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Finisar Corp (NAS:FNSR)
EV/EBIT
26.99 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its EBIT. As of today, Finisar Corp's enterprise value is $1,817 Mil. Finisar Corp's operating income for the trailing twelve months (TTM) ended in Oct. 2014 was $67 Mil. Therefore, Finisar Corp's EV/EBIT ratio for today is 26.99.

FNSR' s 10-Year EV/EBIT Range
Min: -831.2   Max: 206.3
Current: 26.99

-831.2
206.3

During the past 13 years, the highest EV/EBIT Ratio of Finisar Corp was 206.30. The lowest was -831.20. And the median was -1.30.

FNSR's EV/EBITis ranked higher than
76% of the 758 Companies
in the Global Communication Equipment industry.

( Industry Median: 60.67 vs. FNSR: 26.99 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). Finisar Corp's enterprise value for the quarter that ended in Oct. 2014 was $1,412 Mil. Finisar Corp's Operating Income for the trailing twelve months (TTM) ended in Oct. 2014 was $67 Mil. Finisar Corp's Earnings Yield (Joel Greenblatt) for the quarter that ended in Oct. 2014 was 4.77%.


Definition

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

EV/EBIT=Enterprise Value (Today)/Operating Income (TTM)
=1816.510/67.31
=26.99

Finisar Corp's current Enterprise Value is $1,817 Mil.
Finisar Corp's Operating Income for the trailing twelve months (TTM) ended in Oct. 2014 was 33.096 (Jan. 2014 ) + 21.107 (Apr. 2014 ) + 20.367 (Jul. 2014 ) + -7.26 (Oct. 2014 ) = $67 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).

Finisar Corp'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 )
=67.31/1411.6828
=4.77 %

Finisar Corp's Enterprise Value for the quarter that ended in Oct. 2014 was $1,412 Mil.
Finisar Corp's Operating Income for the trailing twelve months (TTM) ended in Oct. 2014 was 33.096 (Jan. 2014 ) + 21.107 (Apr. 2014 ) + 20.367 (Jul. 2014 ) + -7.26 (Oct. 2014 ) = $67 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.

Finisar Corp Annual Data

Apr05Apr06Apr07Apr08Apr09Apr10Apr11Apr12Apr13Apr14
ev2ebit -5.92-56.49-789.62-8.95-1.7195.2020.1530.05-172.9620.49

Finisar Corp Quarterly Data

Jul12Oct12Jan13Apr13Jul13Oct13Jan14Apr14Jul14Oct14
ev2ebit 30.7337.00111.63-172.9660.0634.2422.0420.4916.6920.97
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