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GuruFocus has detected 3 Warning Signs with Zions Bancorp $ZION.
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Zions Bancorp (NAS:ZION)
EV-to-EBIT
9.44 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its Earnings Before Interest and Taxes (EBIT). As of today, Zions Bancorp's enterprise value is $7,143 Mil. Zions Bancorp's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2017 was $757 Mil. Therefore, Zions Bancorp's EV/EBIT ratio for today is 9.44.

ZION' s EV-to-EBIT Range Over the Past 10 Years
Min: -13.8   Max: 150.9
Current: 9.44

-13.8
150.9

During the past 13 years, the highest EV/EBIT Ratio of Zions Bancorp was 150.90. The lowest was -13.80. And the median was 0.90.

ZION's EV-to-EBIT is ranked higher than
56% of the 1668 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 12.52 vs. ZION: 9.44 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). Zions Bancorp's enterprise value for the quarter that ended in Mar. 2017 was $7,268 Mil. Zions Bancorp's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2017 was $757 Mil. Zions Bancorp's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2017 was 10.42%.


Definition

Zions Bancorp's EV/EBIT for today is calculated as:

EV/EBIT=Enterprise Value (Today)/Earnings Before Interest and Taxes (EBIT) (TTM)
=7142.700/757.023
=9.44

Zions Bancorp's current Enterprise Value is $7,143 Mil.
Zions Bancorp's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2017 was 174.18 (Jun. 2016 ) + 191.957 (Sep. 2016 ) + 206.886 (Dec. 2016 ) + 184 (Mar. 2017 ) = $757 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).

Zions Bancorp'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 )
=757.023/7267.64
=10.42 %

Zions Bancorp's Enterprise Value for the quarter that ended in Mar. 2017 was $7,268 Mil.
Zions Bancorp's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2017 was 174.18 (Jun. 2016 ) + 191.957 (Sep. 2016 ) + 206.886 (Dec. 2016 ) + 184 (Mar. 2017 ) = $757 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.

Zions Bancorp Annual Data

Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
ev2ebit 11.88135.64-2.21-7.67-1.63-0.76-1.33-0.220.7011.12

Zions Bancorp Quarterly Data

Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16Mar17
ev2ebit -0.220.100.230.960.706.876.468.6111.129.60
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