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GuruFocus has detected 6 Warning Signs with Investors Real Estate Trust $IRET.
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Investors Real Estate Trust (NYSE:IRET)
EV-to-EBIT
158.65 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its Earnings Before Interest and Taxes (EBIT). As of today, Investors Real Estate Trust's enterprise value is $1,771.8 Mil. Investors Real Estate Trust's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jan. 2017 was $11.2 Mil. Therefore, Investors Real Estate Trust's EV/EBIT ratio for today is 158.65.

IRET' s EV-to-EBIT Range Over the Past 10 Years
Min: 16.3   Max: 212.7
Current: 158.64

16.3
212.7

During the past 13 years, the highest EV/EBIT Ratio of Investors Real Estate Trust was 212.70. The lowest was 16.30. And the median was 36.80.

IRET's EV-to-EBIT is ranked lower than
98% of the 892 Companies
in the Global REIT - Residential industry.

( Industry Median: 21.84 vs. IRET: 158.64 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). Investors Real Estate Trust's enterprise value for the quarter that ended in Jan. 2017 was $1,798.4 Mil. Investors Real Estate Trust's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jan. 2017 was $11.2 Mil. Investors Real Estate Trust's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jan. 2017 was 0.62%.


Definition

Investors Real Estate Trust's EV/EBIT for today is calculated as:

EV/EBIT=Enterprise Value (Today)/Earnings Before Interest and Taxes (EBIT) (TTM)
=1771.759/11.168
=158.65

Investors Real Estate Trust's current Enterprise Value is $1,771.8 Mil.
Investors Real Estate Trust's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Jan. 2017 was 20.354 (Apr. 2016 ) + -33.941 (Jul. 2016 ) + 12.517 (Oct. 2016 ) + 12.238 (Jan. 2017 ) = $11.2 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).

Investors Real Estate Trust's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jan. 2017 is calculated as:

Earnings Yield (Joel Greenblatt) (Q: Jan. 2017 )=EBIT (TTM)/Enterprise Value (Q: Jan. 2017 )
=11.168/1798.3996
=0.62 %

Investors Real Estate Trust's Enterprise Value for the quarter that ended in Jan. 2017 was $1,798.4 Mil.
Investors Real Estate Trust's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Jan. 2017 was 20.354 (Apr. 2016 ) + -33.941 (Jul. 2016 ) + 12.517 (Oct. 2016 ) + 12.238 (Jan. 2017 ) = $11.2 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.

Investors Real Estate Trust Annual Data

Apr07Apr08Apr09Apr10Apr11Apr12Apr13Apr14Apr15Apr16
ev2ebit 113.22146.8522.7826.3428.3926.3926.9455.2734.5533.01

Investors Real Estate Trust Quarterly Data

Oct14Jan15Apr15Jul15Oct15Jan16Apr16Jul16Oct16Jan17
ev2ebit 79.8982.5234.5535.2841.4541.3833.01201.12135.39161.03
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