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PartnerRe Ltd (NYSE:PRE)
EV/EBIT
39.29 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its Earnings Before Interest and Taxes (EBIT). As of today, PartnerRe Ltd's enterprise value is $5,810 Mil. PartnerRe Ltd's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2016 was $148 Mil. Therefore, PartnerRe Ltd's EV/EBIT ratio for today is 39.29.

PRE' s EV/EBIT Range Over the Past 10 Years
Min: -624.9   Max: 86.3
Current: 39.29

-624.9
86.3

During the past 13 years, the highest EV/EBIT Ratio of PartnerRe Ltd was 86.30. The lowest was -624.90. And the median was 4.60.

PRE's EV/EBIT is ranked lower than
97% of the 61 Companies
in the Global Insurance - Reinsurance industry.

( Industry Median: 7.24 vs. PRE: 39.29 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). PartnerRe Ltd's enterprise value for the quarter that ended in Mar. 2016 was $5,810 Mil. PartnerRe Ltd's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2016 was $148 Mil. PartnerRe Ltd's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2016 was 2.55%.


Definition

PartnerRe Ltd's EV/EBIT for today is calculated as:

EV/EBIT=Enterprise Value (Today)/Earnings Before Interest and Taxes (EBIT) (TTM)
=5809.973/147.888
=39.29

PartnerRe Ltd's current Enterprise Value is $5,810 Mil.
PartnerRe Ltd's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2016 was -98.784 (Jun. 2015 ) + -196.492 (Sep. 2015 ) + 180.858 (Dec. 2015 ) + 262.306 (Mar. 2016 ) = $148 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).

PartnerRe 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 )
=147.888/5809.667
=2.55 %

PartnerRe Ltd's Enterprise Value for the quarter that ended in Mar. 2016 was $5,810 Mil.
PartnerRe Ltd's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2016 was -98.784 (Jun. 2015 ) + -196.492 (Sep. 2015 ) + 180.858 (Dec. 2015 ) + 262.306 (Mar. 2016 ) = $148 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.

PartnerRe Ltd Annual Data

Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15
ev2ebit 4.004.9434.463.224.25-9.263.146.513.7525.85

PartnerRe Ltd Quarterly Data

Dec13Mar14Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16
ev2ebit 6.515.693.523.703.753.786.5015.5725.8539.28
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