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Westlake Chemical Corp (NYSE:WLK)
EV/EBIT
6.50 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its Earnings Before Interest and Taxes (EBIT). As of today, Westlake Chemical Corp's enterprise value is $6,484 Mil. Westlake Chemical Corp's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2015 was $998 Mil. Therefore, Westlake Chemical Corp's EV/EBIT ratio for today is 6.50.

WLK' s EV/EBIT Range Over the Past 10 Years
Min: -62.9   Max: 17.5
Current: 6.53

-62.9
17.5

During the past 13 years, the highest EV/EBIT Ratio of Westlake Chemical Corp was 17.50. The lowest was -62.90. And the median was 8.10.

WLK's EV/EBIT is ranked higher than
81% of the 847 Companies
in the Global Specialty Chemicals industry.

( Industry Median: 13.71 vs. WLK: 6.53 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). Westlake Chemical Corp's enterprise value for the quarter that ended in Dec. 2015 was $6,957 Mil. Westlake Chemical Corp's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2015 was $998 Mil. Westlake Chemical Corp's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2015 was 14.35%.


Definition

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

EV/EBIT=Enterprise Value (Today)/Earnings Before Interest and Taxes (EBIT) (TTM)
=6484.401/998.097
=6.50

Westlake Chemical Corp's current Enterprise Value is $6,484 Mil.
Westlake Chemical Corp's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2015 was 238.376 (Mar. 2015 ) + 317.432 (Jun. 2015 ) + 256.664 (Sep. 2015 ) + 185.625 (Dec. 2015 ) = $998 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).

Westlake Chemical Corp's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2015 is calculated as:

Earnings Yield (Joel Greenblatt) (Q: Dec. 2015 )=EBIT (TTM)/Enterprise Value (Q: Dec. 2015 )
=998.097/6957.1594
=14.35 %

Westlake Chemical Corp's Enterprise Value for the quarter that ended in Dec. 2015 was $6,957 Mil.
Westlake Chemical Corp's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2015 was 238.376 (Mar. 2015 ) + 317.432 (Jun. 2015 ) + 256.664 (Sep. 2015 ) + 185.625 (Dec. 2015 ) = $998 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their own 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 own currency.

Westlake Chemical Corp Annual Data

Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15
ev2ebit 7.549.76-61.9316.847.885.788.208.547.406.97

Westlake Chemical Corp Quarterly Data

Sep13Dec13Mar14Jun14Sep14Dec14Mar15Jun15Sep15Dec15
ev2ebit 8.298.548.7010.5510.857.408.727.885.976.97
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