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Valero Energy Corp (NYSE:VLO)
EV/EBIT
5.99 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its EBIT. As of today, Valero Energy Corp's enterprise value is $27,116 Mil. Valero Energy Corp's operating income for the trailing twelve months (TTM) ended in Jun. 2014 was $4,529 Mil. Therefore, Valero Energy Corp's EV/EBIT ratio for today is 5.99.

VLO' s 10-Year EV/EBIT Range
Min: 2.6   Max: 192.5
Current: 5.99

2.6
192.5

During the past 13 years, the highest EV/EBIT Ratio of Valero Energy Corp was 192.50. The lowest was 2.60. And the median was 6.30.

VLO's EV/EBITis ranked higher than
95% of the 201 Companies
in the Global Oil & Gas Refining & Marketing industry.

( Industry Median: 22.10 vs. VLO: 5.99 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). Valero Energy Corp's enterprise value for the quarter that ended in Jun. 2014 was $30,385 Mil. Valero Energy Corp's Operating Income for the trailing twelve months (TTM) ended in Jun. 2014 was $4,529 Mil. Valero Energy Corp's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2014 was 14.90%.


Definition

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

EV/EBIT=Enterprise Value (Today)/Operating Income (TTM)
=27116.300/4529
=5.99

Valero Energy Corp's current Enterprise Value is $27,116 Mil.
Valero Energy Corp's Operating Income for the trailing twelve months (TTM) ended in Jun. 2014 was 532 (Sep. 2013 ) + 1562 (Dec. 2013 ) + 1350 (Mar. 2014 ) + 1085 (Jun. 2014 ) = $4,529 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).

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

Earnings Yield (Joel Greenblatt) (Q: Jun. 2014 )=Operating Income (TTM)/Enterprise Value (Q: Jun. 2014 )
=4529/30385.1454
=14.91 %

Valero Energy Corp's Enterprise Value for the quarter that ended in Jun. 2014 was $30,385 Mil.
Valero Energy Corp's Operating Income for the trailing twelve months (TTM) ended in Jun. 2014 was 532 (Sep. 2013 ) + 1562 (Dec. 2013 ) + 1350 (Mar. 2014 ) + 1085 (Jun. 2014 ) = $4,529 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.

Valero Energy Corp Annual Data

Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13
ev2ebit 4.806.494.095.6520.40180.468.634.475.497.49

Valero Energy Corp Quarterly Data

Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14Jun14
ev2ebit 5.625.327.715.495.174.795.777.497.296.71
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