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Cimarex Energy Co (NYSE:XEC)
EV/EBIT
10.73 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its EBIT. As of today, Cimarex Energy Co's enterprise value is $10,850 Mil. Cimarex Energy Co's operating income for the trailing twelve months (TTM) ended in Sep. 2014 was $1,012 Mil. Therefore, Cimarex Energy Co's EV/EBIT ratio for today is 10.73.

XEC' s 10-Year EV/EBIT Range
Min: -11.9   Max: 14.1
Current: 10.73

-11.9
14.1

During the past 12 years, the highest EV/EBIT Ratio of Cimarex Energy Co was 14.10. The lowest was -11.90. And the median was 7.90.

XEC's EV/EBITis ranked higher than
89% of the 1298 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 55.25 vs. XEC: 10.73 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). Cimarex Energy Co's enterprise value for the quarter that ended in Sep. 2014 was $12,212 Mil. Cimarex Energy Co's Operating Income for the trailing twelve months (TTM) ended in Sep. 2014 was $1,012 Mil. Cimarex Energy Co's Earnings Yield (Joel Greenblatt) for the quarter that ended in Sep. 2014 was 8.28%.


Definition

Cimarex Energy Co's EV/EBIT for today is calculated as:

EV/EBIT=Enterprise Value (Today)/Operating Income (TTM)
=10849.518/1011.584
=10.73

Cimarex Energy Co's current Enterprise Value is $10,850 Mil.
Cimarex Energy Co's Operating Income for the trailing twelve months (TTM) ended in Sep. 2014 was 322.394 (Dec. 2013 ) + 219.999 (Mar. 2014 ) + 240.418 (Jun. 2014 ) + 228.773 (Sep. 2014 ) = $1,012 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).

Cimarex Energy Co'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 )
=1011.584/12211.6605
=8.28 %

Cimarex Energy Co's Enterprise Value for the quarter that ended in Sep. 2014 was $12,212 Mil.
Cimarex Energy Co's Operating Income for the trailing twelve months (TTM) ended in Sep. 2014 was 322.394 (Dec. 2013 ) + 219.999 (Mar. 2014 ) + 240.418 (Jun. 2014 ) + 228.773 (Sep. 2014 ) = $1,012 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.

Cimarex Energy Co Annual Data

Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13
ev2ebit 6.047.327.097.12-1.95-10.568.536.819.9511.23

Cimarex Energy Co Quarterly Data

Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14Jun14Sep14
ev2ebit 8.089.929.9513.4010.1812.6311.2311.7313.7012.07
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