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GuruFocus has detected 5 Warning Signs with Sunoco LP $SUN.
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Sunoco LP (NYSE:SUN)
EV-to-EBIT
-26.21 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its Earnings Before Interest and Taxes (EBIT). As of today, Sunoco LP's enterprise value is $7,743 Mil. Sunoco LP's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2017 was $-295 Mil. Therefore, Sunoco LP's EV/EBIT ratio for today is -26.21.

SUN' s EV-to-EBIT Range Over the Past 10 Years
Min: -29   Max: 127.9
Current: -26.21

-29
127.9

During the past 7 years, the highest EV/EBIT Ratio of Sunoco LP was 127.90. The lowest was -29.00. And the median was 23.50.

SUN's EV-to-EBIT is ranked lower than
99.99% of the 185 Companies
in the Global Oil & Gas Refining & Marketing industry.

( Industry Median: 11.51 vs. SUN: -26.21 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). Sunoco LP's enterprise value for the quarter that ended in Mar. 2017 was $7,026 Mil. Sunoco LP's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2017 was $-295 Mil. Sunoco LP's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2017 was -4.20%.


Definition

Sunoco LP's EV/EBIT for today is calculated as:

EV/EBIT=Enterprise Value (Today)/Earnings Before Interest and Taxes (EBIT) (TTM)
=7742.950/-295.417
=-26.21

Sunoco LP's current Enterprise Value is $7,743 Mil.
Sunoco LP's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2017 was 124.439 (Jun. 2016 ) + 103.636 (Sep. 2016 ) + -568.492 (Dec. 2016 ) + 45 (Mar. 2017 ) = $-295 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).

Sunoco LP'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 )
=-295.417/7026.3362
=-4.20 %

Sunoco LP's Enterprise Value for the quarter that ended in Mar. 2017 was $7,026 Mil.
Sunoco LP's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2017 was 124.439 (Jun. 2016 ) + 103.636 (Sep. 2016 ) + -568.492 (Dec. 2016 ) + 45 (Mar. 2017 ) = $-295 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.

Sunoco LP Annual Data

Dec10Dec11Dec12Dec13Dec14Dec15Dec16
ev2ebit 0.000.000.000.000.0030.9348.56118.4717.36-29.69

Sunoco LP Quarterly Data

Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16Mar17
ev2ebit 118.4733.6517.5517.6117.3621.8720.7720.65-29.69-23.78
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