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Spirit Airlines Inc (NAS:SAVE)
EV/EBIT
13.83 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its EBIT. As of today, Spirit Airlines Inc's enterprise value is $4,579 Mil. Spirit Airlines Inc's operating income for the trailing twelve months (TTM) ended in Jun. 2014 was $331 Mil. Therefore, Spirit Airlines Inc's EV/EBIT ratio for today is 13.83.

SAVE' s 10-Year EV/EBIT Range
Min: 1.8   Max: 14.4
Current: 13.83

1.8
14.4

During the past 6 years, the highest EV/EBIT Ratio of Spirit Airlines Inc was 14.40. The lowest was 1.80. And the median was 7.10.

SAVE's EV/EBITis ranked higher than
84% of the 135 Companies
in the Global Airlines industry.

( Industry Median: 23.44 vs. SAVE: 13.83 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). Spirit Airlines Inc's enterprise value for the quarter that ended in Jun. 2014 was $4,016 Mil. Spirit Airlines Inc's Operating Income for the trailing twelve months (TTM) ended in Jun. 2014 was $331 Mil. Spirit Airlines Inc's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2014 was 8.24%.


Definition

Spirit Airlines Inc's EV/EBIT for today is calculated as:

EV/EBIT=Enterprise Value (Today)/Operating Income (TTM)
=4578.531/330.962
=13.83

Spirit Airlines Inc's current Enterprise Value is $4,579 Mil.
Spirit Airlines Inc's Operating Income for the trailing twelve months (TTM) ended in Jun. 2014 was 97.804 (Sep. 2013 ) + 68.061 (Dec. 2013 ) + 59.953 (Mar. 2014 ) + 105.144 (Jun. 2014 ) = $331 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).

Spirit Airlines Inc's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2014 is calculated as:

Earnings Yield (Joel Greenblatt) (Q: Jun. 2014 )=Operating Income (TTM)/Enterprise Value (Q: Jun. 2014 )
=330.962/4016.011
=8.24 %

Spirit Airlines Inc's Enterprise Value for the quarter that ended in Jun. 2014 was $4,016 Mil.
Spirit Airlines Inc's Operating Income for the trailing twelve months (TTM) ended in Jun. 2014 was 97.804 (Sep. 2013 ) + 68.061 (Dec. 2013 ) + 59.953 (Mar. 2014 ) + 105.144 (Jun. 2014 ) = $331 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.

Spirit Airlines Inc Annual Data

Dec08Dec09Dec10Dec11Dec12Dec13
ev2ebit 0.000.000.000.000.000.000.005.464.999.79

Spirit Airlines Inc Quarterly Data

Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14Jun14
ev2ebit 6.685.694.664.997.278.987.929.7912.8912.13
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