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EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, DraftKings's Enterprise Value is $22,130 Mil. DraftKings's EBIT for the trailing twelve months (TTM) ended in Mar. 2024 was $-536 Mil. Therefore, DraftKings's EV-to-EBIT for today is -41.27.
The historical rank and industry rank for DraftKings's EV-to-EBIT or its related term are showing as below:
During the past 7 years, the highest EV-to-EBIT of DraftKings was -2.39. The lowest was -71.92. And the median was -13.12.
Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %. DraftKings's Enterprise Value for the quarter that ended in Mar. 2024 was $21,752 Mil. DraftKings's EBIT for the trailing twelve months (TTM) ended in Mar. 2024 was $-536 Mil. DraftKings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -2.46%.
The historical data trend for DraftKings'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.
DraftKings Annual Data | ||||||||||||||||
Trend | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||
EV-to-EBIT | Get a 7-Day Free Trial | - | -19.82 | -6.84 | -3.57 | -21.23 |
DraftKings Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
EV-to-EBIT | Get a 7-Day Free Trial | -6.69 | -10.89 | -14.18 | -21.23 | -40.57 |
For the Gambling subindustry, DraftKings'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.
For the Travel & Leisure industry and Consumer Cyclical sector, DraftKings's EV-to-EBIT distribution charts can be found below:
* The bar in red indicates where DraftKings's EV-to-EBIT falls into.
DraftKings's EV-to-EBIT for today is calculated as:
EV-to-EBIT | = | Enterprise Value (Today) | / | EBIT (TTM) |
= | 22129.673 | / | -536.168 | |
= | -41.27 |
DraftKings's current Enterprise Value is $22,130 Mil.
DraftKings's EBIT for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-536 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.
DraftKings (NAS:DKNG) 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) %.
DraftKings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:
Earnings Yield (Joel Greenblatt) % (Q: Mar. 2024 ) | = | EBIT | / | Enterprise Value (Q: Mar. 2024 ) |
= | -536.168 | / | 21752.44257 | |
= | -2.46 % |
DraftKings's Enterprise Value for the quarter that ended in Mar. 2024 was $21,752 Mil.
DraftKings's EBIT for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-536 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.
Thank you for viewing the detailed overview of DraftKings's EV-to-EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.
Jason Robins | director, officer: See Remarks | 222 BERKELEY STREET, FLOOR 5, BOSTON MA 02116 |
Matthew Kalish | director, officer: See Remarks | 222 BERKELEY STREET, FLOOR 5, BOSTON MA 02116 |
Paul Liberman | director, officer: See Remarks | 222 BERKELEY STREET, FLOOR 5, BOSTON MA 02116 |
R Stanton Dodge | officer: Chief Legal Officer | ECHOSTAR CORPORATION, 100 INVERNESS TERRACE EAST, ENGLEWOOD CO 80112 |
Jason Park | officer: Chief Financial Officer | 222 BERKELEY STREET, FLOOR 5, BOSTON MA 02116 |
Erik Bradbury | officer: Chief Accounting Officer | 222 BERKELEY STREET, FLOOR 5, BOSTON MA 02116 |
Marni M Walden | director | 1095 AVENUE OF THE AMERICAS, 8TH FLOOR, NEW YORK NY 10036 |
Shalom Meckenzie | director | 222 BERKELEY STREET, FLOOR 5, BOSTON MA 02116 |
Ryan R Moore | director | 56 WAREHAM STREET, 3RD FLOOR, BOSTON MA 02118 |
Jocelyn Moore | director | 222 BERKELEY STREET, FLOOR 5, BOSTON MA 02116 |
Steven Joseph Murray | director | C/O SOFTBANK CAPITAL, 38 GLEN AVENUE, NEWTON MA 02459 |
Woodrow Levin | director | 535 MISSION STREET, 11TH FLOOR, SAN FRANSISCO CA 941105 |
Harry Sloan | director | 1450 2ND STREET, SUITE 247, SANTA MONICA CA 90401 |
Valerie Mosley | director | TWO INTERNATIONAL PLACE, BOSTON MA 02110 |
Hany M Nada | director | 800 MARKET STREET #800 SAN FRANCISCO CA 94102 |
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