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GuruFocus has detected 7 Warning Signs with Energy Company of Minas Gerais $CIG.
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Energy Company of Minas Gerais (NYSE:CIG)
EV-to-EBIT
10.08 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its Earnings Before Interest and Taxes (EBIT). As of today, Energy Company of Minas Gerais's enterprise value is $6,825 Mil. Energy Company of Minas Gerais's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2016 was $677 Mil. Therefore, Energy Company of Minas Gerais's EV/EBIT ratio for today is 10.08.

CIG' s EV-to-EBIT Range Over the Past 10 Years
Min: 2.8   Max: 25871.1
Current: 9.7

2.8
25871.1

During the past 13 years, the highest EV/EBIT Ratio of Energy Company of Minas Gerais was 25871.10. The lowest was 2.80. And the median was 6.30.

CIG's EV-to-EBIT is ranked higher than
82% of the 864 Companies
in the Global Utilities - Diversified industry.

( Industry Median: 15.02 vs. CIG: 9.70 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). Energy Company of Minas Gerais's enterprise value for the quarter that ended in Dec. 2016 was $6,580 Mil. Energy Company of Minas Gerais's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2016 was $677 Mil. Energy Company of Minas Gerais's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2016 was 10.29%.


Definition

Energy Company of Minas Gerais's EV/EBIT for today is calculated as:

EV/EBIT=Enterprise Value (Today)/Earnings Before Interest and Taxes (EBIT) (TTM)
=6825.310/676.967901152
=10.08

Energy Company of Minas Gerais's current Enterprise Value is $6,825 Mil.
Energy Company of Minas Gerais's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2016 was 124.321254732 (Mar. 2016 ) + 217.409592802 (Jun. 2016 ) + 336.141645149 (Sep. 2016 ) + -0.904591532499 (Dec. 2016 ) = $677 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).

Energy Company of Minas Gerais's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2016 is calculated as:

Earnings Yield (Joel Greenblatt) (Q: Dec. 2016 )=EBIT (TTM)/Enterprise Value (Q: Dec. 2016 )
=676.967901152/6580.35197996
=10.29 %

Energy Company of Minas Gerais's Enterprise Value for the quarter that ended in Dec. 2016 was $6,580 Mil.
Energy Company of Minas Gerais's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2016 was 124.321254732 (Mar. 2016 ) + 217.409592802 (Jun. 2016 ) + 336.141645149 (Sep. 2016 ) + -0.904591532499 (Dec. 2016 ) = $677 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.

Energy Company of Minas Gerais Annual Data

Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
ev2ebit 5.637.055.375.797.604.725.095.504.019.75

Energy Company of Minas Gerais Quarterly Data

Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16
ev2ebit 3.995.502.963.743.494.017.858.437.749.75
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