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Sonic Corp (NAS:SONC)
EV/EBIT
13.91 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its Earnings Before Interest and Taxes (EBIT). As of today, Sonic Corp's enterprise value is $1,782.2 Mil. Sonic Corp's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in May. 2016 was $128.1 Mil. Therefore, Sonic Corp's EV/EBIT ratio for today is 13.91.

SONC' s EV/EBIT Range Over the Past 10 Years
Min: 7.9   Max: 25.4
Current: 13.87

7.9
25.4

During the past 13 years, the highest EV/EBIT Ratio of Sonic Corp was 25.40. The lowest was 7.90. And the median was 15.60.

SONC's EV/EBIT is ranked higher than
70% of the 271 Companies
in the Global Restaurants industry.

( Industry Median: 18.03 vs. SONC: 13.87 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). Sonic Corp's enterprise value for the quarter that ended in May. 2016 was $1,928.9 Mil. Sonic Corp's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in May. 2016 was $128.1 Mil. Sonic Corp's Earnings Yield (Joel Greenblatt) for the quarter that ended in May. 2016 was 6.64%.


Definition

Sonic Corp's EV/EBIT for today is calculated as:

EV/EBIT=Enterprise Value (Today)/Earnings Before Interest and Taxes (EBIT) (TTM)
=1782.206/128.11
=13.91

Sonic Corp's current Enterprise Value is $1,782.2 Mil.
Sonic Corp's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in May. 2016 was 40.647 (Aug. 2015 ) + 26.145 (Nov. 2015 ) + 22.317 (Feb. 2016 ) + 39.001 (May. 2016 ) = $128.1 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).

Sonic Corp'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 )
=128.11/1928.8773
=6.64 %

Sonic Corp's Enterprise Value for the quarter that ended in May. 2016 was $1,928.9 Mil.
Sonic Corp's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in May. 2016 was 40.647 (Aug. 2015 ) + 26.145 (Nov. 2015 ) + 22.317 (Feb. 2016 ) + 39.001 (May. 2016 ) = $128.1 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.

Sonic Corp Annual Data

Aug06Aug07Aug08Aug09Aug10Aug11Aug12Aug13Aug14Aug15
ev2ebit 15.3014.3411.149.3614.2417.7011.2114.4115.7815.53

Sonic Corp Quarterly Data

Feb14May14Aug14Nov14Feb15May15Aug15Nov15Feb16May16
ev2ebit 16.8416.7015.7818.0919.7517.8815.5315.8015.2615.06
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