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

EV/EBIT ratio is calculated as enterprise value divided by its Earnings Before Interest and Taxes (EBIT). As of today, Zions Bancorp's enterprise value is $981 Mil. Zions Bancorp's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2015 was $607 Mil. Therefore, Zions Bancorp's EV/EBIT ratio for today is 1.62.

ZION' s 10-Year EV/EBIT Range
Min: -13.8   Max: 150.9
Current: 1.95

-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 1.50.

ZION's EV/EBITis ranked higher than
97% of the 1366 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 14.30 vs. ZION: 1.95 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). Zions Bancorp's enterprise value for the quarter that ended in Mar. 2015 was $67 Mil. Zions Bancorp's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2015 was $607 Mil. Zions Bancorp's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2015 was 908.26%.


Definition

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

EV/EBIT=Enterprise Value (Today)/Earnings Before Interest and Taxes (EBIT) (TTM)
=980.855/607.293
=1.62

Zions Bancorp's current Enterprise Value is $981 Mil.
Zions Bancorp's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2015 was 189.522 (Jun. 2014 ) + 148.997 (Sep. 2014 ) + 125.573 (Dec. 2014 ) + 143.201 (Mar. 2015 ) = $607 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 Mar. 2015 is calculated as:

Earnings Yield (Joel Greenblatt) (Q: Mar. 2015 )=EBIT (TTM)/Enterprise Value (Q: Mar. 2015 )
=607.293/66.863
=908.26 %

Zions Bancorp's Enterprise Value for the quarter that ended in Mar. 2015 was $67 Mil.
Zions Bancorp's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2015 was 189.522 (Jun. 2014 ) + 148.997 (Sep. 2014 ) + 125.573 (Dec. 2014 ) + 143.201 (Mar. 2015 ) = $607 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.

Zions Bancorp Annual Data

Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14
ev2ebit 10.8411.3411.87135.64-2.21-7.67-1.63-0.76-1.33-0.22

Zions Bancorp Quarterly Data

Dec12Mar13Jun13Sep13Dec13Mar14Jun14Sep14Dec14Mar15
ev2ebit -0.762.69-0.23-2.11-1.33-1.551.36-0.09-0.220.11
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