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Phillips 66 (NYSE:PSX)
EV/EBIT
9.19 (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 $50,876 Mil. Phillips 66's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2016 was $5,535 Mil. Therefore, Phillips 66's EV/EBIT ratio for today is 9.19.

PSX' s EV/EBIT Range Over the Past 10 Years
Min: 3.5   Max: 10.5
Current: 8.97

3.5
10.5

During the past 7 years, the highest EV/EBIT Ratio of Phillips 66 was 10.50. The lowest was 3.50. And the median was 7.60.

PSX's EV/EBIT is ranked higher than
64% of the 137 Companies
in the Global Oil & Gas Refining & Marketing industry.

( Industry Median: 10.99 vs. PSX: 8.97 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). Phillips 66's enterprise value for the quarter that ended in Mar. 2016 was $53,477 Mil. Phillips 66's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2016 was $5,535 Mil. Phillips 66's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2016 was 10.35%.


Definition

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

EV/EBIT=Enterprise Value (Today)/Earnings Before Interest and Taxes (EBIT) (TTM)
=50875.501/5535
=9.19

Phillips 66's current Enterprise Value is $50,876 Mil.
Phillips 66's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2016 was 1544 (Jun. 2015 ) + 2430 (Sep. 2015 ) + 879 (Dec. 2015 ) + 682 (Mar. 2016 ) = $5,535 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. 2016 is calculated as:

Earnings Yield (Joel Greenblatt) (Q: Mar. 2016 )=EBIT (TTM)/Enterprise Value (Q: Mar. 2016 )
=5535/53476.9722
=10.35 %

Phillips 66's Enterprise Value for the quarter that ended in Mar. 2016 was $53,477 Mil.
Phillips 66's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2016 was 1544 (Jun. 2015 ) + 2430 (Sep. 2015 ) + 879 (Dec. 2015 ) + 682 (Mar. 2016 ) = $5,535 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

Dec09Dec10Dec11Dec12Dec13Dec14Dec15
ev2ebit 0.000.000.000.000.000.005.398.097.197.90

Phillips 66 Quarterly Data

Dec13Mar14Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16
ev2ebit 8.098.969.498.327.197.707.726.707.909.66
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