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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 EBIT. As of today, Spartech Corporation's enterprise value is $465 Mil. Spartech Corporation's operating income 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.

SEH' s 10-Year EV/EBIT Range
Min: 0   Max: 0
Current: 0

SEH's EV/EBITis ranked lower than
70% of the 1427 Companies
in the Global Rubber & Plastics industry.

( Industry Median: 14.38 vs. SEH: 0.00 )

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 Operating Income 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)/Operating Income (TTM)
=464.974/15.615
=29.78

Spartech Corporation's current Enterprise Value is $465 Mil.
Spartech Corporation's Operating Income 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 )=Operating Income (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 Operating Income 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

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.

Spartech Corporation Annual Data

Oct03Oct04Oct05Oct06Oct07Oct08Oct09Oct10Oct11Oct12
ev2ebit 11.584.192.9912.6811.330.0019.340.000.0025.50

Spartech Corporation Quarterly Data

Jul10Oct10Jan11Apr11Jul11Oct11Jan12Apr12Jul12Oct12
ev2ebit 32.560.000.000.000.000.000.000.000.0025.50
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