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WisdomTree Investments Inc (NAS:WETF)
EV/EBIT
25.00 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its EBIT. As of today, WisdomTree Investments Inc's enterprise value is $1,523.9 Mil. WisdomTree Investments Inc's operating income for the trailing twelve months (TTM) ended in Mar. 2014 was $60.2 Mil. Therefore, WisdomTree Investments Inc's EV/EBIT ratio for today is 25.00.

WETF' s 10-Year EV/EBIT Range
Min: 20.3   Max: 716.3
Current: 25

20.3
716.3

During the past 11 years, the highest EV/EBIT Ratio of WisdomTree Investments Inc was 716.30. The lowest was 20.30. And the median was 94.80.

WETF's EV/EBITis ranked higher than
65% of the 1481 Companies
in the Global Asset Management industry.

( Industry Median: 24.68 vs. WETF: 25.00 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). WisdomTree Investments Inc's enterprise value for the quarter that ended in Mar. 2014 was $1,636.2 Mil. WisdomTree Investments Inc's Operating Income for the trailing twelve months (TTM) ended in Mar. 2014 was $60.2 Mil. WisdomTree Investments Inc's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2014 was 3.68%.


Definition

WisdomTree Investments Inc's EV/EBIT for today is calculated as:

EV/EBIT=Enterprise Value (Today)/Operating Income (TTM)
=1523.884/60.162
=25.33

WisdomTree Investments Inc's current Enterprise Value is $1,523.9 Mil.
WisdomTree Investments Inc's Operating Income for the trailing twelve months (TTM) ended in Mar. 2014 was 12.242 (Jun. 2013 ) + 14.965 (Sep. 2013 ) + 16.476 (Dec. 2013 ) + 16.479 (Mar. 2014 ) = $60.2 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).

WisdomTree Investments Inc'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 )
=60.162/1636.244
=3.68 %

WisdomTree Investments Inc's Enterprise Value for the quarter that ended in Mar. 2014 was $1,636.2 Mil.
WisdomTree Investments Inc's Operating Income for the trailing twelve months (TTM) ended in Mar. 2014 was 12.242 (Jun. 2013 ) + 14.965 (Sep. 2013 ) + 16.476 (Dec. 2013 ) + 16.479 (Mar. 2014 ) = $60.2 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.

WisdomTree Investments Inc Annual Data

Dec97Dec98Dec99Dec00Dec01Dec02Dec10Dec11Dec12Dec13
ev2ebit 0.000.000.000.000.002.450.00217.4965.7742.44

WisdomTree Investments Inc Quarterly Data

Dec11Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14
ev2ebit 217.49246.41219.66118.2565.7771.7246.4134.7042.4427.20
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