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Steelcase Inc (NYSE:SCS)
EV/EBIT
9.58 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its Earnings Before Interest and Taxes (EBIT). As of today, Steelcase Inc's enterprise value is $1,842 Mil. Steelcase Inc's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in May. 2016 was $192 Mil. Therefore, Steelcase Inc's EV/EBIT ratio for today is 9.58.

SCS' s EV/EBIT Range Over the Past 10 Years
Min: -282.8   Max: 183.8
Current: 9.58

-282.8
183.8

During the past 13 years, the highest EV/EBIT Ratio of Steelcase Inc was 183.80. The lowest was -282.80. And the median was 12.30.

SCS's EV/EBIT is ranked higher than
71% of the 1396 Companies
in the Global Business Equipment industry.

( Industry Median: 15.01 vs. SCS: 9.58 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). Steelcase Inc's enterprise value for the quarter that ended in May. 2016 was $2,057 Mil. Steelcase Inc's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in May. 2016 was $192 Mil. Steelcase Inc's Earnings Yield (Joel Greenblatt) for the quarter that ended in May. 2016 was 9.35%.


Definition

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

EV/EBIT=Enterprise Value (Today)/Earnings Before Interest and Taxes (EBIT) (TTM)
=1842.250/192.4
=9.58

Steelcase Inc's current Enterprise Value is $1,842 Mil.
Steelcase Inc's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in May. 2016 was 62.8 (Aug. 2015 ) + 59.2 (Nov. 2015 ) + 34.5 (Feb. 2016 ) + 35.9 (May. 2016 ) = $192 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).

Steelcase Inc's Earnings Yield (Joel Greenblatt) for the quarter that ended in May. 2016 is calculated as:

Earnings Yield (Joel Greenblatt) (Q: May. 2016 )=EBIT (TTM)/Enterprise Value (Q: May. 2016 )
=192.4/2056.8544
=9.35 %

Steelcase Inc's Enterprise Value for the quarter that ended in May. 2016 was $2,057 Mil.
Steelcase Inc's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in May. 2016 was 62.8 (Aug. 2015 ) + 59.2 (Nov. 2015 ) + 34.5 (Feb. 2016 ) + 35.9 (May. 2016 ) = $192 Mil.

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

Steelcase Inc Annual Data

Feb07Feb08Feb09Feb10Feb11Feb12Feb13Feb14Feb15Feb16
ev2ebit 17.778.5971.37-77.1418.9211.2524.8810.8714.947.92

Steelcase Inc Quarterly Data

May14Aug14Nov14Feb15May15Aug15Nov15Feb16May16Aug16
ev2ebit 11.2610.3813.1414.9414.8214.2212.767.9210.690.00
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