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Phillips 66 (NYSE:PSX)
EV/EBIT
7.93 (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 $48,510 Mil. Phillips 66's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2015 was $6,120 Mil. Therefore, Phillips 66's EV/EBIT ratio for today is 7.93.

PSX' s 10-Year EV/EBIT Range
Min: 3.4   Max: 10.5
Current: 7.76

3.4
10.5

During the past 6 years, the highest EV/EBIT Ratio of Phillips 66 was 10.50. The lowest was 3.40. And the median was 7.20.

PSX's EV/EBITis ranked higher than
79% of the 107 Companies
in the Global Oil & Gas Refining & Marketing industry.

( Industry Median: 13.19 vs. PSX: 7.76 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). Phillips 66's enterprise value for the quarter that ended in Mar. 2015 was $46,966 Mil. Phillips 66's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2015 was $6,120 Mil. Phillips 66's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2015 was 13.03%.


Definition

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

EV/EBIT=Enterprise Value (Today)/Earnings Before Interest and Taxes (EBIT) (TTM)
=48509.957/6120
=7.93

Phillips 66's current Enterprise Value is $48,510 Mil.
Phillips 66's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2015 was 1425 (Jun. 2014 ) + 1787 (Sep. 2014 ) + 1434 (Dec. 2014 ) + 1474 (Mar. 2015 ) = $6,120 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).

Phillips 66's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2015 is calculated as:

Earnings Yield (Joel Greenblatt) (Q: Mar. 2015 )=EBIT (TTM)/Enterprise Value (Q: Mar. 2015 )
=6120/46966.118
=13.03 %

Phillips 66's Enterprise Value for the quarter that ended in Mar. 2015 was $46,966 Mil.
Phillips 66's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2015 was 1425 (Jun. 2014 ) + 1787 (Sep. 2014 ) + 1434 (Dec. 2014 ) + 1474 (Mar. 2015 ) = $6,120 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.

Phillips 66 Annual Data

Dec09Dec10Dec11Dec12Dec13Dec14
ev2ebit 0.000.000.000.000.000.000.005.398.057.25

Phillips 66 Quarterly Data

Dec12Mar13Jun13Sep13Dec13Mar14Jun14Sep14Dec14Mar15
ev2ebit 5.395.815.186.158.058.929.448.297.257.67
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