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GuruFocus has detected 5 Warning Signs with Big Lots Inc $BIG.
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Big Lots Inc (NYSE:BIG)
EV-to-EBIT
9.17 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its Earnings Before Interest and Taxes (EBIT). As of today, Big Lots Inc's enterprise value is $2,285 Mil. Big Lots Inc's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jan. 2017 was $249 Mil. Therefore, Big Lots Inc's EV/EBIT ratio for today is 9.17.

BIG' s EV-to-EBIT Range Over the Past 10 Years
Min: 4.4   Max: 37.5
Current: 9.17

4.4
37.5

During the past 13 years, the highest EV/EBIT Ratio of Big Lots Inc was 37.50. The lowest was 4.40. And the median was 8.40.

BIG's EV-to-EBIT is ranked higher than
82% of the 441 Companies
in the Global Discount Stores industry.

( Industry Median: 15.48 vs. BIG: 9.17 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). Big Lots Inc's enterprise value for the quarter that ended in Jan. 2017 was $2,268 Mil. Big Lots Inc's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jan. 2017 was $249 Mil. Big Lots Inc's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jan. 2017 was 10.99%.


Definition

Big Lots Inc's EV/EBIT for today is calculated as:

EV/EBIT=Enterprise Value (Today)/Earnings Before Interest and Taxes (EBIT) (TTM)
=2285.147/249.332
=9.17

Big Lots Inc's current Enterprise Value is $2,285 Mil.
Big Lots Inc's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Jan. 2017 was 63.249 (Apr. 2016 ) + 38.549 (Jul. 2016 ) + 2.643 (Oct. 2016 ) + 144.891 (Jan. 2017 ) = $249 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).

Big Lots Inc's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jan. 2017 is calculated as:

Earnings Yield (Joel Greenblatt) (Q: Jan. 2017 )=EBIT (TTM)/Enterprise Value (Q: Jan. 2017 )
=249.332/2268.236
=10.99 %

Big Lots Inc's Enterprise Value for the quarter that ended in Jan. 2017 was $2,268 Mil.
Big Lots Inc's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Jan. 2017 was 63.249 (Apr. 2016 ) + 38.549 (Jul. 2016 ) + 2.643 (Oct. 2016 ) + 144.891 (Jan. 2017 ) = $249 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.

Big Lots Inc Annual Data

Jan08Jan09Jan10Jan11Jan12Jan13Jan14Jan15Jan16Jan17
ev2ebit 6.464.486.306.087.316.276.8510.868.299.10

Big Lots Inc Quarterly Data

Oct14Jan15Apr15Jul15Oct15Jan16Apr16Jul16Oct16Jan17
ev2ebit 13.4910.8610.5710.4210.938.299.1710.158.669.10
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