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GuruFocus has detected 4 Warning Signs with Citrix Systems Inc $CTXS.
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Citrix Systems Inc (NAS:CTXS)
EV-to-EBIT
19.05 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its Earnings Before Interest and Taxes (EBIT). As of today, Citrix Systems Inc's enterprise value is $12,605 Mil. Citrix Systems Inc's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2016 was $662 Mil. Therefore, Citrix Systems Inc's EV/EBIT ratio for today is 19.05.

CTXS' s EV-to-EBIT Range Over the Past 10 Years
Min: 12.6   Max: 37.2
Current: 19.05

12.6
37.2

During the past 13 years, the highest EV/EBIT Ratio of Citrix Systems Inc was 37.20. The lowest was 12.60. And the median was 23.25.

CTXS's EV-to-EBIT is ranked lower than
57% of the 1621 Companies
in the Global Software - Infrastructure industry.

( Industry Median: 16.27 vs. CTXS: 19.05 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). Citrix Systems Inc's enterprise value for the quarter that ended in Dec. 2016 was $10,757 Mil. Citrix Systems Inc's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2016 was $662 Mil. Citrix Systems Inc's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2016 was 6.15%.


Definition

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

EV/EBIT=Enterprise Value (Today)/Earnings Before Interest and Taxes (EBIT) (TTM)
=12605.417/661.713
=19.05

Citrix Systems Inc's current Enterprise Value is $12,605 Mil.
Citrix Systems Inc's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2016 was 113.702 (Mar. 2016 ) + 156.979 (Jun. 2016 ) + 158.514 (Sep. 2016 ) + 232.518 (Dec. 2016 ) = $662 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).

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

Earnings Yield (Joel Greenblatt) (Q: Dec. 2016 )=EBIT (TTM)/Enterprise Value (Q: Dec. 2016 )
=661.713/10756.7134
=6.15 %

Citrix Systems Inc's Enterprise Value for the quarter that ended in Dec. 2016 was $10,757 Mil.
Citrix Systems Inc's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2016 was 113.702 (Mar. 2016 ) + 156.979 (Jun. 2016 ) + 158.514 (Sep. 2016 ) + 232.518 (Dec. 2016 ) = $662 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.

Citrix Systems Inc Annual Data

Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
ev2ebit 20.2314.3628.0629.0919.7721.4621.9728.5327.2616.26

Citrix Systems Inc Quarterly Data

Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16
ev2ebit 28.2828.5330.3427.1525.3727.2623.2521.5418.5416.26
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