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Waters Corporation (FRA:WAZ)
EV/EBIT
17.17 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its EBIT. As of today, Waters Corporation's enterprise value is €6,366 Mil. Waters Corporation's operating income for the trailing twelve months (TTM) ended in Dec. 2013 was €387 Mil. Therefore, Waters Corporation's EV/EBIT ratio for today is 17.17.

FRA:WAZ' s 10-Year EV/EBIT Range
Min: 8.4   Max: 25.2
Current: 17.17

8.4
25.2

During the past 13 years, the highest EV/EBIT Ratio of Waters Corporation was 25.20. The lowest was 8.40. And the median was 16.80.

FRA:WAZ's EV/EBITis ranked higher than
71% of the 293 Companies
in the Global Medical Devices industry.

( Industry Median: 20.91 vs. FRA:WAZ: 17.17 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). Waters Corporation's enterprise value for the quarter that ended in Dec. 2013 was €5,786 Mil. Waters Corporation's Operating Income for the trailing twelve months (TTM) ended in Dec. 2013 was €387 Mil. Waters Corporation's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2013 was 6.44%.


Definition

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

EV/EBIT=Enterprise Value (Today)/Operating Income (TTM)
=6366.283/386.635361989
=16.47

Waters Corporation's current Enterprise Value is €6,366 Mil.
Waters Corporation's Operating Income for the trailing twelve months (TTM) ended in Dec. 2013 was 83.8995398773 (Mar. 2013 ) + 86.090145149 (Jun. 2013 ) + 87.2939882698 (Sep. 2013 ) + 129.351688693 (Dec. 2013 ) = €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 Corporation's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2013 is calculated as:

Earnings Yield (Joel Greenblatt) (Q: Dec. 2013 )=Operating Income (TTM)/Enterprise Value (Q: Dec. 2013 )
=386.635361989/5785.89324705
=6.68 %

Waters Corporation's Enterprise Value for the quarter that ended in Dec. 2013 was €5,786 Mil.
Waters Corporation's Operating Income for the trailing twelve months (TTM) ended in Dec. 2013 was 83.8995398773 (Mar. 2013 ) + 86.090145149 (Jun. 2013 ) + 87.2939882698 (Sep. 2013 ) + 129.351688693 (Dec. 2013 ) = €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 Corporation Annual Data

Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13
ev2ebit 19.5615.9518.1623.319.5214.7815.4611.9214.0115.53

Waters Corporation Quarterly Data

Sep11Dec11Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13
ev2ebit 12.7811.9215.1112.7813.4314.0115.0516.1817.2115.53
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