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GuruFocus has detected 1 Warning Sign with Astec Industries Inc $ASTE.
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Astec Industries Inc (NAS:ASTE)
EV-to-EBIT
15.70 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its Earnings Before Interest and Taxes (EBIT). As of today, Astec Industries Inc's enterprise value is $1,389 Mil. Astec Industries Inc's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2016 was $88 Mil. Therefore, Astec Industries Inc's EV/EBIT ratio for today is 15.70.

ASTE' s EV-to-EBIT Range Over the Past 10 Years
Min: 4.1   Max: 57.9
Current: 16.73

4.1
57.9

During the past 13 years, the highest EV/EBIT Ratio of Astec Industries Inc was 57.90. The lowest was 4.10. And the median was 13.50.

ASTE's EV-to-EBIT is ranked higher than
67% of the 156 Companies
in the Global Farm & Construction Equipment industry.

( Industry Median: 21.73 vs. ASTE: 16.73 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). Astec Industries Inc's enterprise value for the quarter that ended in Dec. 2016 was $1,483 Mil. Astec Industries Inc's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2016 was $88 Mil. Astec Industries Inc's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2016 was 5.97%.


Definition

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

EV/EBIT=Enterprise Value (Today)/Earnings Before Interest and Taxes (EBIT) (TTM)
=1388.869/88.49
=15.70

Astec Industries Inc's current Enterprise Value is $1,389 Mil.
Astec Industries Inc's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2016 was 28.694 (Mar. 2016 ) + 28.767 (Jun. 2016 ) + 11.944 (Sep. 2016 ) + 19.085 (Dec. 2016 ) = $88 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's 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).

Astec Industries Inc's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2016 is calculated as:

Earnings Yield (Joel Greenblatt) (Q: Dec. 2016 )=EBIT (TTM)/Enterprise Value (Q: Dec. 2016 )
=88.49/1483.1804
=5.97 %

Astec Industries Inc's Enterprise Value for the quarter that ended in Dec. 2016 was $1,483 Mil.
Astec Industries Inc's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2016 was 28.694 (Mar. 2016 ) + 28.767 (Jun. 2016 ) + 11.944 (Sep. 2016 ) + 19.085 (Dec. 2016 ) = $88 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's 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 local exchange's currency.

Astec Industries Inc Annual Data

Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
ev2ebit 8.917.0448.1712.5911.1812.7514.2316.5917.1816.76

Astec Industries Inc Quarterly Data

Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16Mar17
ev2ebit 16.5915.3415.7612.7117.1817.5718.2117.7516.760.00
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