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GuruFocus has detected 2 Warning Signs with Denbury Resources Inc $DNR.
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Denbury Resources Inc (NYSE:DNR)
EV-to-EBIT
-3.34 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its Earnings Before Interest and Taxes (EBIT). As of today, Denbury Resources Inc's enterprise value is $3,656 Mil. Denbury Resources Inc's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2017 was $-1,094 Mil. Therefore, Denbury Resources Inc's EV/EBIT ratio for today is -3.34.

During the past 13 years, the highest EV/EBIT Ratio of Denbury Resources Inc was 66.70. The lowest was -446.40. And the median was 10.50.

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). Denbury Resources Inc's enterprise value for the quarter that ended in Mar. 2017 was $4,066 Mil. Denbury Resources Inc's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2017 was $-1,094 Mil. Denbury Resources Inc's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2017 was -26.92%.


Definition

Denbury Resources Inc's EV/EBIT for today is calculated as:

EV/EBIT=Enterprise Value (Today)/Earnings Before Interest and Taxes (EBIT) (TTM)
=3655.753/-1094.414
=-3.34

Denbury Resources Inc's current Enterprise Value is $3,656 Mil.
Denbury Resources Inc's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2017 was -567.55 (Jun. 2016 ) + -1.844 (Sep. 2016 ) + -594.702 (Dec. 2016 ) + 69.682 (Mar. 2017 ) = $-1,094 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).

Denbury Resources Inc's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2017 is calculated as:

Earnings Yield (Joel Greenblatt) (Q: Mar. 2017 )=EBIT (TTM)/Enterprise Value (Q: Mar. 2017 )
=-1094.414/4065.953
=-26.92 %

Denbury Resources Inc's Enterprise Value for the quarter that ended in Mar. 2017 was $4,066 Mil.
Denbury Resources Inc's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2017 was -567.55 (Jun. 2016 ) + -1.844 (Sep. 2016 ) + -594.702 (Dec. 2016 ) + 69.682 (Mar. 2017 ) = $-1,094 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.

Denbury Resources Inc Annual Data

Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
ev2ebit 18.625.01-69.0213.697.769.0311.805.33-0.65-3.18

Denbury Resources Inc Quarterly Data

Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16Mar17
ev2ebit 5.336.68-7.47-1.00-0.65-0.64-0.88-1.97-3.18-3.72
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