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

EV/EBIT ratio is calculated as enterprise value divided by its Earnings Before Interest and Taxes (EBIT). As of today, Icon PLC's enterprise value is $4,325 Mil. Icon PLC's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2016 was $298 Mil. Therefore, Icon PLC's EV/EBIT ratio for today is 14.51.

ICLR' s EV/EBIT Range Over the Past 10 Years
Min: 6.5   Max: 48
Current: 14.52

6.5
48

During the past 13 years, the highest EV/EBIT Ratio of Icon PLC was 48.00. The lowest was 6.50. And the median was 15.00.

ICLR's EV/EBIT is ranked higher than
72% of the 92 Companies
in the Global Diagnostics & Research industry.

( Industry Median: 20.76 vs. ICLR: 14.52 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). Icon PLC's enterprise value for the quarter that ended in Jun. 2016 was $3,980 Mil. Icon PLC's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2016 was $298 Mil. Icon PLC's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2016 was 7.49%.


Definition

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

EV/EBIT=Enterprise Value (Today)/Earnings Before Interest and Taxes (EBIT) (TTM)
=4325.071/298.171
=14.51

Icon PLC's current Enterprise Value is $4,325 Mil.
Icon PLC's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2016 was 71.916 (Sep. 2015 ) + 75.625 (Dec. 2015 ) + 76.344 (Mar. 2016 ) + 74.286 (Jun. 2016 ) = $298 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 Jun. 2016 is calculated as:

Earnings Yield (Joel Greenblatt) (Q: Jun. 2016 )=EBIT (TTM)/Enterprise Value (Q: Jun. 2016 )
=298.171/3980.1256
=7.49 %

Icon PLC's Enterprise Value for the quarter that ended in Jun. 2016 was $3,980 Mil.
Icon PLC's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2016 was 71.916 (Sep. 2015 ) + 75.625 (Dec. 2015 ) + 76.344 (Mar. 2016 ) + 74.286 (Jun. 2016 ) = $298 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.

Icon PLC Annual Data

Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15
ev2ebit 8.6811.8311.3010.0611.3327.9021.4517.7514.0015.66

Icon PLC Quarterly Data

Mar14Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16
ev2ebit 18.1716.6817.1814.0018.0615.7815.8015.6614.5013.35
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