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GuruFocus has detected 7 Warning Signs with DTE Energy Co $DTE.
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DTE Energy Co (NYSE:DTE)
EV-to-EBIT
17.95 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its Earnings Before Interest and Taxes (EBIT). As of today, DTE Energy Co's enterprise value is $31,774 Mil. DTE Energy Co's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2017 was $1,770 Mil. Therefore, DTE Energy Co's EV/EBIT ratio for today is 17.95.

DTE' s EV-to-EBIT Range Over the Past 10 Years
Min: 5.2   Max: 19.8
Current: 17.95

5.2
19.8

During the past 13 years, the highest EV/EBIT Ratio of DTE Energy Co was 19.80. The lowest was 5.20. And the median was 12.40.

DTE's EV-to-EBIT is ranked lower than
71% of the 864 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 15.02 vs. DTE: 17.95 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). DTE Energy Co's enterprise value for the quarter that ended in Mar. 2017 was $30,560 Mil. DTE Energy Co's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2017 was $1,770 Mil. DTE Energy Co's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2017 was 5.79%.


Definition

DTE Energy Co's EV/EBIT for today is calculated as:

EV/EBIT=Enterprise Value (Today)/Earnings Before Interest and Taxes (EBIT) (TTM)
=31773.703/1770
=17.95

DTE Energy Co's current Enterprise Value is $31,774 Mil.
DTE Energy Co's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2017 was 309 (Jun. 2016 ) + 549 (Sep. 2016 ) + 283 (Dec. 2016 ) + 629 (Mar. 2017 ) = $1,770 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).

DTE Energy Co'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 )
=1770/30559.5129
=5.79 %

DTE Energy Co's Enterprise Value for the quarter that ended in Mar. 2017 was $30,560 Mil.
DTE Energy Co's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2017 was 309 (Jun. 2016 ) + 549 (Sep. 2016 ) + 283 (Dec. 2016 ) + 629 (Mar. 2017 ) = $1,770 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.

DTE Energy Co Annual Data

Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
ev2ebit 7.7010.7211.5710.5611.7113.1414.7114.2417.2218.93

DTE Energy Co Quarterly Data

Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16Mar17
ev2ebit 14.2414.4814.2413.4517.2219.4319.7118.2618.9317.27
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