GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Minto Apartment REIT (TSX:MI.UN) » Definitions » EV-to-EBIT

Minto Apartment REIT (TSX:MI.UN) EV-to-EBIT : -18.46 (As of Apr. 27, 2024)


View and export this data going back to 2018. Start your Free Trial

What is Minto Apartment REIT EV-to-EBIT?

EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Minto Apartment REIT's Enterprise Value is C$1,520.8 Mil. Minto Apartment REIT's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was C$-82.4 Mil. Therefore, Minto Apartment REIT's EV-to-EBIT for today is -18.46.

The historical rank and industry rank for Minto Apartment REIT's EV-to-EBIT or its related term are showing as below:

TSX:MI.UN' s EV-to-EBIT Range Over the Past 10 Years
Min: -58.14   Med: 11.14   Max: 102.8
Current: -18.46

During the past 9 years, the highest EV-to-EBIT of Minto Apartment REIT was 102.80. The lowest was -58.14. And the median was 11.14.

TSX:MI.UN's EV-to-EBIT is ranked worse than
100% of 577 companies
in the REITs industry
Industry Median: 19.98 vs TSX:MI.UN: -18.46

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %. Minto Apartment REIT's Enterprise Value for the quarter that ended in Dec. 2023 was C$1,571.9 Mil. Minto Apartment REIT's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was C$-82.4 Mil. Minto Apartment REIT's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -5.24%.


Minto Apartment REIT EV-to-EBIT Historical Data

The historical data trend for Minto Apartment REIT's EV-to-EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Minto Apartment REIT EV-to-EBIT Chart

Minto Apartment REIT Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EV-to-EBIT
Get a 7-Day Free Trial Premium Member Only 40.70 6.89 13.81 5.80 -19.08

Minto Apartment REIT Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
EV-to-EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.80 7.65 -57.81 -39.46 -19.08

Competitive Comparison of Minto Apartment REIT's EV-to-EBIT

For the REIT - Residential subindustry, Minto Apartment REIT's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Minto Apartment REIT's EV-to-EBIT Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Minto Apartment REIT's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Minto Apartment REIT's EV-to-EBIT falls into.



Minto Apartment REIT EV-to-EBIT Calculation

Minto Apartment REIT's EV-to-EBIT for today is calculated as:

EV-to-EBIT=Enterprise Value (Today)/EBIT (TTM)
=1520.802/-82.391
=-18.46

Minto Apartment REIT's current Enterprise Value is C$1,520.8 Mil.
Minto Apartment REIT's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-82.4 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Minto Apartment REIT  (TSX:MI.UN) EV-to-EBIT Explanation

This is a more accurate valuation of companies' operation because it considers 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) %.

Minto Apartment REIT's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

Earnings Yield (Joel Greenblatt) % (Q: Dec. 2023 ) =EBIT / Enterprise Value (Q: Dec. 2023 )
=-82.391/1571.872348
=-5.24 %

Minto Apartment REIT's Enterprise Value for the quarter that ended in Dec. 2023 was C$1,571.9 Mil.
Minto Apartment REIT's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-82.4 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Minto Apartment REIT EV-to-EBIT Related Terms

Thank you for viewing the detailed overview of Minto Apartment REIT's EV-to-EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.


Minto Apartment REIT (TSX:MI.UN) Business Description

Traded in Other Exchanges
Address
200 - 180 Kent Street, Ottawa, ON, CAN, K1P 0B6
Minto Apartment REIT is an unincorporated, open-ended real estate investment trust. It owns, develops, and operates a portfolio of income-producing multi-residential rental properties located in Canada. Its portfolio consists of interests in 32 multi-residential rental properties, including four mixed-use residential apartments and commercial buildings. The Reit's primary source of revenue is rental revenue.

Minto Apartment REIT (TSX:MI.UN) Headlines

No Headlines