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Adobe Systems Inc (NAS:ADBE)
EV/EBIT
78.55 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its EBIT. As of today, Adobe Systems Inc's enterprise value is $33,323 Mil. Adobe Systems Inc's operating income for the trailing twelve months (TTM) ended in May. 2014 was $427 Mil. Therefore, Adobe Systems Inc's EV/EBIT ratio for today is 78.55.

ADBE' s 10-Year EV/EBIT Range
Min: 7.1   Max: 81.6
Current: 78.55

7.1
81.6

During the past 13 years, the highest EV/EBIT Ratio of Adobe Systems Inc was 81.60. The lowest was 7.10. And the median was 20.60.

ADBE's EV/EBITis ranked higher than
63% of the 1826 Companies
in the Global Software - Application industry.

( Industry Median: 35.24 vs. ADBE: 78.55 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). Adobe Systems Inc's enterprise value for the quarter that ended in May. 2014 was $29,690 Mil. Adobe Systems Inc's Operating Income for the trailing twelve months (TTM) ended in May. 2014 was $427 Mil. Adobe Systems Inc's Earnings Yield (Joel Greenblatt) for the quarter that ended in May. 2014 was 1.44%.


Definition

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

EV/EBIT=Enterprise Value (Today)/Operating Income (TTM)
=33322.751/427.194
=78.00

Adobe Systems Inc's current Enterprise Value is $33,323 Mil.
Adobe Systems Inc's Operating Income for the trailing twelve months (TTM) ended in May. 2014 was 110.354 (Aug. 2013 ) + 102.836 (Nov. 2013 ) + 78.746 (Feb. 2014 ) + 135.258 (May. 2014 ) = $427 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).

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

Earnings Yield (Joel Greenblatt) (Q: May. 2014 )=Operating Income (TTM)/Enterprise Value (Q: May. 2014 )
=427.194/29689.8342
=1.44 %

Adobe Systems Inc's Enterprise Value for the quarter that ended in May. 2014 was $29,690 Mil.
Adobe Systems Inc's Operating Income for the trailing twelve months (TTM) ended in May. 2014 was 110.354 (Aug. 2013 ) + 102.836 (Nov. 2013 ) + 78.746 (Feb. 2014 ) + 135.258 (May. 2014 ) = $427 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.

Adobe Systems Inc Annual Data

Nov04Nov05Nov06Nov07Nov08Nov09Nov10Nov11Nov12Nov13
ev2ebit 22.2019.7938.7325.6310.3425.2413.2810.9812.7663.18

Adobe Systems Inc Quarterly Data

Feb12May12Aug12Nov12Feb13May13Aug13Nov13Feb14May14
ev2ebit 13.7912.4212.2712.7617.6424.1733.9363.1878.9769.50
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