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Altera Corp (NAS:ALTR)
EV/EBIT
37.07 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its Earnings Before Interest and Taxes (EBIT). As of today, Altera Corp's enterprise value is $15,715 Mil. Altera Corp's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2015 was $424 Mil. Therefore, Altera Corp's EV/EBIT ratio for today is 37.07.

ALTR' s EV/EBIT Range Over the Past 10 Years
Min: 7.6   Max: 37.4
Current: 37.07

7.6
37.4

During the past 13 years, the highest EV/EBIT Ratio of Altera Corp was 37.40. The lowest was 7.60. And the median was 16.50.

ALTR's EV/EBIT is ranked lower than
80% of the 780 Companies
in the Global Semiconductors industry.

( Industry Median: 13.57 vs. ALTR: 37.07 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). Altera Corp's enterprise value for the quarter that ended in Sep. 2015 was $14,540 Mil. Altera Corp's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2015 was $424 Mil. Altera Corp's Earnings Yield (Joel Greenblatt) for the quarter that ended in Sep. 2015 was 2.92%.


Definition

Altera Corp's EV/EBIT for today is calculated as:

EV/EBIT=Enterprise Value (Today)/Earnings Before Interest and Taxes (EBIT) (TTM)
=15715.297/423.99
=37.07

Altera Corp's current Enterprise Value is $15,715 Mil.
Altera Corp's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2015 was 126.582 (Dec. 2014 ) + 112.123 (Mar. 2015 ) + 96.289 (Jun. 2015 ) + 88.996 (Sep. 2015 ) = $424 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).

Altera Corp's Earnings Yield (Joel Greenblatt) for the quarter that ended in Sep. 2015 is calculated as:

Earnings Yield (Joel Greenblatt) (Q: Sep. 2015 )=EBIT (TTM)/Enterprise Value (Q: Sep. 2015 )
=423.99/14540.3458
=2.92 %

Altera Corp's Enterprise Value for the quarter that ended in Sep. 2015 was $14,540 Mil.
Altera Corp's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2015 was 126.582 (Dec. 2014 ) + 112.123 (Mar. 2015 ) + 96.289 (Jun. 2015 ) + 88.996 (Sep. 2015 ) = $424 Mil.

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


Related Terms

Enterprise Value, Earnings Yield (Joel Greenblatt), Earnings Before Interest and Taxes (EBIT)


Historical Data

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

Altera Corp Annual Data

Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14
ev2ebit 17.0619.0214.499.7818.2510.4410.5714.1218.0617.77

Altera Corp Quarterly Data

Jun13Sep13Dec13Mar14Jun14Sep14Dec14Mar15Jun15Sep15
ev2ebit 14.5718.4418.0619.5417.1917.0617.7722.3230.9934.29
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