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Unit Corp (NYSE:UNT)
EV/EBIT
10.88 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its EBIT. As of today, Unit Corp's enterprise value is $3,986 Mil. Unit Corp's operating income for the trailing twelve months (TTM) ended in Mar. 2014 was $365 Mil. Therefore, Unit Corp's EV/EBIT ratio for today is 10.88.

UNT' s 10-Year EV/EBIT Range
Min: 2.5   Max: 75.9
Current: 10.88

2.5
75.9

During the past 13 years, the highest EV/EBIT Ratio of Unit Corp was 75.90. The lowest was 2.50. And the median was 9.70.

UNT's EV/EBITis ranked higher than
89% of the 247 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 36.02 vs. UNT: 10.88 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). Unit Corp's enterprise value for the quarter that ended in Mar. 2014 was $3,898 Mil. Unit Corp's Operating Income for the trailing twelve months (TTM) ended in Mar. 2014 was $365 Mil. Unit Corp's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2014 was 9.36%.


Definition

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

EV/EBIT=Enterprise Value (Today)/Operating Income (TTM)
=3986.422/365.039
=10.92

Unit Corp's current Enterprise Value is $3,986 Mil.
Unit Corp's Operating Income for the trailing twelve months (TTM) ended in Mar. 2014 was 84.627 (Jun. 2013 ) + 73.491 (Sep. 2013 ) + 91.989 (Dec. 2013 ) + 114.932 (Mar. 2014 ) = $365 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).

Unit Corp's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2014 is calculated as:

Earnings Yield (Joel Greenblatt) (Q: Mar. 2014 )=Operating Income (TTM)/Enterprise Value (Q: Mar. 2014 )
=365.039/3897.9264
=9.36 %

Unit Corp's Enterprise Value for the quarter that ended in Mar. 2014 was $3,898 Mil.
Unit Corp's Operating Income for the trailing twelve months (TTM) ended in Mar. 2014 was 84.627 (Jun. 2013 ) + 73.491 (Sep. 2013 ) + 91.989 (Dec. 2013 ) + 114.932 (Mar. 2014 ) = $365 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.

Unit Corp Annual Data

Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13
ev2ebit 12.647.944.905.486.480.0010.577.8453.689.77

Unit Corp Quarterly Data

Dec11Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14
ev2ebit 7.846.969.1511.4053.6873.4418.1820.859.7710.68
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