Switch to:
Apple Inc (NAS:AAPL)
EV/EBIT
11.77 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its EBIT. As of today, Apple Inc's enterprise value is $604,582 Mil. Apple Inc's operating income for the trailing twelve months (TTM) ended in Jun. 2014 was $51,368 Mil. Therefore, Apple Inc's EV/EBIT ratio for today is 11.77.

AAPL' s 10-Year EV/EBIT Range
Min: 5   Max: 66.2
Current: 11.77

5
66.2

During the past 13 years, the highest EV/EBIT Ratio of Apple Inc was 66.20. The lowest was 5.00. And the median was 13.00.

AAPL's EV/EBITis ranked higher than
73% of the 1894 Companies
in the Global Computer Systems industry.

( Industry Median: 14.40 vs. AAPL: 11.77 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). Apple Inc's enterprise value for the quarter that ended in Jun. 2014 was $544,119 Mil. Apple Inc's Operating Income for the trailing twelve months (TTM) ended in Jun. 2014 was $51,368 Mil. Apple Inc's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2014 was 9.44%.


Definition

Apple Inc's EV/EBIT for today is calculated as:

EV/EBIT=Enterprise Value (Today)/Operating Income (TTM)
=604581.945/51368
=11.77

Apple Inc's current Enterprise Value is $604,582 Mil.
Apple Inc's Operating Income for the trailing twelve months (TTM) ended in Jun. 2014 was 10030 (Sep. 2013 ) + 17463 (Dec. 2013 ) + 13593 (Mar. 2014 ) + 10282 (Jun. 2014 ) = $51,368 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their own 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).

Apple Inc's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2014 is calculated as:

Earnings Yield (Joel Greenblatt) (Q: Jun. 2014 )=Operating Income (TTM)/Enterprise Value (Q: Jun. 2014 )
=51368/544118.8566
=9.44 %

Apple Inc's Enterprise Value for the quarter that ended in Jun. 2014 was $544,119 Mil.
Apple Inc's Operating Income for the trailing twelve months (TTM) ended in Jun. 2014 was 10030 (Sep. 2013 ) + 17463 (Dec. 2013 ) + 13593 (Mar. 2014 ) + 10282 (Jun. 2014 ) = $51,368 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.


Related Terms

Enterprise Value, Operating Income, Earnings Yield (Joel Greenblatt)


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Apple Inc Annual Data

Sep04Sep05Sep06Sep07Sep08Sep09Sep10Sep11Sep12Sep13
ev2ebit 30.5721.9822.8426.999.4812.2112.749.7210.818.27

Apple Inc Quarterly Data

Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14Jun14
ev2ebit 10.479.8010.818.347.216.708.279.688.7110.59
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
Free 7-day Trial
FEEDBACK