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Cardiovascular Systems, Inc. (NAS:CSII)
EV/EBIT
5.20 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its EBIT. As of today, Cardiovascular Systems, Inc.'s enterprise value is $640.8 Mil. Cardiovascular Systems, Inc.'s operating income for the trailing twelve months (TTM) ended in Dec. 2013 was $-26.4 Mil. Therefore, Cardiovascular Systems, Inc.'s EV/EBIT ratio for today is 5.20.

CSII' s 10-Year EV/EBIT Range
Min: 0.4   Max: 4.9
Current: 5.2

0.4
4.9

During the past 12 years, the highest EV/EBIT Ratio of Cardiovascular Systems, Inc. was 4.90. The lowest was 0.40. And the median was 3.00.

CSII's EV/EBITis ranked higher than
95% of the 293 Companies
in the Global Medical Devices industry.

( Industry Median: 20.91 vs. CSII: 5.20 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). Cardiovascular Systems, Inc.'s enterprise value for the quarter that ended in Dec. 2013 was $840.5 Mil. Cardiovascular Systems, Inc.'s Operating Income for the trailing twelve months (TTM) ended in Dec. 2013 was $-26.4 Mil. Cardiovascular Systems, Inc.'s Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2013 was 0.00%.


Definition

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

EV/EBIT=Enterprise Value (Today)/Operating Income (TTM)
=640.833/-26.433
=

Cardiovascular Systems, Inc.'s current Enterprise Value is $640.8 Mil.
Cardiovascular Systems, Inc.'s Operating Income for the trailing twelve months (TTM) ended in Dec. 2013 was -5.41 (Mar. 2013 ) + -6.681 (Jun. 2013 ) + -6.847 (Sep. 2013 ) + -7.495 (Dec. 2013 ) = $-26.4 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).

Cardiovascular 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 )
=-26.433/840.4516
= %

Cardiovascular Systems, Inc.'s Enterprise Value for the quarter that ended in Dec. 2013 was $840.5 Mil.
Cardiovascular Systems, Inc.'s Operating Income for the trailing twelve months (TTM) ended in Dec. 2013 was -5.41 (Mar. 2013 ) + -6.681 (Jun. 2013 ) + -6.847 (Sep. 2013 ) + -7.495 (Dec. 2013 ) = $-26.4 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.

Cardiovascular Systems, Inc. Annual Data

Dec04Dec05Dec06Dec07Dec08Jun09Jun10Jun11Jun12Jun13
ev2ebit 0.000.000.00-2.790.004.780.000.000.000.00

Cardiovascular Systems, Inc. Quarterly Data

Sep11Dec11Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13
ev2ebit 0.000.000.000.000.000.000.000.000.000.00
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