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Danaher Corp (NYSE:DHR)
EV/EBIT
15.40 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its EBIT. As of today, Danaher Corp's enterprise value is $51,472 Mil. Danaher Corp's operating income for the trailing twelve months (TTM) ended in Mar. 2014 was $3,333 Mil. Therefore, Danaher Corp's EV/EBIT ratio for today is 15.40.

DHR' s 10-Year EV/EBIT Range
Min: 10.2   Max: 19.2
Current: 15.4

10.2
19.2

During the past 13 years, the highest EV/EBIT Ratio of Danaher Corp was 19.20. The lowest was 10.20. And the median was 16.10.

DHR's EV/EBITis ranked higher than
57% of the 1645 Companies
in the Global Diversified Industrials industry.

( Industry Median: 14.87 vs. DHR: 15.40 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). Danaher Corp's enterprise value for the quarter that ended in Mar. 2014 was $58,373 Mil. Danaher Corp's Operating Income for the trailing twelve months (TTM) ended in Mar. 2014 was $3,333 Mil. Danaher Corp's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2014 was 5.71%.


Definition

Danaher Corp's EV/EBIT for today is calculated as:

EV/EBIT=Enterprise Value (Today)/Operating Income (TTM)
=51472.179/3332.9
=15.44

Danaher Corp's current Enterprise Value is $51,472 Mil.
Danaher Corp's Operating Income for the trailing twelve months (TTM) ended in Mar. 2014 was 843.6 (Jun. 2013 ) + 812.4 (Sep. 2013 ) + 888 (Dec. 2013 ) + 788.9 (Mar. 2014 ) = $3,333 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).

Danaher Corp's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2014 is calculated as:

Earnings Yield (Joel Greenblatt) (Q: Mar. 2014 )=Operating Income (TTM)/Enterprise Value (Q: Mar. 2014 )
=3332.9/58372.838
=5.71 %

Danaher Corp's Enterprise Value for the quarter that ended in Mar. 2014 was $58,373 Mil.
Danaher Corp's Operating Income for the trailing twelve months (TTM) ended in Mar. 2014 was 843.6 (Jun. 2013 ) + 812.4 (Sep. 2013 ) + 888 (Dec. 2013 ) + 788.9 (Mar. 2014 ) = $3,333 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.

Danaher Corp Annual Data

Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13
ev2ebit 16.7014.3616.2018.0010.8716.5215.7214.2113.3216.57

Danaher Corp Quarterly Data

Dec11Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14
ev2ebit 14.2116.9514.8014.8713.3216.0916.1117.2216.5717.51
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