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

EV/EBIT ratio is calculated as enterprise value divided by its EBIT. As of today, Clearfield Inc's enterprise value is $164.89 Mil. Clearfield Inc's operating income for the trailing twelve months (TTM) ended in Jun. 2014 was $10.66 Mil. Therefore, Clearfield Inc's EV/EBIT ratio for today is 15.11.

CLFD' s 10-Year EV/EBIT Range
Min: -6537.2   Max: 57.6
Current: 15.11

-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 11.70.

CLFD's EV/EBITis ranked higher than
82% of the 700 Companies
in the Global Communication Equipment industry.

( Industry Median: 64.37 vs. CLFD: 15.11 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). Clearfield Inc's enterprise value for the quarter that ended in Jun. 2014 was $206.30 Mil. Clearfield Inc's Operating Income for the trailing twelve months (TTM) ended in Jun. 2014 was $10.66 Mil. Clearfield Inc's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2014 was 5.17%.


Definition

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

EV/EBIT=Enterprise Value (Today)/Operating Income (TTM)
=164.894/10.66
=15.47

Clearfield Inc's current Enterprise Value is $164.89 Mil.
Clearfield Inc's Operating Income for the trailing twelve months (TTM) ended in Jun. 2014 was 3.813 (Sep. 2013 ) + 3.073 (Dec. 2013 ) + 1.916 (Mar. 2014 ) + 1.858 (Jun. 2014 ) = $10.66 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 Jun. 2014 is calculated as:

Earnings Yield (Joel Greenblatt) (Q: Jun. 2014 )=Operating Income (TTM)/Enterprise Value (Q: Jun. 2014 )
=10.66/206.3032
=5.17 %

Clearfield Inc's Enterprise Value for the quarter that ended in Jun. 2014 was $206.30 Mil.
Clearfield Inc's Operating Income for the trailing twelve months (TTM) ended in Jun. 2014 was 3.813 (Sep. 2013 ) + 3.073 (Dec. 2013 ) + 1.916 (Mar. 2014 ) + 1.858 (Jun. 2014 ) = $10.66 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.

Clearfield Inc Annual Data

Mar05Mar06Mar07Sep07Sep08Sep09Sep10Sep11Sep12Sep13
ev2ebit -2.10-11.00-5.650.009.5738.3625.0615.9511.8821.28

Clearfield Inc Quarterly Data

Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14Jun14
ev2ebit 14.5611.0711.8810.0412.5421.5221.2825.1126.2719.35
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