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Aspen Technology, Inc. (NAS:AZPN)
EV/EBIT
37.90 (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 $3,512.1 Mil. Aspen Technology, Inc.'s operating income for the trailing twelve months (TTM) ended in Dec. 2013 was $92.7 Mil. Therefore, Aspen Technology, Inc.'s EV/EBIT ratio for today is 37.90.

AZPN' s 10-Year EV/EBIT Range
Min: 8.6   Max: 1163.5
Current: 37.9

8.6
1163.5

During the past 13 years, the highest EV/EBIT Ratio of Aspen Technology, Inc. was 1163.50. The lowest was 8.60. And the median was 30.30.

AZPN's EV/EBITis ranked lower than
63% of the 1286 Companies
in the Global Software - Application industry.

( Industry Median: 17.42 vs. AZPN: 37.90 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). Aspen Technology, Inc.'s enterprise value for the quarter that ended in Dec. 2013 was $3,652.9 Mil. Aspen Technology, Inc.'s Operating Income for the trailing twelve months (TTM) ended in Dec. 2013 was $92.7 Mil. Aspen Technology, Inc.'s Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2013 was 2.54%.


Definition

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

EV/EBIT=Enterprise Value (Today)/Operating Income (TTM)
=3512.070/92.678
=37.90

Aspen Technology, Inc.'s current Enterprise Value is $3,512.1 Mil.
Aspen Technology, Inc.'s Operating Income for the trailing twelve months (TTM) ended in Dec. 2013 was 16.334 (Mar. 2013 ) + 15.383 (Jun. 2013 ) + 24.849 (Sep. 2013 ) + 36.112 (Dec. 2013 ) = $92.7 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 Dec. 2013 is calculated as:

Earnings Yield (Joel Greenblatt) (Q: Dec. 2013 )=Operating Income (TTM)/Enterprise Value (Q: Dec. 2013 )
=92.678/3652.866
=2.54 %

Aspen Technology, Inc.'s Enterprise Value for the quarter that ended in Dec. 2013 was $3,652.9 Mil.
Aspen Technology, Inc.'s Operating Income for the trailing twelve months (TTM) ended in Dec. 2013 was 16.334 (Mar. 2013 ) + 15.383 (Jun. 2013 ) + 24.849 (Sep. 2013 ) + 36.112 (Dec. 2013 ) = $92.7 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

Jun04Jun05Jun06Jun07Jun08Jun09Jun10Jun11Jun12Jun13
ev2ebit 0.000.0022.7923.5164.9317.270.000.000.0045.10

Aspen Technology, Inc. Quarterly Data

Sep11Dec11Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13
ev2ebit 0.000.000.000.00236.03138.1778.1945.1042.3239.41
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