Switch to:
Cyberonics Inc (NAS:CYBX)
EV/EBIT
14.09 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its EBIT. As of today, Cyberonics Inc's enterprise value is $1,307.4 Mil. Cyberonics Inc's operating income for the trailing twelve months (TTM) ended in Oct. 2014 was $92.8 Mil. Therefore, Cyberonics Inc's EV/EBIT ratio for today is 14.09.

CYBX' s 10-Year EV/EBIT Range
Min: -111   Max: 309.6
Current: 14.01

-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 15.80.

CYBX's EV/EBITis ranked higher than
93% of the 511 Companies
in the Global Medical Devices industry.

( Industry Median: 64.69 vs. CYBX: 14.01 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). Cyberonics Inc's enterprise value for the quarter that ended in Oct. 2014 was $1,246.2 Mil. Cyberonics Inc's Operating Income for the trailing twelve months (TTM) ended in Oct. 2014 was $92.8 Mil. Cyberonics Inc's Earnings Yield (Joel Greenblatt) for the quarter that ended in Oct. 2014 was 7.45%.


Definition

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

EV/EBIT=Enterprise Value (Today)/Operating Income (TTM)
=1307.385/92.785
=14.09

Cyberonics Inc's current Enterprise Value is $1,307.4 Mil.
Cyberonics Inc's Operating Income for the trailing twelve months (TTM) ended in Oct. 2014 was 21.102 (Jan. 2014 ) + 23.418 (Apr. 2014 ) + 22.003 (Jul. 2014 ) + 26.262 (Oct. 2014 ) = $92.8 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 Oct. 2014 is calculated as:

Earnings Yield (Joel Greenblatt) (Q: Oct. 2014 )=Operating Income (TTM)/Enterprise Value (Q: Oct. 2014 )
=92.785/1246.185
=7.45 %

Cyberonics Inc's Enterprise Value for the quarter that ended in Oct. 2014 was $1,246.2 Mil.
Cyberonics Inc's Operating Income for the trailing twelve months (TTM) ended in Oct. 2014 was 21.102 (Jan. 2014 ) + 23.418 (Apr. 2014 ) + 22.003 (Jul. 2014 ) + 26.262 (Oct. 2014 ) = $92.8 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.

Cyberonics Inc Annual Data

Apr05Apr06Apr07Apr08Apr09Apr10Apr11Apr12Apr13Apr14
ev2ebit -45.37-10.45-12.70-56.7218.8613.4918.7915.7213.4918.17

Cyberonics Inc Quarterly Data

Jul12Oct12Jan13Apr13Jul13Oct13Jan14Apr14Jul14Oct14
ev2ebit 16.3716.2014.1013.4917.3518.8721.7918.1716.4413.43
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
Free 7-day Trial
FEEDBACK