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Corning Inc (NYSE:GLW)
EV/EBIT
15.08 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its EBIT. As of today, Corning Inc's enterprise value is $29,114 Mil. Corning Inc's operating income for the trailing twelve months (TTM) ended in Dec. 2014 was $1,931 Mil. Therefore, Corning Inc's EV/EBIT ratio for today is 15.08.

GLW' s 10-Year EV/EBIT Range
Min: -54.7   Max: 150.4
Current: 14.75

-54.7
150.4

During the past 13 years, the highest EV/EBIT Ratio of Corning Inc was 150.40. The lowest was -54.70. And the median was 17.90.

GLW's EV/EBITis ranked higher than
76% of the 2780 Companies
in the Global Electronic Components industry.

( Industry Median: 25.03 vs. GLW: 14.75 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). Corning Inc's enterprise value for the quarter that ended in Dec. 2014 was $28,961 Mil. Corning Inc's Operating Income for the trailing twelve months (TTM) ended in Dec. 2014 was $1,931 Mil. Corning Inc's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2014 was 6.67%.


Definition

Corning Inc's EV/EBIT for today is calculated as:

EV/EBIT=Enterprise Value (Today)/Operating Income (TTM)
=29114.100/1931
=15.08

Corning Inc's current Enterprise Value is $29,114 Mil.
Corning Inc's Operating Income for the trailing twelve months (TTM) ended in Dec. 2014 was 315 (Mar. 2014 ) + 460 (Jun. 2014 ) + 620 (Sep. 2014 ) + 536 (Dec. 2014 ) = $1,931 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).

Corning Inc's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2014 is calculated as:

Earnings Yield (Joel Greenblatt) (Q: Dec. 2014 )=Operating Income (TTM)/Enterprise Value (Q: Dec. 2014 )
=1931/28960.8205
=6.67 %

Corning Inc's Enterprise Value for the quarter that ended in Dec. 2014 was $28,961 Mil.
Corning Inc's Operating Income for the trailing twelve months (TTM) ended in Dec. 2014 was 315 (Mar. 2014 ) + 460 (Jun. 2014 ) + 620 (Sep. 2014 ) + 536 (Dec. 2014 ) = $1,931 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.

Corning Inc Annual Data

Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14
ev2ebit 49.9632.9333.188.9872.7914.549.6113.5016.8015.00

Corning Inc Quarterly Data

Sep12Dec12Mar13Jun13Sep13Dec13Mar14Jun14Sep14Dec14
ev2ebit 12.5013.5014.7414.7614.6616.8020.2920.3815.6715.00
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