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GuruFocus has detected 1 Warning Sign with Winmark Corp $WINA.
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Winmark Corp (NAS:WINA)
EV-to-EBIT
12.80 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its Earnings Before Interest and Taxes (EBIT). As of today, Winmark Corp's enterprise value is $490.54 Mil. Winmark Corp's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2016 was $38.31 Mil. Therefore, Winmark Corp's EV/EBIT ratio for today is 12.80.

WINA' s EV-to-EBIT Range Over the Past 10 Years
Min: 8.3   Max: 35.9
Current: 12.8

8.3
35.9

During the past 13 years, the highest EV/EBIT Ratio of Winmark Corp was 35.90. The lowest was 8.30. And the median was 13.10.

WINA's EV-to-EBIT is ranked higher than
59% of the 762 Companies
in the Global Specialty Retail industry.

( Industry Median: 15.04 vs. WINA: 12.80 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). Winmark Corp's enterprise value for the quarter that ended in Dec. 2016 was $552.90 Mil. Winmark Corp's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2016 was $38.31 Mil. Winmark Corp's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2016 was 6.93%.


Definition

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

EV/EBIT=Enterprise Value (Today)/Earnings Before Interest and Taxes (EBIT) (TTM)
=490.537/38.313
=12.80

Winmark Corp's current Enterprise Value is $490.54 Mil.
Winmark Corp's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2016 was 8.039 (Mar. 2016 ) + 9.333 (Jun. 2016 ) + 10.432 (Sep. 2016 ) + 10.509 (Dec. 2016 ) = $38.31 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's 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).

Winmark Corp's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2016 is calculated as:

Earnings Yield (Joel Greenblatt) (Q: Dec. 2016 )=EBIT (TTM)/Enterprise Value (Q: Dec. 2016 )
=38.313/552.9045
=6.93 %

Winmark Corp's Enterprise Value for the quarter that ended in Dec. 2016 was $552.90 Mil.
Winmark Corp's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2016 was 8.039 (Mar. 2016 ) + 9.333 (Jun. 2016 ) + 10.432 (Sep. 2016 ) + 10.509 (Dec. 2016 ) = $38.31 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Related Terms

Enterprise Value, Earnings Yield (Joel Greenblatt), Earnings Before Interest and Taxes (EBIT)


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Winmark Corp Annual Data

Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
ev2ebit 20.9115.328.478.7111.2611.8915.0113.0211.5914.43

Winmark Corp Quarterly Data

Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16
ev2ebit 11.6813.0211.8512.5812.9611.5912.5012.2212.3814.43
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