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World Acceptance Corp (NAS:WRLD)
EV/EBIT
10.85 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its EBIT. As of today, World Acceptance Corp's enterprise value is $1,838.9 Mil. World Acceptance Corp's operating income for the trailing twelve months (TTM) ended in Sep. 2014 was $169.6 Mil. Therefore, World Acceptance Corp's EV/EBIT ratio for today is 10.85.

WRLD' s 10-Year EV/EBIT Range
Min: 3.7   Max: 15.2
Current: 10.85

3.7
15.2

During the past 13 years, the highest EV/EBIT Ratio of World Acceptance Corp was 15.20. The lowest was 3.70. And the median was 10.70.

WRLD's EV/EBITis ranked higher than
88% of the 197 Companies
in the Global Credit Services industry.

( Industry Median: 19.65 vs. WRLD: 10.85 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). World Acceptance Corp's enterprise value for the quarter that ended in Sep. 2014 was $1,762.8 Mil. World Acceptance Corp's Operating Income for the trailing twelve months (TTM) ended in Sep. 2014 was $169.6 Mil. World Acceptance Corp's Earnings Yield (Joel Greenblatt) for the quarter that ended in Sep. 2014 was 9.62%.


Definition

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

EV/EBIT=Enterprise Value (Today)/Operating Income (TTM)
=1838.868/169.553
=10.85

World Acceptance Corp's current Enterprise Value is $1,838.9 Mil.
World Acceptance Corp's Operating Income for the trailing twelve months (TTM) ended in Sep. 2014 was 36.533 (Dec. 2013 ) + 62.556 (Mar. 2014 ) + 36.143 (Jun. 2014 ) + 34.321 (Sep. 2014 ) = $169.6 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).

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

Earnings Yield (Joel Greenblatt) (Q: Sep. 2014 )=Operating Income (TTM)/Enterprise Value (Q: Sep. 2014 )
=169.553/1762.8182
=9.62 %

World Acceptance Corp's Enterprise Value for the quarter that ended in Sep. 2014 was $1,762.8 Mil.
World Acceptance Corp's Operating Income for the trailing twelve months (TTM) ended in Sep. 2014 was 36.533 (Dec. 2013 ) + 62.556 (Mar. 2014 ) + 36.143 (Jun. 2014 ) + 34.321 (Sep. 2014 ) = $169.6 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.

World Acceptance Corp Annual Data

Mar05Mar06Mar07Mar08Mar09Mar10Mar11Mar12Mar13Mar14
ev2ebit 10.509.7211.218.514.996.378.407.0011.0310.35

World Acceptance Corp Quarterly Data

Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14Jun14Sep14
ev2ebit 9.509.9711.4411.0311.4512.1012.5210.3510.6710.40
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