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Spartech Corporation (NYSE:SEH)
EV/EBIT
29.78 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its Earnings Before Interest and Taxes (EBIT). As of today, Spartech Corporation's enterprise value is \$465 Mil. Spartech Corporation's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Oct. 2012 was \$16 Mil. Therefore, Spartech Corporation's EV/EBIT ratio for today is 29.78.

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). Spartech Corporation's enterprise value for the quarter that ended in Oct. 2012 was \$399 Mil. Spartech Corporation's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Oct. 2012 was \$16 Mil. Spartech Corporation's Earnings Yield (Joel Greenblatt) for the quarter that ended in Oct. 2012 was 3.91%.

Definition

Spartech Corporation's EV/EBIT for today is calculated as:

 EV/EBIT = Enterprise Value (Today) / Earnings Before Interest and Taxes (EBIT) (TTM) = 464.974 / 15.615 = 29.78

Spartech Corporation's current Enterprise Value is \$465 Mil.
Spartech Corporation's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Oct. 2012 was -0.526 (Jan. 2012 ) + 8.549 (Apr. 2012 ) + 5.14 (Jul. 2012 ) + 2.452 (Oct. 2012 ) = \$16 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).

Spartech Corporation's Earnings Yield (Joel Greenblatt) for the quarter that ended in Oct. 2012 is calculated as:

 Earnings Yield (Joel Greenblatt) (Q: Oct. 2012 ) = EBIT (TTM) / Enterprise Value (Q: Oct. 2012 ) = 15.615 / 398.94376 = 3.91 %

Spartech Corporation's Enterprise Value for the quarter that ended in Oct. 2012 was \$399 Mil.
Spartech Corporation's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Oct. 2012 was -0.526 (Jan. 2012 ) + 8.549 (Apr. 2012 ) + 5.14 (Jul. 2012 ) + 2.452 (Oct. 2012 ) = \$16 Mil.

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

Related Terms

Historical Data

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

Spartech Corporation Annual Data

 Oct03 Oct04 Oct05 Oct06 Oct07 Oct08 Oct09 Oct10 Oct11 Oct12 ev2ebit 11.58 4.19 2.99 12.68 11.33 -2.04 19.34 -6.97 -13.19 25.50

Spartech Corporation Quarterly Data

 Jul10 Oct10 Jan11 Apr11 Jul11 Oct11 Jan12 Apr12 Jul12 Oct12 ev2ebit 32.56 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 25.50
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