TGIC (Triad Guaranty) EBIT: $-142.1 Mil (TTM As of Sep. 2012)


What is Triad Guaranty EBIT?

Triad Guaranty TGIC EBIT is $-142.1 Mil as of Sep. 2012.

Triad Guaranty's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2012 was $-28.2 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2012 was $-142.1 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Triad Guaranty's annualized ROC % for the quarter that ended in Sep. 2012 was -16.30%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield.

Triad Guaranty  (OTCPK:TGIC) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Triad Guaranty's annualized ROC % for the quarter that ended in Sep. 2012 is calculated as:

ROC % (Q: Sep. 2012 )
=NOPAT/Average Invested Capital
=EBIT * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2012 ) + Invested Capital (Q: Sep. 2012 ))/ count )
=-112.752 * ( 1 - 0% )/( (704.7087 + 678.58845)/ 2 )
=-112.752/691.648575
=-16.30 %

where

Invested Capital(Q: Jun. 2012 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Balance Sheet Cash And Cash Equivalents - 5% * Revenue )
=848.024 - 109.576 - ( 36.037 - 5% * 45.954 )
=704.7087

Invested Capital(Q: Sep. 2012 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Balance Sheet Cash And Cash Equivalents - 5% * Revenue )
=820.59 - 110.725 - ( 32.891 - 5% * 32.289 )
=678.58845

Note: The EBIT data used here is four times the quarterly (Sep. 2012) data.

2. Joel Greenblatt's definition of Return on Capital:

ROC (Joel Greenblatt) % does not apply to banks and insurance companies.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Triad Guaranty's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Sep. 2012 )
=-142.112/0.000
= %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Triad Guaranty EBIT Related Terms

Triad Guaranty EBIT Historical Data

* Premium members only.

The historical data trend for Triad Guaranty's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Triad Guaranty EBIT Chart

Triad Guaranty Annual Data
Trend Dec02 Dec03 Dec04 Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only -126.27 -750.97 -605.73 114.22 -89.53

Triad Guaranty Quarterly Data
Dec07 Mar08 Jun08 Sep08 Dec08 Mar09 Jun09 Sep09 Dec09 Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -33.85 -54.81 -32.74 -26.37 -28.19

TGIC vs FACO, PPHI, ICCH: EBIT Comparison

For the Insurance - Specialty subindustry, Triad Guaranty's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Triad Guaranty EV-to-EBIT vs Insurance Industry

For the Insurance industry and Financial Services sector, Triad Guaranty's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Triad Guaranty's EV-to-EBIT falls into.


Triad Guaranty EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Sep. 2012 adds up the quarterly data reported by the company within the most recent 12 months, which was $-142.1 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of $-142.1 Mil mean?
Triad Guaranty (TGIC) has a EBIT of $-142.1 Mil as of Sep. 2012. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Triad Guaranty.
Is Triad Guaranty's EBIT too high?
Triad Guaranty's current EBIT is $-142.1 Mil.
How does Triad Guaranty's EBIT compare to FACO and PPHI?
Triad Guaranty's EBIT of $-142.1 Mil can be compared against companies in the Insurance industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for an Insurance company?
A good EBIT depends on the Insurance industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Triad Guaranty. Triad Guaranty's current EBIT is $-142.1 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Triad Guaranty stock overvalued right now?
Triad Guaranty (TGIC) has a current EBIT of $-142.1 Mil. The current EBIT is $-142.1 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For Triad Guaranty (TGIC), the current EBIT is $-142.1 Mil as of Sep. 2012. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Triad Guaranty Business Description

Address 101 South Stratford Road, Winston-Salem, NC, USA, 27104
Triad Guaranty Inc is a holding company which, through its wholly-owned subsidiary, Triad Guaranty Insurance Corporation ('TGIC'), is a nationwide mortgage insurer pursuing a run-off of its existing in-force book of business.