.415/155.583
=9.19

Pier 1 Imports Inc's current Enterprise Value is $1,430 Mil.
Pier 1 Imports Inc's Operating Income for the trailing twelve months (TTM) ended in Aug. 2014 was 43.094 (Nov. 2013 ) + 70.13 (Feb. 2014 ) + 25.83 (May. 2014 ) + 16.529 (Aug. 2014 ) = $156 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).

Pier 1 Imports Inc's Earnings Yield (Joel Greenblatt) for the quarter that ended in Aug. 2014 is calculated as:

Earnings Yield (Joel Greenblatt) (Q: Aug. 2014 )=Operating Income (TTM)/Enterprise Value (Q: Aug. 2014 )
=155.583/1615.0926
=9.63 %

Pier 1 Imports Inc's Enterprise Value for the quarter that ended in Aug. 2014 was $1,615 Mil.
Pier 1 Imports Inc's Operating Income for the trailing twelve months (TTM) ended in Aug. 2014 was 43.094 (Nov. 2013 ) + 70.13 (Feb. 2014 ) + 25.83 (May. 2014 ) + 16.529 (Aug. 2014 ) = $156 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.

Pier 1 Imports Inc Annual Data

Feb05Feb06Feb07Feb08Feb09Feb10Feb11Feb12Feb13Feb14
ev2ebit 14.63-19.90-2.72-6.29-0.39-170.248.6010.3710.8910.41

Pier 1 Imports Inc Quarterly Data

May12Aug12Nov12Feb13May13Aug13Nov13Feb14May14Aug14
ev2ebit 9.5410.8510.9110.8911.0010.9210.6110.419.7610.38
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