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Bioanalytical Systems, Inc. (NAS:BASI)
EV/EBIT
27.80 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its EBIT. As of today, Bioanalytical Systems, Inc.'s enterprise value is $27.02 Mil. Bioanalytical Systems, Inc.'s operating income for the trailing twelve months (TTM) ended in Dec. 2013 was $0.99 Mil. Therefore, Bioanalytical Systems, Inc.'s EV/EBIT ratio for today is 27.80.

BASI' s 10-Year EV/EBIT Range
Min: 10.3   Max: 213.2
Current: 27.8

10.3
213.2

During the past 13 years, the highest EV/EBIT Ratio of Bioanalytical Systems, Inc. was 213.20. The lowest was 10.30. And the median was 31.35.

BASI's EV/EBITis ranked lower than
57% of the 122 Companies
in the Global Diagnostics & Research industry.

( Industry Median: 21.08 vs. BASI: 27.80 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). Bioanalytical Systems, Inc.'s enterprise value for the quarter that ended in Dec. 2013 was $26.98 Mil. Bioanalytical Systems, Inc.'s Operating Income for the trailing twelve months (TTM) ended in Dec. 2013 was $0.99 Mil. Bioanalytical Systems, Inc.'s Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2013 was 3.67%.


Definition

Bioanalytical Systems, Inc.'s EV/EBIT for today is calculated as:

EV/EBIT=Enterprise Value (Today)/Operating Income (TTM)
=27.020/0.989
=27.32

Bioanalytical Systems, Inc.'s current Enterprise Value is $27.02 Mil.
Bioanalytical Systems, Inc.'s Operating Income for the trailing twelve months (TTM) ended in Dec. 2013 was -0.009 (Mar. 2013 ) + 0.438 (Jun. 2013 ) + 0.098 (Sep. 2013 ) + 0.462 (Dec. 2013 ) = $0.99 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).

Bioanalytical Systems, 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 )
=0.989/26.9773
=3.67 %

Bioanalytical Systems, Inc.'s Enterprise Value for the quarter that ended in Dec. 2013 was $26.98 Mil.
Bioanalytical Systems, Inc.'s Operating Income for the trailing twelve months (TTM) ended in Dec. 2013 was -0.009 (Mar. 2013 ) + 0.438 (Jun. 2013 ) + 0.098 (Sep. 2013 ) + 0.462 (Dec. 2013 ) = $0.99 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.

Bioanalytical Systems, Inc. Annual Data

Sep04Sep05Sep06Sep07Sep08Sep09Sep10Sep11Sep12Sep13
ev2ebit 193.8331.870.0021.4741.350.000.0012.770.0021.19

Bioanalytical Systems, Inc. Quarterly Data

Sep11Dec11Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13
ev2ebit 12.770.000.000.000.000.000.000.0021.1927.28
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