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Corebridge Financial (Corebridge Financial) EV-to-EBIT : 9.59 (As of May. 22, 2024)


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What is Corebridge Financial EV-to-EBIT?

EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Corebridge Financial's Enterprise Value is $30,397 Mil. Corebridge Financial's EBIT for the trailing twelve months (TTM) ended in Mar. 2024 was $3,171 Mil. Therefore, Corebridge Financial's EV-to-EBIT for today is 9.59.

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

CRBG' s EV-to-EBIT Range Over the Past 10 Years
Min: 1.65   Med: 6.4   Max: 19.98
Current: 9.59

During the past 5 years, the highest EV-to-EBIT of Corebridge Financial was 19.98. The lowest was 1.65. And the median was 6.40.

CRBG's EV-to-EBIT is ranked better than
52.04% of 490 companies
in the Asset Management industry
Industry Median: 9.965 vs CRBG: 9.59

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %. Corebridge Financial's Enterprise Value for the quarter that ended in Mar. 2024 was $29,979 Mil. Corebridge Financial's EBIT for the trailing twelve months (TTM) ended in Mar. 2024 was $3,171 Mil. Corebridge Financial's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 10.58%.


Corebridge Financial EV-to-EBIT Historical Data

The historical data trend for Corebridge Financial'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.

Corebridge Financial EV-to-EBIT Chart

Corebridge Financial Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
EV-to-EBIT
- - - 2.60 16.84

Corebridge Financial Quarterly Data
Dec19 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 3.72 6.26 8.23 16.84 9.45

Competitive Comparison of Corebridge Financial's EV-to-EBIT

For the Asset Management subindustry, Corebridge Financial'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.


Corebridge Financial's EV-to-EBIT Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Corebridge Financial's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Corebridge Financial's EV-to-EBIT falls into.



Corebridge Financial EV-to-EBIT Calculation

Corebridge Financial's EV-to-EBIT for today is calculated as:

EV-to-EBIT=Enterprise Value (Today)/EBIT (TTM)
=30397.317/3171
=9.59

Corebridge Financial's current Enterprise Value is $30,397 Mil.
Corebridge Financial's EBIT for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $3,171 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.


Corebridge Financial  (NYSE:CRBG) 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) %.

Corebridge Financial's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

Earnings Yield (Joel Greenblatt) % (Q: Mar. 2024 ) =EBIT / Enterprise Value (Q: Mar. 2024 )
=3171/29978.75803
=10.58 %

Corebridge Financial's Enterprise Value for the quarter that ended in Mar. 2024 was $29,979 Mil.
Corebridge Financial's EBIT for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $3,171 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.


Corebridge Financial EV-to-EBIT Related Terms

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


Corebridge Financial (Corebridge Financial) Business Description

Traded in Other Exchanges
Address
2919 Allen Parkway, Woodson Tower, Houston, TX, USA, 77019
Corebridge Financial Inc provides retirement solutions and insurance products in the United States. It offers a broad set of products and services through five segments namely Individual Retirement, Group Retirement, Life Insurance, Institutional Markets businesses, Corporate and Other.
Executives
American International Group, Inc. 10 percent owner 1271 AVE OF THE AMERICAS, FL 37, NEW YORK NY 10020-1304
John P Byrne officer: Pres of Financial Distributors 7428 FOXBURG COURT, CLARKSTON MI 48348
Timothy M Heslin officer: President of Life Insurance 4401 FARRISWOOD DR., NASHVILLE TN 37204
Bryan A Pinsky officer: Pres of Individual Retirement 405 10TH ST., MANHATTAN BEACH CA 90266
Caldwell Steven Douglas Jr officer: Chief Risk Officer 39 GRAMERCY PARK N APT 1BC, NEW YORK NY 10010
Christopher Brian Smith officer: Chief Operating Officer 42 WADE DRIVE, SUMMIT NJ 07901
Lisa Longino officer: Chief Investment Officer C/O COREBRIDGE FINANCIAL, INC., 2919 ALLEN PARKWAY, WOODSON TOWER, HOUSTON TX 77019
Hunter Constance officer: Head of Strategy 1271 AVE OF THE AMERICAS, NEW YORK NY 10020-1304
Katherine Ann Anderson officer: Chief Risk Officer C/O COREBRIDGE FINANCIAL, INC., 21650 OXNARD STREET, SUITE 750, WOODLAND HILLS CA 91367
Elizabeth Palmer officer: Chief Marketing Officer C/O COREBRIDGE FINANCIAL, INC., 21650 OXNARD STREET, SUITE 750, WOODLAND HILLS CA 91367
Alan Leonard Smith officer: Chief Human Resources Officer C/O COREBRIDGE FINANCIAL, INC., 21650 OXNARD STREET, SUITE 750, WOODLAND HILLS CA 91367
Terri N Fiedler officer: President Retirement Services C/O COREBRIDGE FINANCIAL, INC., 21650 OXNARD STREET, SUITE 750, WOODLAND HILLS NY 91367
Todd P Solash officer: President, IR and Life C/O COREBRIDGE FINANCIAL, INC., 21650 OXNARD STREET, SUITE 750, WOODLAND HILLS CA 91367
Jonathan J Novak officer: President of IM C/O COREBRIDGE FINANCIAL, INC., 21650 OXNARD STREET, SUITE 750, WOODLAND HILLS CA 91367
Mia W Tarpey officer: Chief Operating Officer C/O COREBRIDGE FINANCIAL, INC., 21650 OXNARD STREET, SUITE 750, WOODLAND HILLS CA 91367