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GuruFocus has detected 5 Warning Signs with Ascena Retail Group Inc $ASNA.
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Ascena Retail Group Inc (NAS:ASNA)
EV-to-EBIT
-1.41 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its Earnings Before Interest and Taxes (EBIT). As of today, Ascena Retail Group Inc's enterprise value is $1,744 Mil. Ascena Retail Group Inc's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Apr. 2017 was $-1,240 Mil. Therefore, Ascena Retail Group Inc's EV/EBIT ratio for today is -1.41.

ASNA' s EV-to-EBIT Range Over the Past 10 Years
Min: -14.3   Max: 35.5
Current: -1.43

-14.3
35.5

During the past 13 years, the highest EV/EBIT Ratio of Ascena Retail Group Inc was 35.50. The lowest was -14.30. And the median was 9.10.

ASNA's EV-to-EBIT is ranked lower than
99.99% of the 737 Companies
in the Global Apparel Stores industry.

( Industry Median: 14.76 vs. ASNA: -1.43 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). Ascena Retail Group Inc's enterprise value for the quarter that ended in Apr. 2017 was $2,070 Mil. Ascena Retail Group Inc's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Apr. 2017 was $-1,240 Mil. Ascena Retail Group Inc's Earnings Yield (Joel Greenblatt) for the quarter that ended in Apr. 2017 was -59.92%.


Definition

Ascena Retail Group Inc's EV/EBIT for today is calculated as:

EV/EBIT=Enterprise Value (Today)/Earnings Before Interest and Taxes (EBIT) (TTM)
=1744.391/-1240.3
=-1.41

Ascena Retail Group Inc's current Enterprise Value is $1,744 Mil.
Ascena Retail Group Inc's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Apr. 2017 was 64.9 (Jul. 2016 ) + 51.1 (Oct. 2016 ) + -44.3 (Jan. 2017 ) + -1312 (Apr. 2017 ) = $-1,240 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).

Ascena Retail Group Inc's Earnings Yield (Joel Greenblatt) for the quarter that ended in Apr. 2017 is calculated as:

Earnings Yield (Joel Greenblatt) (Q: Apr. 2017 )=EBIT (TTM)/Enterprise Value (Q: Apr. 2017 )
=-1240.3/2069.95
=-59.92 %

Ascena Retail Group Inc's Enterprise Value for the quarter that ended in Apr. 2017 was $2,070 Mil.
Ascena Retail Group Inc's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Apr. 2017 was 64.9 (Jul. 2016 ) + 51.1 (Oct. 2016 ) + -44.3 (Jan. 2017 ) + -1312 (Apr. 2017 ) = $-1,240 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.

Ascena Retail Group Inc Annual Data

Jul07Jul08Jul09Jul10Jul11Jul12Jul13Jul14Jul15Jul16
ev2ebit 6.087.426.408.418.2710.5911.6713.43-9.1133.83

Ascena Retail Group Inc Quarterly Data

Jan15Apr15Jul15Oct15Jan16Apr16Jul16Oct16Jan17Apr17
ev2ebit 11.3616.99-9.11-14.45-9.26-11.1033.8314.4216.69-1.67
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