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GuruFocus has detected 4 Warning Signs with DryShips Inc $DRYS.
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DryShips Inc (NAS:DRYS)
EV-to-EBIT
1.90 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its Earnings Before Interest and Taxes (EBIT). As of today, DryShips Inc's enterprise value is $-193.59 Mil. DryShips Inc's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2017 was $-101.69 Mil. Therefore, DryShips Inc's EV/EBIT ratio for today is 1.90.

DRYS' s EV-to-EBIT Range Over the Past 10 Years
Min: -209.9   Max: 167
Current: 1.9

-209.9
167

During the past 13 years, the highest EV/EBIT Ratio of DryShips Inc was 167.00. The lowest was -209.90. And the median was 17.30.

DRYS's EV-to-EBIT is ranked lower than
99.99% of the 871 Companies
in the Global Shipping & Ports industry.

( Industry Median: 14.84 vs. DRYS: 1.90 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). DryShips Inc's enterprise value for the quarter that ended in Mar. 2017 was $-76.23 Mil. DryShips Inc's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2017 was $-101.69 Mil. DryShips Inc's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2017 was 133.40%.


Definition

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

EV/EBIT=Enterprise Value (Today)/Earnings Before Interest and Taxes (EBIT) (TTM)
=-193.587/-101.692
=1.90

DryShips Inc's current Enterprise Value is $-193.59 Mil.
DryShips Inc's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2017 was -14.013 (Jun. 2016 ) + -3.56 (Sep. 2016 ) + -76.026 (Dec. 2016 ) + -8.093 (Mar. 2017 ) = $-101.69 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).

DryShips 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 )
=-101.692/-76.231
=133.40 %

DryShips Inc's Enterprise Value for the quarter that ended in Mar. 2017 was $-76.23 Mil.
DryShips Inc's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2017 was -14.013 (Jun. 2016 ) + -3.56 (Sep. 2016 ) + -76.026 (Dec. 2016 ) + -8.093 (Mar. 2017 ) = $-101.69 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.

DryShips Inc Annual Data

Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
ev2ebit 21.01-28.5045.5316.7243.19-156.6869.2814.75-0.36-1.32

DryShips Inc Quarterly Data

Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16Mar17
ev2ebit 14.7515.224.02-0.50-0.36-0.27-0.28-1.02-1.320.75
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