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Sandy Spring Bancorp, Inc. (NAS:SASR)
EV/EBIT
19.20 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its EBIT. As of today, Sandy Spring Bancorp, Inc.'s enterprise value is $1,261.0 Mil. Sandy Spring Bancorp, Inc.'s operating income for the trailing twelve months (TTM) ended in Dec. 2013 was $67.0 Mil. Therefore, Sandy Spring Bancorp, Inc.'s EV/EBIT ratio for today is 19.20.

SASR' s 10-Year EV/EBIT Range
Min: 13.6   Max: 73.5
Current: 19.2

13.6
73.5

During the past 13 years, the highest EV/EBIT Ratio of Sandy Spring Bancorp, Inc. was 73.50. The lowest was 13.60. And the median was 19.10.

SASR's EV/EBITis ranked higher than
55% of the 1447 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 15.51 vs. SASR: 19.20 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). Sandy Spring Bancorp, Inc.'s enterprise value for the quarter that ended in Dec. 2013 was $1,280.5 Mil. Sandy Spring Bancorp, Inc.'s Operating Income for the trailing twelve months (TTM) ended in Dec. 2013 was $67.0 Mil. Sandy Spring Bancorp, Inc.'s Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2013 was 5.23%.


Definition

Sandy Spring Bancorp, Inc.'s EV/EBIT for today is calculated as:

EV/EBIT=Enterprise Value (Today)/Operating Income (TTM)
=1261.044/66.985
=18.83

Sandy Spring Bancorp, Inc.'s current Enterprise Value is $1,261.0 Mil.
Sandy Spring Bancorp, Inc.'s Operating Income for the trailing twelve months (TTM) ended in Dec. 2013 was 15.844 (Mar. 2013 ) + 18.515 (Jun. 2013 ) + 18.508 (Sep. 2013 ) + 14.118 (Dec. 2013 ) = $67.0 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).

Sandy Spring Bancorp, Inc.'s Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2013 is calculated as:

Earnings Yield (Joel Greenblatt) (Q: Dec. 2013 )=Operating Income (TTM)/Enterprise Value (Q: Dec. 2013 )
=66.985/1280.5161
=5.23 %

Sandy Spring Bancorp, Inc.'s Enterprise Value for the quarter that ended in Dec. 2013 was $1,280.5 Mil.
Sandy Spring Bancorp, Inc.'s Operating Income for the trailing twelve months (TTM) ended in Dec. 2013 was 15.844 (Mar. 2013 ) + 18.515 (Jun. 2013 ) + 18.508 (Sep. 2013 ) + 14.118 (Dec. 2013 ) = $67.0 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.

Sandy Spring Bancorp, Inc. Annual Data

Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13
ev2ebit 68.8019.5318.7718.1440.250.0025.2615.8515.3519.12

Sandy Spring Bancorp, Inc. Quarterly Data

Sep11Dec11Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13
ev2ebit 13.9415.8514.9815.0916.8015.3514.7415.3215.6119.12
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