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Altera Corp (NAS:ALTR)
EV/EBIT
26.92 (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 $14,554 Mil. Altera Corp's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2015 was $541 Mil. Therefore, Altera Corp's EV/EBIT ratio for today is 26.92.

ALTR' s 10-Year EV/EBIT Range
Min: 8   Max: 28.8
Current: 26.94

8
28.8

During the past 13 years, the highest EV/EBIT Ratio of Altera Corp was 28.80. The lowest was 8.00. And the median was 17.50.

ALTR's EV/EBITis ranked lower than
71% of the 559 Companies
in the Global Semiconductors industry.

( Industry Median: 15.54 vs. ALTR: 26.94 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). Altera Corp's enterprise value for the quarter that ended in Mar. 2015 was $12,034 Mil. Altera Corp's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2015 was $541 Mil. Altera Corp's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2015 was 4.49%.


Definition

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

EV/EBIT=Enterprise Value (Today)/Earnings Before Interest and Taxes (EBIT) (TTM)
=14553.970/540.629
=26.92

Altera Corp's current Enterprise Value is $14,554 Mil.
Altera Corp's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2015 was 154.429 (Jun. 2014 ) + 145.158 (Sep. 2014 ) + 128.919 (Dec. 2014 ) + 112.123 (Mar. 2015 ) = $541 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 Mar. 2015 is calculated as:

Earnings Yield (Joel Greenblatt) (Q: Mar. 2015 )=EBIT (TTM)/Enterprise Value (Q: Mar. 2015 )
=540.629/12033.9002
=4.49 %

Altera Corp's Enterprise Value for the quarter that ended in Mar. 2015 was $12,034 Mil.
Altera Corp's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2015 was 154.429 (Jun. 2014 ) + 145.158 (Sep. 2014 ) + 128.919 (Dec. 2014 ) + 112.123 (Mar. 2015 ) = $541 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 17.2419.1214.499.7818.2510.4410.5714.1218.0817.88

Altera Corp Quarterly Data

Dec12Mar13Jun13Sep13Dec13Mar14Jun14Sep14Dec14Mar15
ev2ebit 14.1214.5314.5718.4318.0819.5617.2117.1117.8822.26
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