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Resource America Inc (NAS:REXI)
EV/EBIT
36.71 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its EBIT. As of today, Resource America Inc's enterprise value is $2,174.1 Mil. Resource America Inc's operating income for the trailing twelve months (TTM) ended in Sep. 2014 was $59.1 Mil. Therefore, Resource America Inc's EV/EBIT ratio for today is 36.71.

REXI' s 10-Year EV/EBIT Range
Min: -224.4   Max: 382
Current: 36.71

-224.4
382

During the past 13 years, the highest EV/EBIT Ratio of Resource America Inc was 382.00. The lowest was -224.40. And the median was 24.60.

REXI's EV/EBITis ranked higher than
95% of the 1806 Companies
in the Global Asset Management industry.

( Industry Median: 22.87 vs. REXI: 36.71 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). Resource America Inc's enterprise value for the quarter that ended in Sep. 2014 was $2,148.8 Mil. Resource America Inc's Operating Income for the trailing twelve months (TTM) ended in Sep. 2014 was $59.1 Mil. Resource America Inc's Earnings Yield (Joel Greenblatt) for the quarter that ended in Sep. 2014 was 2.75%.


Definition

Resource America Inc's EV/EBIT for today is calculated as:

EV/EBIT=Enterprise Value (Today)/Operating Income (TTM)
=2174.113/59.08
=36.80

Resource America Inc's current Enterprise Value is $2,174.1 Mil.
Resource America Inc's Operating Income for the trailing twelve months (TTM) ended in Sep. 2014 was -0.734 (Dec. 2013 ) + 20.817 (Mar. 2014 ) + 19.531 (Jun. 2014 ) + 19.466 (Sep. 2014 ) = $59.1 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).

Resource America Inc's Earnings Yield (Joel Greenblatt) for the quarter that ended in Sep. 2014 is calculated as:

Earnings Yield (Joel Greenblatt) (Q: Sep. 2014 )=Operating Income (TTM)/Enterprise Value (Q: Sep. 2014 )
=59.08/2148.779
=2.75 %

Resource America Inc's Enterprise Value for the quarter that ended in Sep. 2014 was $2,148.8 Mil.
Resource America Inc's Operating Income for the trailing twelve months (TTM) ended in Sep. 2014 was -0.734 (Dec. 2013 ) + 20.817 (Mar. 2014 ) + 19.531 (Jun. 2014 ) + 19.466 (Sep. 2014 ) = $59.1 Mil.

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


Related Terms

Enterprise Value, Operating Income, Earnings Yield (Joel Greenblatt)


Historical Data

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

Resource America Inc Annual Data

Sep04Sep05Sep06Sep07Sep08Sep09Sep10Sep11Sep12Dec13
ev2ebit 11.1348.1818.0411.7617.9924.08-19.5564.5257.7951.96

Resource America Inc Quarterly Data

Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14Jun14Sep14
ev2ebit 4.5957.793.9237.7428.9258.2551.9649.9344.9736.37
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