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Pier 1 Imports, Inc. (NYSE:PIR)
EV/EBIT
8.80 (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 $1,771 Mil. Pier 1 Imports, Inc.'s operating income for the trailing twelve months (TTM) ended in Feb. 2014 was $176 Mil. Therefore, Pier 1 Imports, Inc.'s EV/EBIT ratio for today is 8.80.

PIR' s 10-Year EV/EBIT Range
Min: 7   Max: 38.4
Current: 8.8

7
38.4

During the past 13 years, the highest EV/EBIT Ratio of Pier 1 Imports, Inc. was 38.40. The lowest was 7.00. And the median was 10.70.

PIR's EV/EBITis ranked higher than
78% of the 965 Companies
in the Global Home Improvement Stores industry.

( Industry Median: 13.30 vs. PIR: 8.80 )

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 Feb. 2014 was $0 Mil. Pier 1 Imports, Inc.'s Operating Income for the trailing twelve months (TTM) ended in Feb. 2014 was $176 Mil. Pier 1 Imports, Inc.'s Earnings Yield (Joel Greenblatt) for the quarter that ended in Feb. 2014 was 0.00%.


Definition

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

EV/EBIT=Enterprise Value (Today)/Operating Income (TTM)
=1770.838/175.5
=10.09

Pier 1 Imports, Inc.'s current Enterprise Value is $1,771 Mil.
Pier 1 Imports, Inc.'s Operating Income for the trailing twelve months (TTM) ended in Feb. 2014 was 33.215 (May. 2013 ) + 29.061 (Aug. 2013 ) + 43.094 (Nov. 2013 ) + 70.13 (Feb. 2014 ) = $176 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 Feb. 2014 is calculated as:

Earnings Yield (Joel Greenblatt) (Q: Feb. 2014 )=Operating Income (TTM)/Enterprise Value (Q: Feb. 2014 )
=175.5/0
= %

Pier 1 Imports, Inc.'s Enterprise Value for the quarter that ended in Feb. 2014 was $0 Mil.
Pier 1 Imports, Inc.'s Operating Income for the trailing twelve months (TTM) ended in Feb. 2014 was 33.215 (May. 2013 ) + 29.061 (Aug. 2013 ) + 43.094 (Nov. 2013 ) + 70.13 (Feb. 2014 ) = $176 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 14.290.000.000.000.000.008.6010.3710.890.00

Pier 1 Imports, Inc. Quarterly Data

Nov11Feb12May12Aug12Nov12Feb13May13Aug13Nov13Feb14
ev2ebit 9.7910.379.5410.8510.9110.8911.0010.9210.660.00
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