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Tata Motors, Ltd. (NYSE:TTM)
EV/EBIT
6.60 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its EBIT. As of today, Tata Motors, Ltd.'s enterprise value is $24,376 Mil. Tata Motors, Ltd.'s operating income for the trailing twelve months (TTM) ended in Dec. 2013 was $3,796 Mil. Therefore, Tata Motors, Ltd.'s EV/EBIT ratio for today is 6.60.

TTM' s 10-Year EV/EBIT Range
Min: 4.8   Max: 120.4
Current: 6.6

4.8
120.4

During the past 12 years, the highest EV/EBIT Ratio of Tata Motors, Ltd. was 120.40. The lowest was 4.80. And the median was 10.95.

TTM's EV/EBITis ranked higher than
86% of the 1050 Companies
in the Global Auto Manufacturers industry.

( Industry Median: 12.08 vs. TTM: 6.60 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). Tata Motors, Ltd.'s enterprise value for the quarter that ended in Dec. 2013 was $0 Mil. Tata Motors, Ltd.'s Operating Income for the trailing twelve months (TTM) ended in Dec. 2013 was $3,796 Mil. Tata Motors, Ltd.'s Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2013 was 0.00%.


Definition

Tata Motors, Ltd.'s EV/EBIT for today is calculated as:

EV/EBIT=Enterprise Value (Today)/Operating Income (TTM)
=24376.156/3795.52262443
=6.42

Tata Motors, Ltd.'s current Enterprise Value is $24,376 Mil.
Tata Motors, Ltd.'s Operating Income for the trailing twelve months (TTM) ended in Dec. 2013 was 1011.79173047 (Mar. 2013 ) + 639.717754173 (Jun. 2013 ) + 934.787439614 (Sep. 2013 ) + 1209.22570016 (Dec. 2013 ) = $3,796 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).

Tata Motors, Ltd.'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 )
=3795.52262443/0
= %

Tata Motors, Ltd.'s Enterprise Value for the quarter that ended in Dec. 2013 was $0 Mil.
Tata Motors, Ltd.'s Operating Income for the trailing twelve months (TTM) ended in Dec. 2013 was 1011.79173047 (Mar. 2013 ) + 639.717754173 (Jun. 2013 ) + 934.787439614 (Sep. 2013 ) + 1209.22570016 (Dec. 2013 ) = $3,796 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.

Tata Motors, Ltd. Annual Data

Mar04Mar05Mar06Mar07Mar08Mar09Mar10Mar11Mar12Mar13
ev2ebit 0.000.000.000.000.00123.7023.9118.1283.670.00

Tata Motors, Ltd. Quarterly Data

Mar11Dec11Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13
ev2ebit 18.120.0083.670.000.000.000.000.000.000.00
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