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GuruFocus has detected 3 Warning Signs with Toyota Motor Corp $TM.
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Toyota Motor Corp (NYSE:TM)
EV-to-EBIT
14.34 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its Earnings Before Interest and Taxes (EBIT). As of today, Toyota Motor Corp's enterprise value is $293,596 Mil. Toyota Motor Corp's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2017 was $20,472 Mil. Therefore, Toyota Motor Corp's EV/EBIT ratio for today is 14.34.

TM' s EV-to-EBIT Range Over the Past 10 Years
Min: -44.1   Max: 89.8
Current: 14.7

-44.1
89.8

During the past 13 years, the highest EV/EBIT Ratio of Toyota Motor Corp was 89.80. The lowest was -44.10. And the median was 13.80.

TM's EV-to-EBIT is ranked higher than
82% of the 1383 Companies
in the Global Auto Manufacturers industry.

( Industry Median: 13.17 vs. TM: 14.70 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). Toyota Motor Corp's enterprise value for the quarter that ended in Mar. 2017 was $294,463 Mil. Toyota Motor Corp's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2017 was $20,472 Mil. Toyota Motor Corp's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2017 was 6.95%.


Definition

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

EV/EBIT=Enterprise Value (Today)/Earnings Before Interest and Taxes (EBIT) (TTM)
=293595.817/20471.9832787
=14.34

Toyota Motor Corp's current Enterprise Value is $293,596 Mil.
Toyota Motor Corp's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2017 was 6473.4045936 (Jun. 2016 ) + 4968.03534533 (Sep. 2016 ) + 5138.12726243 (Dec. 2016 ) + 3892.41607737 (Mar. 2017 ) = $20,472 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).

Toyota Motor 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 )
=20471.9832787/294463.376641
=6.95 %

Toyota Motor Corp's Enterprise Value for the quarter that ended in Mar. 2017 was $294,463 Mil.
Toyota Motor Corp's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2017 was 6473.4045936 (Jun. 2016 ) + 4968.03534533 (Sep. 2016 ) + 5138.12726243 (Dec. 2016 ) + 3892.41607737 (Mar. 2017 ) = $20,472 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.

Toyota Motor Corp Annual Data

Mar08Mar09Mar10Mar11Mar12Mar13Mar14Mar15Mar16Mar17
ev2ebit 10.57-38.8763.9534.0645.8218.8412.7114.1110.9514.83

Toyota Motor Corp Quarterly Data

Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16Mar17
ev2ebit 14.0914.1113.9612.0312.8710.959.9512.1515.7314.83
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