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TAL Education Group (NYSE:XRS)
EV/EBIT
31.30 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its EBIT. As of today, TAL Education Group's enterprise value is $1,376.3 Mil. TAL Education Group's operating income for the trailing twelve months (TTM) ended in Nov. 2013 was $45.1 Mil. Therefore, TAL Education Group's EV/EBIT ratio for today is 31.30.

XRS' s 10-Year EV/EBIT Range
Min: 12   Max: 58.7
Current: 31.3

12
58.7

During the past 5 years, the highest EV/EBIT Ratio of TAL Education Group was 58.70. The lowest was 12.00. And the median was 26.15.

XRS's EV/EBITis ranked lower than
75% of the 99 Companies
in the Global Education & Training Services industry.

( Industry Median: 11.80 vs. XRS: 31.30 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). TAL Education Group's enterprise value for the quarter that ended in Nov. 2013 was $1,256.8 Mil. TAL Education Group's Operating Income for the trailing twelve months (TTM) ended in Nov. 2013 was $45.1 Mil. TAL Education Group's Earnings Yield (Joel Greenblatt) for the quarter that ended in Nov. 2013 was 3.34%.


Definition

TAL Education Group's EV/EBIT for today is calculated as:

EV/EBIT=Enterprise Value (Today)/Operating Income (TTM)
=1376.289/45.063
=30.54

TAL Education Group's current Enterprise Value is $1,376.3 Mil.
TAL Education Group's Operating Income for the trailing twelve months (TTM) ended in Nov. 2013 was 3.069 (Nov. 2012 ) + 5.661 (Feb. 2013 ) + 24.44 (Aug. 2013 ) + 11.893 (Nov. 2013 ) = $45.1 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).

TAL Education Group's Earnings Yield (Joel Greenblatt) for the quarter that ended in Nov. 2013 is calculated as:

Earnings Yield (Joel Greenblatt) (Q: Nov. 2013 )=Operating Income (TTM)/Enterprise Value (Q: Nov. 2013 )
=45.063/1256.8191
=3.59 %

TAL Education Group's Enterprise Value for the quarter that ended in Nov. 2013 was $1,256.8 Mil.
TAL Education Group's Operating Income for the trailing twelve months (TTM) ended in Nov. 2013 was 3.069 (Nov. 2012 ) + 5.661 (Feb. 2013 ) + 24.44 (Aug. 2013 ) + 11.893 (Nov. 2013 ) = $45.1 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.

TAL Education Group Annual Data

Feb09Feb10Feb11Feb12Feb13
ev2ebit 0.000.000.000.000.000.000.0024.6231.5516.21

TAL Education Group Quarterly Data

May11Aug11Nov11Feb12May12Aug12Nov12Feb13Aug13Nov13
ev2ebit 25.1933.2727.6731.5525.7112.0214.5816.2119.8329.93
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