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Zions Bancorp (NAS:ZION)
EV/EBIT
-0.40 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its EBIT. As of today, Zions Bancorp's enterprise value is $-175 Mil. Zions Bancorp's operating income for the trailing twelve months (TTM) ended in Sep. 2014 was $433 Mil. Therefore, Zions Bancorp's EV/EBIT ratio for today is -0.40.

ZION' s 10-Year EV/EBIT Range
Min: -13.8   Max: 150.9
Current: 0

-13.8
150.9

During the past 13 years, the highest EV/EBIT Ratio of Zions Bancorp was 150.90. The lowest was -13.80. And the median was 4.60.

ZION's EV/EBITis ranked lower than
58% of the 2646 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 19.57 vs. ZION: 0.00 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). Zions Bancorp's enterprise value for the quarter that ended in Sep. 2014 was $-40 Mil. Zions Bancorp's Operating Income for the trailing twelve months (TTM) ended in Sep. 2014 was $433 Mil. Zions Bancorp's Earnings Yield (Joel Greenblatt) for the quarter that ended in Sep. 2014 was -1,092.26%.


Definition

Zions Bancorp's EV/EBIT for today is calculated as:

EV/EBIT=Enterprise Value (Today)/Operating Income (TTM)
=-174.626/432.523
=-0.40

Zions Bancorp's current Enterprise Value is $-175 Mil.
Zions Bancorp's Operating Income for the trailing twelve months (TTM) ended in Sep. 2014 was -63.327 (Dec. 2013 ) + 157.331 (Mar. 2014 ) + 189.522 (Jun. 2014 ) + 148.997 (Sep. 2014 ) = $433 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).

Zions Bancorp'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 )
=432.523/-39.599
=-1,092.26 %

Zions Bancorp's Enterprise Value for the quarter that ended in Sep. 2014 was $-40 Mil.
Zions Bancorp's Operating Income for the trailing twelve months (TTM) ended in Sep. 2014 was -63.327 (Dec. 2013 ) + 157.331 (Mar. 2014 ) + 189.522 (Jun. 2014 ) + 148.997 (Sep. 2014 ) = $433 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.

Zions Bancorp Annual Data

Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13
ev2ebit 11.8010.8411.3411.87135.64-2.21-7.67-1.63-0.76-1.33

Zions Bancorp Quarterly Data

Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14Jun14Sep14
ev2ebit -2.301.15-0.762.69-0.23-2.11-1.33-1.551.36-0.09
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