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GuruFocus has detected 6 Warning Signs with Meredith Corp $MDP.
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Meredith Corp (NYSE:MDP)
EV-to-EBIT
19.61 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its Earnings Before Interest and Taxes (EBIT). As of today, Meredith Corp's enterprise value is $3,021 Mil. Meredith Corp's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2017 was $154 Mil. Therefore, Meredith Corp's EV/EBIT ratio for today is 19.61.

MDP' s EV-to-EBIT Range Over the Past 10 Years
Min: -15.6   Max: 24.8
Current: 19.61

-15.6
24.8

During the past 13 years, the highest EV/EBIT Ratio of Meredith Corp was 24.80. The lowest was -15.60. And the median was 10.40.

MDP's EV-to-EBIT is ranked lower than
53% of the 182 Companies
in the Global Publishing industry.

( Industry Median: 15.54 vs. MDP: 19.61 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). Meredith Corp's enterprise value for the quarter that ended in Mar. 2017 was $3,484 Mil. Meredith Corp's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2017 was $154 Mil. Meredith Corp's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2017 was 4.42%.


Definition

Meredith Corp's EV/EBIT for today is calculated as:

EV/EBIT=Enterprise Value (Today)/Earnings Before Interest and Taxes (EBIT) (TTM)
=3021.036/154.061
=19.61

Meredith Corp's current Enterprise Value is $3,021 Mil.
Meredith Corp's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2017 was -86.554 (Jun. 2016 ) + 60.762 (Sep. 2016 ) + 109.825 (Dec. 2016 ) + 70.028 (Mar. 2017 ) = $154 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).

Meredith Corp'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 )
=154.061/3484.371
=4.42 %

Meredith Corp's Enterprise Value for the quarter that ended in Mar. 2017 was $3,484 Mil.
Meredith Corp's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2017 was -86.554 (Jun. 2016 ) + 60.762 (Sep. 2016 ) + 109.825 (Dec. 2016 ) + 70.028 (Mar. 2017 ) = $154 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.

Meredith Corp Annual Data

Jun07Jun08Jun09Jun10Jun11Jun12Jun13Jun14Jun15Jun16
ev2ebit 11.737.15-11.189.046.999.5611.6115.1712.8022.84

Meredith Corp Quarterly Data

Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16Mar17
ev2ebit 15.2714.3512.8012.3912.909.6522.8418.3715.3822.62
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