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Garmin Ltd (NAS:GRMN)
EV/EBIT
10.24 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its Earnings Before Interest and Taxes (EBIT). As of today, Garmin Ltd's enterprise value is $6,981 Mil. Garmin Ltd's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2015 was $682 Mil. Therefore, Garmin Ltd's EV/EBIT ratio for today is 10.24.

GRMN' s 10-Year EV/EBIT Range
Min: 2.7   Max: 32.3
Current: 10.68

2.7
32.3

During the past 13 years, the highest EV/EBIT Ratio of Garmin Ltd was 32.30. The lowest was 2.70. And the median was 12.10.

GRMN's EV/EBITis ranked higher than
63% of the 1555 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 14.03 vs. GRMN: 10.68 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). Garmin Ltd's enterprise value for the quarter that ended in Mar. 2015 was $7,659 Mil. Garmin Ltd's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2015 was $682 Mil. Garmin Ltd's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2015 was 8.90%.


Definition

Garmin Ltd's EV/EBIT for today is calculated as:

EV/EBIT=Enterprise Value (Today)/Earnings Before Interest and Taxes (EBIT) (TTM)
=6981.480/681.956
=10.24

Garmin Ltd's current Enterprise Value is $6,981 Mil.
Garmin Ltd's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2015 was 218.754 (Jun. 2014 ) + 175.504 (Sep. 2014 ) + 176 (Dec. 2014 ) + 111.698 (Mar. 2015 ) = $682 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).

Garmin Ltd's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2015 is calculated as:

Earnings Yield (Joel Greenblatt) (Q: Mar. 2015 )=EBIT (TTM)/Enterprise Value (Q: Mar. 2015 )
=681.956/7659.4304
=8.90 %

Garmin Ltd's Enterprise Value for the quarter that ended in Mar. 2015 was $7,659 Mil.
Garmin Ltd's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2015 was 218.754 (Jun. 2014 ) + 175.504 (Sep. 2014 ) + 176 (Dec. 2014 ) + 111.698 (Mar. 2015 ) = $682 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.

Garmin Ltd Annual Data

Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14
ev2ebit 21.9419.9620.753.476.238.1910.8710.9013.3912.70

Garmin Ltd Quarterly Data

Dec12Mar13Jun13Sep13Dec13Mar14Jun14Sep14Dec14Mar15
ev2ebit 10.908.8010.4313.8213.3915.4015.5812.5712.7011.23
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