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Douglas Dynamics, Inc. (NYSE:PLOW)
EV/EBIT
17.20 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its EBIT. As of today, Douglas Dynamics, Inc.'s enterprise value is $475.7 Mil. Douglas Dynamics, Inc.'s operating income for the trailing twelve months (TTM) ended in Dec. 2013 was $27.5 Mil. Therefore, Douglas Dynamics, Inc.'s EV/EBIT ratio for today is 17.20.

PLOW' s 10-Year EV/EBIT Range
Min: 9.4   Max: 41
Current: 17.2

9.4
41

During the past 7 years, the highest EV/EBIT Ratio of Douglas Dynamics, Inc. was 41.00. The lowest was 9.40. And the median was 16.10.

PLOW's EV/EBITis ranked lower than
53% of the 1050 Companies
in the Global Auto Parts industry.

( Industry Median: 12.08 vs. PLOW: 17.20 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). Douglas Dynamics, Inc.'s enterprise value for the quarter that ended in Dec. 2013 was $477.9 Mil. Douglas Dynamics, Inc.'s Operating Income for the trailing twelve months (TTM) ended in Dec. 2013 was $27.5 Mil. Douglas Dynamics, Inc.'s Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2013 was 5.76%.


Definition

Douglas Dynamics, Inc.'s EV/EBIT for today is calculated as:

EV/EBIT=Enterprise Value (Today)/Operating Income (TTM)
=475.651/27.506
=17.29

Douglas Dynamics, Inc.'s current Enterprise Value is $475.7 Mil.
Douglas Dynamics, Inc.'s Operating Income for the trailing twelve months (TTM) ended in Dec. 2013 was -3.529 (Mar. 2013 ) + 11.384 (Jun. 2013 ) + 2.864 (Sep. 2013 ) + 16.787 (Dec. 2013 ) = $27.5 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).

Douglas Dynamics, Inc.'s Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2013 is calculated as:

Earnings Yield (Joel Greenblatt) (Q: Dec. 2013 )=Operating Income (TTM)/Enterprise Value (Q: Dec. 2013 )
=27.506/477.8704
=5.76 %

Douglas Dynamics, Inc.'s Enterprise Value for the quarter that ended in Dec. 2013 was $477.9 Mil.
Douglas Dynamics, Inc.'s Operating Income for the trailing twelve months (TTM) ended in Dec. 2013 was -3.529 (Mar. 2013 ) + 11.384 (Jun. 2013 ) + 2.864 (Sep. 2013 ) + 16.787 (Dec. 2013 ) = $27.5 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.

Douglas Dynamics, Inc. Annual Data

Dec07Dec08Dec09Dec10Dec11Dec12Dec13
ev2ebit 0.000.000.000.000.000.0019.9910.0921.5317.37

Douglas Dynamics, Inc. Quarterly Data

Sep11Dec11Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13
ev2ebit 10.7910.0911.7713.3116.1321.5320.9728.8138.9817.37
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