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Phillips 66 (NYSE:PSX)
EV/EBIT
16.35 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its Earnings Before Interest and Taxes (EBIT). As of today, Phillips 66's enterprise value is $53,272 Mil. Phillips 66's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2016 was $3,258 Mil. Therefore, Phillips 66's EV/EBIT ratio for today is 16.35.

PSX' s EV/EBIT Range Over the Past 10 Years
Min: 3.5   Max: 16.38
Current: 16.26

3.5
16.38

During the past 7 years, the highest EV/EBIT Ratio of Phillips 66 was 16.38. The lowest was 3.50. And the median was 7.80.

PSX's EV/EBIT is ranked lower than
67% of the 133 Companies
in the Global Oil & Gas Refining & Marketing industry.

( Industry Median: 11.35 vs. PSX: 16.26 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). Phillips 66's enterprise value for the quarter that ended in Sep. 2016 was $49,881 Mil. Phillips 66's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2016 was $3,258 Mil. Phillips 66's Earnings Yield (Joel Greenblatt) for the quarter that ended in Sep. 2016 was 6.53%.


Definition

Phillips 66's EV/EBIT for today is calculated as:

EV/EBIT=Enterprise Value (Today)/Earnings Before Interest and Taxes (EBIT) (TTM)
=53271.958/3258
=16.35

Phillips 66's current Enterprise Value is $53,272 Mil.
Phillips 66's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2016 was 879 (Dec. 2015 ) + 682 (Mar. 2016 ) + 803 (Jun. 2016 ) + 894 (Sep. 2016 ) = $3,258 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's 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).

Phillips 66's Earnings Yield (Joel Greenblatt) for the quarter that ended in Sep. 2016 is calculated as:

Earnings Yield (Joel Greenblatt) (Q: Sep. 2016 )=EBIT (TTM)/Enterprise Value (Q: Sep. 2016 )
=3258/49881.4675
=6.53 %

Phillips 66's Enterprise Value for the quarter that ended in Sep. 2016 was $49,881 Mil.
Phillips 66's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2016 was 879 (Dec. 2015 ) + 682 (Mar. 2016 ) + 803 (Jun. 2016 ) + 894 (Sep. 2016 ) = $3,258 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's 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 local exchange's currency.

Phillips 66 Annual Data

Dec09Dec10Dec11Dec12Dec13Dec14Dec15
ev2ebit 0.000.000.000.000.000.005.398.097.197.90

Phillips 66 Quarterly Data

Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16
ev2ebit 9.498.327.197.717.726.707.909.6710.2915.31
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