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China Information Technology Inc (NAS:CNIT)
EV/EBIT
-2.18 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its EBIT. As of today, China Information Technology Inc's enterprise value is $244.03 Mil. China Information Technology Inc's operating income for the trailing twelve months (TTM) ended in Dec. 2013 was $-119.38 Mil. Therefore, China Information Technology Inc's EV/EBIT ratio for today is -2.18.

CNIT' s 10-Year EV/EBIT Range
Min: 2.1   Max: 143.1
Current: -2.18

2.1
143.1

During the past 9 years, the highest EV/EBIT Ratio of China Information Technology Inc was 143.10. The lowest was 2.10. And the median was 10.50.

CNIT's EV/EBITis ranked lower than
68% of the 1820 Companies
in the Global Information Technology Services industry.

( Industry Median: 33.52 vs. CNIT: -2.18 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). China Information Technology Inc's enterprise value for the quarter that ended in Dec. 2013 was $307.73 Mil. China Information Technology Inc's Operating Income for the trailing twelve months (TTM) ended in Dec. 2013 was $-119.38 Mil. China Information Technology Inc's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2013 was 0.00%.


Definition

China Information Technology Inc's EV/EBIT for today is calculated as:

EV/EBIT=Enterprise Value (Today)/Operating Income (TTM)
=244.033/-119.377
=

China Information Technology Inc's current Enterprise Value is $244.03 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. China Information Technology Inc's Operating Income for the trailing twelve months (TTM) ended in Dec. 2013 was $-119.38 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).

China Information 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 )
=-119.377/307.7281
= %

China Information Technology Inc's Enterprise Value for the quarter that ended in Dec. 2013 was $307.73 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. China Information Technology Inc's Operating Income for the trailing twelve months (TTM) ended in Dec. 2013 was $-119.38 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.

China Information Technology Inc Annual Data

Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13
ev2ebit 0.000.0078.6523.797.3810.177.3511.610.000.00

China Information Technology Inc Semi-Annual Data

Jun09Dec09Jun10Dec10Jun11Dec11Jun12Dec12Jun13Dec13
ev2ebit 5.6810.177.847.354.2411.610.000.000.000.00
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