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GuruFocus has detected 2 Warning Signs with Renasant Corp $RNST.
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Renasant Corp (NAS:RNST)
EV-to-EBIT
12.97 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its Earnings Before Interest and Taxes (EBIT). As of today, Renasant Corp's enterprise value is $1,761.3 Mil. Renasant Corp's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2016 was $135.8 Mil. Therefore, Renasant Corp's EV/EBIT ratio for today is 12.97.

RNST' s EV-to-EBIT Range Over the Past 10 Years
Min: 5.8   Max: 56.6
Current: 12.99

5.8
56.6

During the past 13 years, the highest EV/EBIT Ratio of Renasant Corp was 56.60. The lowest was 5.80. And the median was 15.30.

RNST's EV-to-EBIT is ranked lower than
58% of the 1558 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 11.64 vs. RNST: 12.99 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). Renasant Corp's enterprise value for the quarter that ended in Dec. 2016 was $1,787.2 Mil. Renasant Corp's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2016 was $135.8 Mil. Renasant Corp's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2016 was 7.60%.


Definition

Renasant Corp's EV/EBIT for today is calculated as:

EV/EBIT=Enterprise Value (Today)/Earnings Before Interest and Taxes (EBIT) (TTM)
=1761.293/135.777
=12.97

Renasant Corp's current Enterprise Value is $1,761.3 Mil.
Renasant Corp's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2016 was 31.742 (Mar. 2016 ) + 34.054 (Jun. 2016 ) + 34.885 (Sep. 2016 ) + 35.096 (Dec. 2016 ) = $135.8 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).

Renasant Corp's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2016 is calculated as:

Earnings Yield (Joel Greenblatt) (Q: Dec. 2016 )=EBIT (TTM)/Enterprise Value (Q: Dec. 2016 )
=135.777/1787.1728
=7.60 %

Renasant Corp's Enterprise Value for the quarter that ended in Dec. 2016 was $1,787.2 Mil.
Renasant Corp's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2016 was 31.742 (Mar. 2016 ) + 34.054 (Jun. 2016 ) + 34.885 (Sep. 2016 ) + 35.096 (Dec. 2016 ) = $135.8 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.

Renasant Corp Annual Data

Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
ev2ebit 21.5736.4331.0111.8312.1615.3519.9510.9417.4913.16

Renasant Corp Quarterly Data

Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16
ev2ebit 11.9110.9410.5812.1618.2817.4915.3014.3612.6413.16
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