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

EV/EBIT ratio is calculated as enterprise value divided by its Earnings Before Interest and Taxes (EBIT). As of today, Corning Inc's enterprise value is $22,455 Mil. Corning Inc's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2016 was $1,576 Mil. Therefore, Corning Inc's EV/EBIT ratio for today is 14.25.

GLW' s EV/EBIT Range Over the Past 10 Years
Min: 3.6   Max: 146.9
Current: 14.79

3.6
146.9

During the past 13 years, the highest EV/EBIT Ratio of Corning Inc was 146.90. The lowest was 3.60. And the median was 10.00.

GLW's EV/EBIT is ranked lower than
85% of the 1713 Companies
in the Global Electronic Components industry.

( Industry Median: 13.37 vs. GLW: 14.79 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). Corning Inc's enterprise value for the quarter that ended in Jun. 2016 was $20,654 Mil. Corning Inc's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2016 was $1,576 Mil. Corning Inc's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2016 was 7.63%.


Definition

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

EV/EBIT=Enterprise Value (Today)/Earnings Before Interest and Taxes (EBIT) (TTM)
=22455.410/1576
=14.25

Corning Inc's current Enterprise Value is $22,455 Mil.
Corning Inc's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2016 was 256 (Sep. 2015 ) + 208 (Dec. 2015 ) + -631 (Mar. 2016 ) + 1743 (Jun. 2016 ) = $1,576 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 Jun. 2016 is calculated as:

Earnings Yield (Joel Greenblatt) (Q: Jun. 2016 )=EBIT (TTM)/Enterprise Value (Q: Jun. 2016 )
=1576/20653.76
=7.63 %

Corning Inc's Enterprise Value for the quarter that ended in Jun. 2016 was $20,654 Mil.
Corning Inc's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2016 was 256 (Sep. 2015 ) + 208 (Dec. 2015 ) + -631 (Mar. 2016 ) + 1743 (Jun. 2016 ) = $1,576 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.


Related Terms

Enterprise Value, Earnings Yield (Joel Greenblatt), Earnings Before Interest and Taxes (EBIT)


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

Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15
ev2ebit 26.8825.998.6314.126.624.907.638.887.8014.09

Corning Inc Quarterly Data

Mar14Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16
ev2ebit 10.8813.878.487.807.876.357.7714.0954.5013.11
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