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GuruFocus has detected 3 Warning Signs with Molson Coors Brewing Co $TAP.
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Molson Coors Brewing Co (NYSE:TAP)
EV-to-EBIT
9.10 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its Earnings Before Interest and Taxes (EBIT). As of today, Molson Coors Brewing Co's enterprise value is $31,235 Mil. Molson Coors Brewing Co's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2017 was $3,433 Mil. Therefore, Molson Coors Brewing Co's EV/EBIT ratio for today is 9.10.

TAP' s EV-to-EBIT Range Over the Past 10 Years
Min: 9   Max: 38
Current: 9.11

9
38

During the past 13 years, the highest EV/EBIT Ratio of Molson Coors Brewing Co was 38.00. The lowest was 9.00. And the median was 15.15.

TAP's EV-to-EBIT is ranked higher than
83% of the 174 Companies
in the Global Beverages - Brewers industry.

( Industry Median: 17.45 vs. TAP: 9.11 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). Molson Coors Brewing Co's enterprise value for the quarter that ended in Mar. 2017 was $32,706 Mil. Molson Coors Brewing Co's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2017 was $3,433 Mil. Molson Coors Brewing Co's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2017 was 10.50%.


Definition

Molson Coors Brewing Co's EV/EBIT for today is calculated as:

EV/EBIT=Enterprise Value (Today)/Earnings Before Interest and Taxes (EBIT) (TTM)
=31234.970/3432.8
=9.10

Molson Coors Brewing Co's current Enterprise Value is $31,235 Mil.
Molson Coors Brewing Co's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2017 was 267.8 (Jun. 2016 ) + 289.2 (Sep. 2016 ) + 2506.6 (Dec. 2016 ) + 369.2 (Mar. 2017 ) = $3,433 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).

Molson Coors Brewing Co'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 )
=3432.8/32705.6346
=10.50 %

Molson Coors Brewing Co's Enterprise Value for the quarter that ended in Mar. 2017 was $32,706 Mil.
Molson Coors Brewing Co's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2017 was 267.8 (Jun. 2016 ) + 289.2 (Sep. 2016 ) + 2506.6 (Dec. 2016 ) + 369.2 (Mar. 2017 ) = $3,433 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.

Molson Coors Brewing Co Annual Data

Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
ev2ebit 17.0615.2011.5011.069.8115.0116.3722.4439.079.87

Molson Coors Brewing Co Quarterly Data

Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16Mar17
ev2ebit 22.4425.7826.1029.6639.0732.5736.1526.629.879.53
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