Ashtead Group (Ashtead Group) EV-to-EBIT : 16.71 (As of Apr. 29, 2024)

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What is Ashtead Group EV-to-EBIT?

EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Ashtead Group's Enterprise Value is $44,484 Mil. Ashtead Group's EBIT for the trailing twelve months (TTM) ended in Jan. 2024 was $2,662 Mil. Therefore, Ashtead Group's EV-to-EBIT for today is 16.71.

The historical rank and industry rank for Ashtead Group's EV-to-EBIT or its related term are showing as below:

ASHTF' s EV-to-EBIT Range Over the Past 10 Years
Min: 9.02 Med: 14.07 Max: 26.93
Current: 16.71

During the past 13 years, the highest EV-to-EBIT of Ashtead Group was 26.93. The lowest was 9.02. And the median was 14.07.

ASHTF's EV-to-EBIT is ranked worse than
63.97% of 841 companies
in the Business Services industry
Industry Median: 12.66 vs ASHTF: 16.71

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %. Ashtead Group's Enterprise Value for the quarter that ended in Jan. 2024 was $40,496 Mil. Ashtead Group's EBIT for the trailing twelve months (TTM) ended in Jan. 2024 was $2,662 Mil. Ashtead Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jan. 2024 was 6.57%.

Ashtead Group EV-to-EBIT Historical Data

The historical data trend for Ashtead Group's EV-to-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.

* Premium members only.

Ashtead Group EV-to-EBIT Chart

Ashtead Group Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

EV-to-EBIT

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11.39

12.61

23.37

16.41

13.46

Ashtead Group Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
EV-to-EBIT	Get a 7-Day Free Trial															15.38	13.46	15.17	13.59	14.84

Competitive Comparison of Ashtead Group's EV-to-EBIT

For the Rental & Leasing Services subindustry, Ashtead Group'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.

Ashtead Group's EV-to-EBIT Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Ashtead Group's EV-to-EBIT distribution charts can be found below:

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

Ashtead Group EV-to-EBIT Calculation

Ashtead Group's EV-to-EBIT for today is calculated as:

EV-to-EBIT	=	Enterprise Value (Today)	/	EBIT (TTM)
	=	44483.711	/	2661.5
	=	16.71

Ashtead Group's current Enterprise Value is $44,484 Mil.
Ashtead Group's EBIT for the trailing twelve months (TTM) ended in Jan. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $2,662 Mil.

Ashtead Group (OTCPK:ASHTF) EV-to-EBIT Explanation

This is a more accurate valuation of companies' operation because it considers 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) %.

Ashtead Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jan. 2024 is calculated as:

Earnings Yield (Joel Greenblatt) % (Q: Jan. 2024 )	=	EBIT	/	Enterprise Value (Q: Jan. 2024 )
	=	2661.5	/	40495.68201
	=	6.57 %

Ashtead Group's Enterprise Value for the quarter that ended in Jan. 2024 was $40,496 Mil.
Ashtead Group's EBIT for the trailing twelve months (TTM) ended in Jan. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $2,662 Mil.

Ashtead Group EV-to-EBIT Related Terms

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Ashtead Group (Ashtead Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Ashtead Group PLC (OTCPK:ASHTF) » Definitions » EV-to-EBIT

Comparable Companies

Traded in Other Exchanges

ASHTY:USA AHTl:UK AHT:UK 0LC:Germany 0LC:Germany

Address

100 Cheapside, London, GBR, EC2V 6DT

Website

https://www.ashtead-group.com

Ashtead is an equipment rental business with operations in the U.S., Canada, and United Kingdom, operating under the Sunbelt Rentals brand. Earnings are mostly derived from the U.S. where Sunbelt enjoy a number-two market position with a 13% share in a highly fragmented market consisting of national, regional, and independent competitors. Ashtead rents a range of construction, industrial, and general equipment such as aerial lifts, hand-held tools, and forklifts across its more than 1,550 rental stores worldwide.