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Molson Coors Brewing Co (NYSE:TAP)
EV/EBIT
17.50 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its EBIT. As of today, Molson Coors Brewing Co's enterprise value is $14,236 Mil. Molson Coors Brewing Co's operating income for the trailing twelve months (TTM) ended in Dec. 2013 was $806 Mil. Therefore, Molson Coors Brewing Co's EV/EBIT ratio for today is 17.50.

TAP' s 10-Year EV/EBIT Range
Min: 9.3   Max: 25.1
Current: 17.5

9.3
25.1

During the past 13 years, the highest EV/EBIT Ratio of Molson Coors Brewing Co was 25.10. The lowest was 9.30. And the median was 13.60.

TAP's EV/EBITis ranked higher than
63% of the 228 Companies
in the Global Beverages - Brewers industry.

( Industry Median: 15.60 vs. TAP: 17.50 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). Molson Coors Brewing Co's enterprise value for the quarter that ended in Dec. 2013 was $13,706 Mil. Molson Coors Brewing Co's Operating Income for the trailing twelve months (TTM) ended in Dec. 2013 was $806 Mil. Molson Coors Brewing Co's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2013 was 5.88%.


Definition

Molson Coors Brewing Co's EV/EBIT for today is calculated as:

EV/EBIT=Enterprise Value (Today)/Operating Income (TTM)
=14235.794/805.7
=17.67

Molson Coors Brewing Co's current Enterprise Value is $14,236 Mil.
Molson Coors Brewing Co's Operating Income for the trailing twelve months (TTM) ended in Dec. 2013 was 112 (Mar. 2013 ) + 360.9 (Jun. 2013 ) + 178.7 (Sep. 2013 ) + 154.1 (Dec. 2013 ) = $806 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).

Molson Coors Brewing Co's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2013 is calculated as:

Earnings Yield (Joel Greenblatt) (Q: Dec. 2013 )=Operating Income (TTM)/Enterprise Value (Q: Dec. 2013 )
=805.7/13706.239
=5.88 %

Molson Coors Brewing Co's Enterprise Value for the quarter that ended in Dec. 2013 was $13,706 Mil.
Molson Coors Brewing Co's Operating Income for the trailing twelve months (TTM) ended in Dec. 2013 was 112 (Mar. 2013 ) + 360.9 (Jun. 2013 ) + 178.7 (Sep. 2013 ) + 154.1 (Dec. 2013 ) = $806 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.

Molson Coors Brewing Co Annual Data

Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13
ev2ebit 10.5619.5414.7917.5914.9512.4211.769.8113.6417.01

Molson Coors Brewing Co Quarterly Data

Sep11Dec11Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13
ev2ebit 9.739.8110.5513.7613.4213.6415.0513.3415.6117.01
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