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Wetouch Technology (Wetouch Technology) EV-to-EBIT : -6.41 (As of May. 16, 2024)


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What is Wetouch Technology EV-to-EBIT?

EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Wetouch Technology's Enterprise Value is $-80.82 Mil. Wetouch Technology's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was $12.60 Mil. Therefore, Wetouch Technology's EV-to-EBIT for today is -6.41.

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

WETH' s EV-to-EBIT Range Over the Past 10 Years
Min: -6.64   Med: -1.04   Max: 15.4
Current: -6.41

During the past 5 years, the highest EV-to-EBIT of Wetouch Technology was 15.40. The lowest was -6.64. And the median was -1.04.

WETH's EV-to-EBIT is ranked better than
99.48% of 1342 companies
in the Real Estate industry
Industry Median: 13.49 vs WETH: -6.41

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %. Wetouch Technology's Enterprise Value for the quarter that ended in Dec. 2023 was $-33.07 Mil. Wetouch Technology's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was $12.60 Mil. Wetouch Technology's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -38.10%.


Wetouch Technology EV-to-EBIT Historical Data

The historical data trend for Wetouch Technology'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.

Wetouch Technology EV-to-EBIT Chart

Wetouch Technology Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
EV-to-EBIT
-0.74 6.68 -0.96 -3.51 -2.62

Wetouch Technology Quarterly Data
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 -3.51 -3.34 -0.88 0.34 -2.62

Competitive Comparison of Wetouch Technology's EV-to-EBIT

For the Real Estate Services subindustry, Wetouch Technology'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.


Wetouch Technology's EV-to-EBIT Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Wetouch Technology's EV-to-EBIT distribution charts can be found below:

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



Wetouch Technology EV-to-EBIT Calculation

Wetouch Technology's EV-to-EBIT for today is calculated as:

EV-to-EBIT=Enterprise Value (Today)/EBIT (TTM)
=-80.821/12.599
=-6.41

Wetouch Technology's current Enterprise Value is $-80.82 Mil.
Wetouch Technology'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 $12.60 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.


Wetouch Technology  (NAS:WETH) 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) %.

Wetouch Technology'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 )
=12.599/-33.067825
=-38.10 %

Wetouch Technology's Enterprise Value for the quarter that ended in Dec. 2023 was $-33.07 Mil.
Wetouch Technology'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 $12.60 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.


Wetouch Technology EV-to-EBIT Related Terms

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Wetouch Technology (Wetouch Technology) Business Description

Traded in Other Exchanges
N/A
Address
No. 29, Third Main Avenue, Shigao Town, Renshou County, Meishan, Sichuan, CHN, 620500
Wetouch Technology Inc is a touch panel supplier focused on R & D, production and sales of touch screen products. It offers touchscreens for a variety of applications, including GPS/car entertainment panels for automotive industry, industrial human-machine interface ("HMI"), financial and banking terminals, point of sale, lottery and gaming machines, smart home, robots and charging stations. The Company sells touchscreen products both domestically in China and internationally, covering majority areas in China, Taiwan, South Korea, and Germany.