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Adtran Inc (NAS:ADTN)
EV/EBIT
24.88 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its EBIT. As of today, Adtran Inc's enterprise value is $1,205.9 Mil. Adtran Inc's operating income for the trailing twelve months (TTM) ended in Mar. 2014 was $53.2 Mil. Therefore, Adtran Inc's EV/EBIT ratio for today is 24.88.

ADTN' s 10-Year EV/EBIT Range
Min: 6.3   Max: 45.2
Current: 24.88

6.3
45.2

During the past 13 years, the highest EV/EBIT Ratio of Adtran Inc was 45.20. The lowest was 6.30. And the median was 14.30.

ADTN's EV/EBITis ranked higher than
51% of the 485 Companies
in the Global Communication Equipment industry.

( Industry Median: 19.61 vs. ADTN: 24.88 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). Adtran Inc's enterprise value for the quarter that ended in Mar. 2014 was $0.0 Mil. Adtran Inc's Operating Income for the trailing twelve months (TTM) ended in Mar. 2014 was $53.2 Mil. Adtran Inc's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2014 was 0.00%.


Definition

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

EV/EBIT=Enterprise Value (Today)/Operating Income (TTM)
=1205.898/53.2
=22.67

Adtran Inc's current Enterprise Value is $1,205.9 Mil.
Adtran Inc's Operating Income for the trailing twelve months (TTM) ended in Mar. 2014 was 14.053 (Jun. 2013 ) + 17.21 (Sep. 2013 ) + 10.639 (Dec. 2013 ) + 11.298 (Mar. 2014 ) = $53.2 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).

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

Earnings Yield (Joel Greenblatt) (Q: Mar. 2014 )=Operating Income (TTM)/Enterprise Value (Q: Mar. 2014 )
=53.2/0
= %

Adtran Inc's Enterprise Value for the quarter that ended in Mar. 2014 was $0.0 Mil.
Adtran Inc's Operating Income for the trailing twelve months (TTM) ended in Mar. 2014 was 14.053 (Jun. 2013 ) + 17.21 (Sep. 2013 ) + 10.639 (Dec. 2013 ) + 11.298 (Mar. 2014 ) = $53.2 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.

Adtran Inc Annual Data

Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13
ev2ebit 13.0614.1714.3812.517.3512.0413.919.3318.4229.72

Adtran Inc Quarterly Data

Dec11Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14
ev2ebit 9.3311.5312.999.5118.4221.5538.1534.2129.720.00
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