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Plains Exploration & Production Company (NYSE:PXP)
EV/EBIT
18.02 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its Earnings Before Interest and Taxes (EBIT). As of today, Plains Exploration & Production Company's enterprise value is \$15,168 Mil. Plains Exploration & Production Company's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2013 was \$842 Mil. Therefore, Plains Exploration & Production Company's EV/EBIT ratio for today is 18.02.

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). Plains Exploration & Production Company's enterprise value for the quarter that ended in Mar. 2013 was \$15,146 Mil. Plains Exploration & Production Company's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2013 was \$842 Mil. Plains Exploration & Production Company's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2013 was 5.56%.

Definition

Plains Exploration & Production Company's EV/EBIT for today is calculated as:

 EV/EBIT = Enterprise Value (Today) / Earnings Before Interest and Taxes (EBIT) (TTM) = 15168.048 / 841.697 = 18.02

Plains Exploration & Production Company's current Enterprise Value is \$15,168 Mil.
Plains Exploration & Production Company's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2013 was 135.555 (Jun. 2012 ) + 131.767 (Sep. 2012 ) + 177.038 (Dec. 2012 ) + 397.337 (Mar. 2013 ) = \$842 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).

Plains Exploration & Production Company's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2013 is calculated as:

 Earnings Yield (Joel Greenblatt) (Q: Mar. 2013 ) = EBIT (TTM) / Enterprise Value (Q: Mar. 2013 ) = 841.697 / 15145.6851 = 5.56 %

Plains Exploration & Production Company's Enterprise Value for the quarter that ended in Mar. 2013 was \$15,146 Mil.
Plains Exploration & Production Company's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2013 was 135.555 (Jun. 2012 ) + 131.767 (Sep. 2012 ) + 177.038 (Dec. 2012 ) + 397.337 (Mar. 2013 ) = \$842 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Related Terms

Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Plains Exploration & Production Company Annual Data

 Dec03 Dec04 Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 ev2ebit 9.67 11.02 13.15 2.97 18.09 -1.55 23.05 22.33 13.89 26.28

Plains Exploration & Production Company Quarterly Data

 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 ev2ebit 22.33 22.85 16.73 13.30 13.89 13.84 0.00 16.59 26.28 18.09
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