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Advent Software, Inc. (NAS:ADVS)
EV/EBIT
37.00 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its EBIT. As of today, Advent Software, Inc.'s enterprise value is $1,711.6 Mil. Advent Software, Inc.'s operating income for the trailing twelve months (TTM) ended in Dec. 2013 was $46.1 Mil. Therefore, Advent Software, Inc.'s EV/EBIT ratio for today is 37.00.

ADVS' s 10-Year EV/EBIT Range
Min: 20.7   Max: 969.3
Current: 37

20.7
969.3

During the past 13 years, the highest EV/EBIT Ratio of Advent Software, Inc. was 969.30. The lowest was 20.70. And the median was 40.35.

ADVS's EV/EBITis ranked lower than
62% of the 1278 Companies
in the Global Software - Application industry.

( Industry Median: 17.39 vs. ADVS: 37.00 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). Advent Software, Inc.'s enterprise value for the quarter that ended in Dec. 2013 was $2,054.8 Mil. Advent Software, Inc.'s Operating Income for the trailing twelve months (TTM) ended in Dec. 2013 was $46.1 Mil. Advent Software, Inc.'s Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2013 was 2.25%.


Definition

Advent Software, Inc.'s EV/EBIT for today is calculated as:

EV/EBIT=Enterprise Value (Today)/Operating Income (TTM)
=1711.576/46.132
=37.10

Advent Software, Inc.'s current Enterprise Value is $1,711.6 Mil.
Advent Software, Inc.'s Operating Income for the trailing twelve months (TTM) ended in Dec. 2013 was 16.213 (Mar. 2013 ) + -5.849 (Jun. 2013 ) + 17.371 (Sep. 2013 ) + 18.397 (Dec. 2013 ) = $46.1 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).

Advent Software, Inc.'s Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2013 is calculated as:

Earnings Yield (Joel Greenblatt) (Q: Dec. 2013 )=Operating Income (TTM)/Enterprise Value (Q: Dec. 2013 )
=46.132/2054.77256
=2.25 %

Advent Software, Inc.'s Enterprise Value for the quarter that ended in Dec. 2013 was $2,054.8 Mil.
Advent Software, Inc.'s Operating Income for the trailing twelve months (TTM) ended in Dec. 2013 was 16.213 (Mar. 2013 ) + -5.849 (Jun. 2013 ) + 17.371 (Sep. 2013 ) + 18.397 (Dec. 2013 ) = $46.1 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.

Advent Software, Inc. Annual Data

Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13
ev2ebit 0.00115.500.00111.4328.4634.5937.2727.1820.4244.54

Advent Software, Inc. Quarterly Data

Sep11Dec11Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13
ev2ebit 22.6727.1828.1228.9824.3920.4225.1046.5748.6844.54
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