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Zions Bancorp (NAS:ZION)
EV/EBIT
11.60 (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 $7,490 Mil. Zions Bancorp's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2016 was $645 Mil. Therefore, Zions Bancorp's EV/EBIT ratio for today is 11.60.

ZION' s EV/EBIT Range Over the Past 10 Years
Min: -18.3   Max: 69
Current: 11.6

-18.3
69

During the past 13 years, the highest EV/EBIT Ratio of Zions Bancorp was 69.00. The lowest was -18.30. And the median was 0.40.

ZION's EV/EBIT is ranked higher than
54% of the 1265 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 12.31 vs. ZION: 11.60 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). Zions Bancorp's enterprise value for the quarter that ended in Sep. 2016 was $5,561 Mil. Zions Bancorp's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2016 was $645 Mil. Zions Bancorp's Earnings Yield (Joel Greenblatt) for the quarter that ended in Sep. 2016 was 11.61%.


Definition

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

EV/EBIT=Enterprise Value (Today)/Earnings Before Interest and Taxes (EBIT) (TTM)
=7490.110/645.442
=11.60

Zions Bancorp's current Enterprise Value is $7,490 Mil.
Zions Bancorp's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2016 was 147.42 (Dec. 2015 ) + 131.885 (Mar. 2016 ) + 174.18 (Jun. 2016 ) + 191.957 (Sep. 2016 ) = $645 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's 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. 2016 is calculated as:

Earnings Yield (Joel Greenblatt) (Q: Sep. 2016 )=EBIT (TTM)/Enterprise Value (Q: Sep. 2016 )
=645.442/5561.127
=11.61 %

Zions Bancorp's Enterprise Value for the quarter that ended in Sep. 2016 was $5,561 Mil.
Zions Bancorp's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2016 was 147.42 (Dec. 2015 ) + 131.885 (Mar. 2016 ) + 174.18 (Jun. 2016 ) + 191.957 (Sep. 2016 ) = $645 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's 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 local exchange's currency.

Zions Bancorp Annual Data

Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15
ev2ebit 11.3211.88-16.86-2.21-7.67-1.63-0.76-1.33-0.220.70

Zions Bancorp Quarterly Data

Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16
ev2ebit 1.36-0.09-0.220.100.230.960.706.876.468.62
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