Switch to:
Corning Inc (NYSE:GLW)
EV/EBIT
20.00 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its EBIT. As of today, Corning Inc's enterprise value is $26,666 Mil. Corning Inc's operating income for the trailing twelve months (TTM) ended in Dec. 2013 was $1,371 Mil. Therefore, Corning Inc's EV/EBIT ratio for today is 20.00.

GLW' s 10-Year EV/EBIT Range
Min: 5.9   Max: 150.1
Current: 20

5.9
150.1

During the past 13 years, the highest EV/EBIT Ratio of Corning Inc was 150.10. The lowest was 5.90. And the median was 19.65.

GLW's EV/EBITis ranked lower than
51% of the 1925 Companies
in the Global Electronic Components industry.

( Industry Median: 15.73 vs. GLW: 20.00 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). Corning Inc's enterprise value for the quarter that ended in Dec. 2013 was $23,896 Mil. Corning Inc's Operating Income for the trailing twelve months (TTM) ended in Dec. 2013 was $1,371 Mil. Corning Inc's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2013 was 5.74%.


Definition

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

EV/EBIT=Enterprise Value (Today)/Operating Income (TTM)
=26666.164/1371
=19.45

Corning Inc's current Enterprise Value is $26,666 Mil.
Corning Inc's Operating Income for the trailing twelve months (TTM) ended in Dec. 2013 was 324 (Mar. 2013 ) + 424 (Jun. 2013 ) + 439 (Sep. 2013 ) + 184 (Dec. 2013 ) = $1,371 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. 2013 is calculated as:

Earnings Yield (Joel Greenblatt) (Q: Dec. 2013 )=Operating Income (TTM)/Enterprise Value (Q: Dec. 2013 )
=1371/23896.104
=5.74 %

Corning Inc's Enterprise Value for the quarter that ended in Dec. 2013 was $23,896 Mil.
Corning Inc's Operating Income for the trailing twelve months (TTM) ended in Dec. 2013 was 324 (Mar. 2013 ) + 424 (Jun. 2013 ) + 439 (Sep. 2013 ) + 184 (Dec. 2013 ) = $1,371 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

Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13
ev2ebit 0.0049.9632.9333.188.9872.7914.549.6113.5017.43

Corning Inc Quarterly Data

Sep11Dec11Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13
ev2ebit 7.239.6111.1010.8312.5013.5014.7414.7614.6617.43
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
Free 7-day Trial
FEEDBACK
Hide