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Waters Corp (FRA:WAZ)
EV/EBIT
19.26 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its EBIT. As of today, Waters Corp's enterprise value is €7,460 Mil. Waters Corp's operating income for the trailing twelve months (TTM) ended in Sep. 2014 was €387 Mil. Therefore, Waters Corp's EV/EBIT ratio for today is 19.26.

FRA:WAZ' s 10-Year EV/EBIT Range
Min: 8.4   Max: 25.2
Current: 17.25

8.4
25.2

During the past 13 years, the highest EV/EBIT Ratio of Waters Corp was 25.20. The lowest was 8.40. And the median was 16.50.

FRA:WAZ's EV/EBITis ranked higher than
87% of the 300 Companies
in the Global Medical Instruments & Supplies industry.

( Industry Median: 29.95 vs. FRA:WAZ: 17.25 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). Waters Corp's enterprise value for the quarter that ended in Sep. 2014 was €6,187 Mil. Waters Corp's Operating Income for the trailing twelve months (TTM) ended in Sep. 2014 was €387 Mil. Waters Corp's Earnings Yield (Joel Greenblatt) for the quarter that ended in Sep. 2014 was 6.26%.


Definition

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

EV/EBIT=Enterprise Value (Today)/Operating Income (TTM)
=7459.969/387.32101901
=19.26

Waters Corp's current Enterprise Value is €7,460 Mil.
Waters Corp's Operating Income for the trailing twelve months (TTM) ended in Sep. 2014 was 128.408892128 (Dec. 2013 ) + 64.1800433839 (Mar. 2014 ) + 87.119205298 (Jun. 2014 ) + 107.6128782 (Sep. 2014 ) = €387 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).

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

Earnings Yield (Joel Greenblatt) (Q: Sep. 2014 )=Operating Income (TTM)/Enterprise Value (Q: Sep. 2014 )
=387.32101901/6187.11421781
=6.26 %

Waters Corp's Enterprise Value for the quarter that ended in Sep. 2014 was €6,187 Mil.
Waters Corp's Operating Income for the trailing twelve months (TTM) ended in Sep. 2014 was 128.408892128 (Dec. 2013 ) + 64.1800433839 (Mar. 2014 ) + 87.119205298 (Jun. 2014 ) + 107.6128782 (Sep. 2014 ) = €387 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.

Waters Corp Annual Data

Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13
ev2ebit 19.5615.9518.1623.319.5214.7815.4611.9214.0115.47

Waters Corp Quarterly Data

Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14Jun14Sep14
ev2ebit 12.7813.4314.0115.0516.1817.2115.4717.4616.5614.96
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