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BioTime Inc (AMEX:BTX)
EV/EBIT
-4.48 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its Earnings Before Interest and Taxes (EBIT). As of today, BioTime Inc's enterprise value is $311.07 Mil. BioTime Inc's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2016 was $-69.42 Mil. Therefore, BioTime Inc's EV/EBIT ratio for today is -4.48.

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). BioTime Inc's enterprise value for the quarter that ended in Sep. 2016 was $388.14 Mil. BioTime Inc's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2016 was $-69.42 Mil. BioTime Inc's Earnings Yield (Joel Greenblatt) for the quarter that ended in Sep. 2016 was -17.88%.


Definition

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

EV/EBIT=Enterprise Value (Today)/Earnings Before Interest and Taxes (EBIT) (TTM)
=311.066/-69.416
=-4.48

BioTime Inc's current Enterprise Value is $311.07 Mil.
BioTime Inc's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2016 was -21.7 (Dec. 2015 ) + -23.758 (Mar. 2016 ) + -14.403 (Jun. 2016 ) + -9.555 (Sep. 2016 ) = $-69.42 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).

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

Earnings Yield (Joel Greenblatt) (Q: Sep. 2016 )=EBIT (TTM)/Enterprise Value (Q: Sep. 2016 )
=-69.416/388.14
=-17.88 %

BioTime Inc's Enterprise Value for the quarter that ended in Sep. 2016 was $388.14 Mil.
BioTime Inc's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2016 was -21.7 (Dec. 2015 ) + -23.758 (Mar. 2016 ) + -14.403 (Jun. 2016 ) + -9.555 (Sep. 2016 ) = $-69.42 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.

BioTime Inc Annual Data

Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15
ev2ebit -2.77-7.74-12.05-38.35-32.75-13.58-6.14-3.77-5.33-5.32

BioTime Inc Quarterly Data

Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16
ev2ebit -3.22-3.39-5.33-7.36-5.28-4.21-5.32-3.86-3.20-5.59
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