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Aspen Technology Inc (NAS:AZPN)
EV/EBIT
18.45 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its EBIT. As of today, Aspen Technology Inc's enterprise value is $2,758.1 Mil. Aspen Technology Inc's operating income for the trailing twelve months (TTM) ended in Sep. 2014 was $149.5 Mil. Therefore, Aspen Technology Inc's EV/EBIT ratio for today is 18.45.

AZPN' s 10-Year EV/EBIT Range
Min: -141.7   Max: 1163.5
Current: 18.45

-141.7
1163.5

During the past 13 years, the highest EV/EBIT Ratio of Aspen Technology Inc was 1163.50. The lowest was -141.70. And the median was 16.55.

AZPN's EV/EBITis ranked higher than
78% of the 2271 Companies
in the Global Software - Application industry.

( Industry Median: 34.56 vs. AZPN: 18.45 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). Aspen Technology Inc's enterprise value for the quarter that ended in Sep. 2014 was $3,202.8 Mil. Aspen Technology Inc's Operating Income for the trailing twelve months (TTM) ended in Sep. 2014 was $149.5 Mil. Aspen Technology Inc's Earnings Yield (Joel Greenblatt) for the quarter that ended in Sep. 2014 was 4.67%.


Definition

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

EV/EBIT=Enterprise Value (Today)/Operating Income (TTM)
=2758.065/149.509
=18.45

Aspen Technology Inc's current Enterprise Value is $2,758.1 Mil.
Aspen Technology Inc's Operating Income for the trailing twelve months (TTM) ended in Sep. 2014 was 36.112 (Dec. 2013 ) + 31.402 (Mar. 2014 ) + 37.361 (Jun. 2014 ) + 44.634 (Sep. 2014 ) = $149.5 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).

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

Earnings Yield (Joel Greenblatt) (Q: Sep. 2014 )=Operating Income (TTM)/Enterprise Value (Q: Sep. 2014 )
=149.509/3202.8357
=4.67 %

Aspen Technology Inc's Enterprise Value for the quarter that ended in Sep. 2014 was $3,202.8 Mil.
Aspen Technology Inc's Operating Income for the trailing twelve months (TTM) ended in Sep. 2014 was 36.112 (Dec. 2013 ) + 31.402 (Mar. 2014 ) + 37.361 (Jun. 2014 ) + 44.634 (Sep. 2014 ) = $149.5 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.

Aspen Technology Inc Annual Data

Jun05Jun06Jun07Jun08Jun09Jun10Jun11Jun12Jun13Jun14
ev2ebit -2.2722.7923.5164.9317.26-8.76-27.37-133.8945.1030.58

Aspen Technology Inc Quarterly Data

Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14Jun14Sep14
ev2ebit -133.89236.03138.1778.1945.1042.3239.4133.8830.5821.42
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