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Clearfield Inc (NAS:CLFD)
EV/EBIT
34.01 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its Earnings Before Interest and Taxes (EBIT). As of today, Clearfield Inc's enterprise value is $190.82 Mil. Clearfield Inc's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2015 was $5.61 Mil. Therefore, Clearfield Inc's EV/EBIT ratio for today is 34.01.

CLFD' s 10-Year EV/EBIT Range
Min: -6537.2   Max: 57.6
Current: 34.77

-6537.2
57.6

During the past 13 years, the highest EV/EBIT Ratio of Clearfield Inc was 57.60. The lowest was -6537.20. And the median was 14.20.

CLFD's EV/EBITis ranked lower than
71% of the 327 Companies
in the Global Communication Equipment industry.

( Industry Median: 16.59 vs. CLFD: 34.77 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). Clearfield Inc's enterprise value for the quarter that ended in Mar. 2015 was $178.41 Mil. Clearfield Inc's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2015 was $5.61 Mil. Clearfield Inc's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2015 was 3.14%.


Definition

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

EV/EBIT=Enterprise Value (Today)/Earnings Before Interest and Taxes (EBIT) (TTM)
=190.823/5.611
=34.01

Clearfield Inc's current Enterprise Value is $190.82 Mil.
Clearfield Inc's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2015 was 1.858 (Jun. 2014 ) + 1.672 (Sep. 2014 ) + 1.617 (Dec. 2014 ) + 0.464 (Mar. 2015 ) = $5.61 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).

Clearfield Inc's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2015 is calculated as:

Earnings Yield (Joel Greenblatt) (Q: Mar. 2015 )=EBIT (TTM)/Enterprise Value (Q: Mar. 2015 )
=5.611/178.4114
=3.14 %

Clearfield Inc's Enterprise Value for the quarter that ended in Mar. 2015 was $178.41 Mil.
Clearfield Inc's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2015 was 1.858 (Jun. 2014 ) + 1.672 (Sep. 2014 ) + 1.617 (Dec. 2014 ) + 0.464 (Mar. 2015 ) = $5.61 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their own 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 own currency.

Clearfield Inc Annual Data

Mar05Mar06Mar07Sep08Sep09Sep10Sep11Sep12Sep13Sep14
ev2ebit -2.27-17.15-8.137.2132.7621.6015.9511.8821.2817.62

Clearfield Inc Quarterly Data

Dec12Mar13Jun13Sep13Dec13Mar14Jun14Sep14Dec14Mar15
ev2ebit 10.0412.5421.5221.2825.1126.2718.8017.6220.5631.80
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