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Cyberonics Inc (NAS:CYBX)
EV/EBIT
16.51 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its Earnings Before Interest and Taxes (EBIT). As of today, Cyberonics Inc's enterprise value is $1,464.0 Mil. Cyberonics Inc's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Apr. 2015 was $88.7 Mil. Therefore, Cyberonics Inc's EV/EBIT ratio for today is 16.51.

CYBX' s 10-Year EV/EBIT Range
Min: -111   Max: 309.6
Current: 16.51

-111
309.6

During the past 13 years, the highest EV/EBIT Ratio of Cyberonics Inc was 309.60. The lowest was -111.00. And the median was 15.50.

CYBX's EV/EBITis ranked higher than
65% of the 162 Companies
in the Global Medical Devices industry.

( Industry Median: 21.84 vs. CYBX: 16.51 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). Cyberonics Inc's enterprise value for the quarter that ended in Apr. 2015 was $1,432.5 Mil. Cyberonics Inc's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Apr. 2015 was $88.7 Mil. Cyberonics Inc's Earnings Yield (Joel Greenblatt) for the quarter that ended in Apr. 2015 was 6.19%.


Definition

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

EV/EBIT=Enterprise Value (Today)/Earnings Before Interest and Taxes (EBIT) (TTM)
=1464.003/88.651
=16.51

Cyberonics Inc's current Enterprise Value is $1,464.0 Mil.
Cyberonics Inc's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Apr. 2015 was 22.003 (Jul. 2014 ) + 26.262 (Oct. 2014 ) + 23.666 (Jan. 2015 ) + 16.72 (Apr. 2015 ) = $88.7 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).

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

Earnings Yield (Joel Greenblatt) (Q: Apr. 2015 )=EBIT (TTM)/Enterprise Value (Q: Apr. 2015 )
=88.651/1432.453
=6.19 %

Cyberonics Inc's Enterprise Value for the quarter that ended in Apr. 2015 was $1,432.5 Mil.
Cyberonics Inc's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Apr. 2015 was 22.003 (Jul. 2014 ) + 26.262 (Oct. 2014 ) + 23.666 (Jan. 2015 ) + 16.72 (Apr. 2015 ) = $88.7 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.

Cyberonics Inc Annual Data

Apr06Apr07Apr08Apr09Apr10Apr11Apr12Apr13Apr14Apr15
ev2ebit -11.06-13.91-97.6211.6112.4618.8415.7714.0218.1716.16

Cyberonics Inc Quarterly Data

Jan13Apr13Jul13Oct13Jan14Apr14Jul14Oct14Jan15Apr15
ev2ebit 14.6514.0217.1118.9221.8118.1716.4413.4313.7316.16
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