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Flex Ltd (NAS:FLEX)
EV/EBIT
19.27 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its Earnings Before Interest and Taxes (EBIT). As of today, Flex Ltd's enterprise value is $9,258 Mil. Flex Ltd's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2016 was $481 Mil. Therefore, Flex Ltd's EV/EBIT ratio for today is 19.27.

FLEX' s EV/EBIT Range Over the Past 10 Years
Min: -36.7   Max: 60.9
Current: 18.87

-36.7
60.9

During the past 13 years, the highest EV/EBIT Ratio of Flex Ltd was 60.90. The lowest was -36.70. And the median was 11.95.

FLEX's EV/EBIT is ranked lower than
60% of the 1611 Companies
in the Global Contract Manufacturers industry.

( Industry Median: 14.52 vs. FLEX: 18.87 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). Flex Ltd's enterprise value for the quarter that ended in Sep. 2016 was $8,612 Mil. Flex Ltd's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2016 was $481 Mil. Flex Ltd's Earnings Yield (Joel Greenblatt) for the quarter that ended in Sep. 2016 was 5.58%.


Definition

Flex Ltd's EV/EBIT for today is calculated as:

EV/EBIT=Enterprise Value (Today)/Earnings Before Interest and Taxes (EBIT) (TTM)
=9257.706/480.541
=19.27

Flex Ltd's current Enterprise Value is $9,258 Mil.
Flex Ltd's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2016 was 192.531 (Dec. 2015 ) + 95.397 (Mar. 2016 ) + 144.851 (Jun. 2016 ) + 47.762 (Sep. 2016 ) = $481 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).

Flex Ltd's Earnings Yield (Joel Greenblatt) for the quarter that ended in Sep. 2016 is calculated as:

Earnings Yield (Joel Greenblatt) (Q: Sep. 2016 )=EBIT (TTM)/Enterprise Value (Q: Sep. 2016 )
=480.541/8612.0334
=5.58 %

Flex Ltd's Enterprise Value for the quarter that ended in Sep. 2016 was $8,612 Mil.
Flex Ltd's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2016 was 192.531 (Dec. 2015 ) + 95.397 (Mar. 2016 ) + 144.851 (Jun. 2016 ) + 47.762 (Sep. 2016 ) = $481 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.

Flex Ltd Annual Data

Mar07Mar08Mar09Mar10Mar11Mar12Mar13Mar14Mar15Mar16
ev2ebit 17.9060.39-0.5948.318.659.7013.6511.2111.3913.24

Flex Ltd Quarterly Data

Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16
ev2ebit 11.8010.2810.3411.3910.6410.8011.4113.2412.6717.92
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