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TJX Companies (NYSE:TJX)
EV/EBIT
11.74 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its EBIT. As of today, TJX Companies's enterprise value is $40,393 Mil. TJX Companies's operating income for the trailing twelve months (TTM) ended in Jul. 2014 was $3,431 Mil. Therefore, TJX Companies's EV/EBIT ratio for today is 11.74.

TJX' s 10-Year EV/EBIT Range
Min: 6.1   Max: 14.5
Current: 11.74

6.1
14.5

During the past 13 years, the highest EV/EBIT Ratio of TJX Companies was 14.50. The lowest was 6.10. And the median was 11.00.

TJX's EV/EBITis ranked higher than
80% of the 1203 Companies
in the Global Apparel Stores industry.

( Industry Median: 16.16 vs. TJX: 11.74 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). TJX Companies's enterprise value for the quarter that ended in Jul. 2014 was $36,748 Mil. TJX Companies's Operating Income for the trailing twelve months (TTM) ended in Jul. 2014 was $3,431 Mil. TJX Companies's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jul. 2014 was 9.34%.


Definition

TJX Companies's EV/EBIT for today is calculated as:

EV/EBIT=Enterprise Value (Today)/Operating Income (TTM)
=40392.579/3430.762
=11.77

TJX Companies's current Enterprise Value is $40,393 Mil.
TJX Companies's Operating Income for the trailing twelve months (TTM) ended in Jul. 2014 was 888.743 (Oct. 2013 ) + 943.295 (Jan. 2014 ) + 740.126 (Apr. 2014 ) + 858.598 (Jul. 2014 ) = $3,431 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).

TJX Companies's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jul. 2014 is calculated as:

Earnings Yield (Joel Greenblatt) (Q: Jul. 2014 )=Operating Income (TTM)/Enterprise Value (Q: Jul. 2014 )
=3430.762/36748.0768
=9.34 %

TJX Companies's Enterprise Value for the quarter that ended in Jul. 2014 was $36,748 Mil.
TJX Companies's Operating Income for the trailing twelve months (TTM) ended in Jul. 2014 was 888.743 (Oct. 2013 ) + 943.295 (Jan. 2014 ) + 740.126 (Apr. 2014 ) + 858.598 (Jul. 2014 ) = $3,431 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.

TJX Companies Annual Data

Jan05Jan06Jan07Jan08Jan09Jan10Jan11Jan12Jan13Jan14
ev2ebit 12.2411.6710.4511.025.867.347.8810.0610.1211.72

TJX Companies Quarterly Data

Apr12Jul12Oct12Jan13Apr13Jul13Oct13Jan14Apr14Jul14
ev2ebit 11.1111.1910.0810.1210.8311.2312.5811.7211.9010.71
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