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Icon PLC (NAS:ICLR)
EV/EBIT
20.00 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its EBIT. As of today, Icon PLC's enterprise value is $2,367 Mil. Icon PLC's operating income for the trailing twelve months (TTM) ended in Dec. 2013 was $121 Mil. Therefore, Icon PLC's EV/EBIT ratio for today is 20.00.

ICLR' s 10-Year EV/EBIT Range
Min: 1.4   Max: 50.5
Current: 20

1.4
50.5

During the past 13 years, the highest EV/EBIT Ratio of Icon PLC was 50.50. The lowest was 1.40. And the median was 11.90.

ICLR's EV/EBITis ranked higher than
58% of the 122 Companies
in the Global Diagnostics & Research industry.

( Industry Median: 21.08 vs. ICLR: 20.00 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). Icon PLC's enterprise value for the quarter that ended in Dec. 2013 was $2,153 Mil. Icon PLC's Operating Income for the trailing twelve months (TTM) ended in Dec. 2013 was $121 Mil. Icon PLC's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2013 was 5.63%.


Definition

Icon PLC's EV/EBIT for today is calculated as:

EV/EBIT=Enterprise Value (Today)/Operating Income (TTM)
=2366.832/121.167
=19.53

Icon PLC's current Enterprise Value is $2,367 Mil.
Icon PLC's Operating Income for the trailing twelve months (TTM) ended in Dec. 2013 was 22.996 (Mar. 2013 ) + 26.299 (Jun. 2013 ) + 33.161 (Sep. 2013 ) + 38.711 (Dec. 2013 ) = $121 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).

Icon PLC'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 )
=121.167/2152.6232
=5.63 %

Icon PLC's Enterprise Value for the quarter that ended in Dec. 2013 was $2,153 Mil.
Icon PLC's Operating Income for the trailing twelve months (TTM) ended in Dec. 2013 was 22.996 (Mar. 2013 ) + 26.299 (Jun. 2013 ) + 33.161 (Sep. 2013 ) + 38.711 (Dec. 2013 ) = $121 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.

Icon PLC Annual Data

May04May05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13
ev2ebit 1.631.519.540.0011.6210.1311.5529.0321.8117.77

Icon PLC Quarterly Data

Sep11Dec11Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13
ev2ebit 18.0129.0336.0945.7725.4221.8122.1820.8821.2917.77
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