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GuruFocus has detected 6 Warning Signs with Frontline Ltd $OSTO:FROO.
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Frontline Ltd (OSTO:FROo)
EV-to-EBIT
18.88 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its Earnings Before Interest and Taxes (EBIT). As of today, Frontline Ltd's enterprise value is NOK19,671 Mil. Frontline Ltd's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2017 was NOK1,042 Mil. Therefore, Frontline Ltd's EV/EBIT ratio for today is 18.88.

OSTO:FROO' s EV-to-EBIT Range Over the Past 10 Years
Min: -55.5   Max: 29
Current: 19.81

-55.5
29

During the past 13 years, the highest EV/EBIT Ratio of Frontline Ltd was 29.00. The lowest was -55.50. And the median was 7.90.

OSTO:FROO's EV-to-EBIT is ranked lower than
59% of the 632 Companies
in the Global Shipping & Ports industry.

( Industry Median: 15.86 vs. OSTO:FROO: 19.81 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). Frontline Ltd's enterprise value for the quarter that ended in Mar. 2017 was NOK21,217 Mil. Frontline Ltd's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2017 was NOK1,042 Mil. Frontline Ltd's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2017 was 4.91%.


Definition

Frontline Ltd's EV/EBIT for today is calculated as:

EV/EBIT=Enterprise Value (Today)/Earnings Before Interest and Taxes (EBIT) (TTM)
=19671.483/1041.99808952
=18.88

Frontline Ltd's current Enterprise Value is NOK19,671 Mil.
Frontline Ltd's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2017 was 235.42358804 (Jun. 2016 ) + 167.204918033 (Sep. 2016 ) + 281.078767123 (Dec. 2016 ) + 358.290816327 (Mar. 2017 ) = NOK1,042 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).

Frontline Ltd'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 )
=1041.99808952/21216.787585
=4.91 %

Frontline Ltd's Enterprise Value for the quarter that ended in Mar. 2017 was NOK21,217 Mil.
Frontline Ltd's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2017 was 235.42358804 (Jun. 2016 ) + 167.204918033 (Sep. 2016 ) + 281.078767123 (Dec. 2016 ) + 358.290816327 (Mar. 2017 ) = NOK1,042 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.

Frontline Ltd Annual Data

Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
ev2ebit 8.095.8517.7714.81-4.34-18.5318.656.1312.4113.15

Frontline Ltd Quarterly Data

Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16Mar17
ev2ebit 6.135.502.502.2312.417.969.9911.7213.1520.14
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