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GuruFocus has detected 1 Warning Sign with ArcelorMittal SA $MT.
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ArcelorMittal SA (NYSE:MT)
EV-to-EBIT
7.97 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its Earnings Before Interest and Taxes (EBIT). As of today, ArcelorMittal SA's enterprise value is $37,912 Mil. ArcelorMittal SA's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2017 was $4,755 Mil. Therefore, ArcelorMittal SA's EV/EBIT ratio for today is 7.97.

MT' s EV-to-EBIT Range Over the Past 10 Years
Min: -1342   Max: 57.8
Current: 7.79

-1342
57.8

During the past 13 years, the highest EV/EBIT Ratio of ArcelorMittal SA was 57.80. The lowest was -1342.00. And the median was 7.60.

MT's EV-to-EBIT is ranked higher than
78% of the 537 Companies
in the Global Steel industry.

( Industry Median: 14.04 vs. MT: 7.79 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). ArcelorMittal SA's enterprise value for the quarter that ended in Mar. 2017 was $39,892 Mil. ArcelorMittal SA's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2017 was $4,755 Mil. ArcelorMittal SA's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2017 was 11.92%.


Definition

ArcelorMittal SA's EV/EBIT for today is calculated as:

EV/EBIT=Enterprise Value (Today)/Earnings Before Interest and Taxes (EBIT) (TTM)
=37912.133/4755
=7.97

ArcelorMittal SA's current Enterprise Value is $37,912 Mil.
ArcelorMittal SA's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2017 was 1591 (Jun. 2016 ) + 1090 (Sep. 2016 ) + 545 (Dec. 2016 ) + 1529 (Mar. 2017 ) = $4,755 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).

ArcelorMittal SA'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 )
=4755/39892.4166
=11.92 %

ArcelorMittal SA's Enterprise Value for the quarter that ended in Mar. 2017 was $39,892 Mil.
ArcelorMittal SA's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2017 was 1591 (Jun. 2016 ) + 1090 (Sep. 2016 ) + 545 (Dec. 2016 ) + 1529 (Mar. 2017 ) = $4,755 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.

ArcelorMittal SA Annual Data

Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
ev2ebit 6.944.81-26.0817.679.26-21.54-107.4513.96-1.619.91

ArcelorMittal SA Quarterly Data

Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16Mar17
ev2ebit 13.9628.9429.7752.54-1.61-7.24-7.98-15.069.918.66
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