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GuruFocus has detected 1 Warning Sign with Illumina Inc $ILMN.
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Illumina Inc (NAS:ILMN)
EV/EBIT
39.48 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its Earnings Before Interest and Taxes (EBIT). As of today, Illumina Inc's enterprise value is $23,464 Mil. Illumina Inc's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2016 was $594 Mil. Therefore, Illumina Inc's EV/EBIT ratio for today is 39.48.

ILMN' s EV/EBIT Range Over the Past 10 Years
Min: -61.3   Max: 381.3
Current: 39.48

-61.3
381.3

During the past 13 years, the highest EV/EBIT Ratio of Illumina Inc was 381.30. The lowest was -61.30. And the median was 39.20.

ILMN's EV/EBIT is ranked lower than
78% of the 118 Companies
in the Global Medical Instruments & Supplies industry.

( Industry Median: 24.36 vs. ILMN: 39.48 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). Illumina Inc's enterprise value for the quarter that ended in Dec. 2016 was $18,372 Mil. Illumina Inc's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2016 was $594 Mil. Illumina Inc's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2016 was 3.24%.


Definition

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

EV/EBIT=Enterprise Value (Today)/Earnings Before Interest and Taxes (EBIT) (TTM)
=23464.367/594.359
=39.48

Illumina Inc's current Enterprise Value is $23,464 Mil.
Illumina Inc's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2016 was 124.121 (Mar. 2016 ) + 165.122 (Jun. 2016 ) + 162.572 (Sep. 2016 ) + 142.544 (Dec. 2016 ) = $594 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's 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).

Illumina Inc's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2016 is calculated as:

Earnings Yield (Joel Greenblatt) (Q: Dec. 2016 )=EBIT (TTM)/Enterprise Value (Q: Dec. 2016 )
=594.359/18372.413
=3.24 %

Illumina Inc's Enterprise Value for the quarter that ended in Dec. 2016 was $18,372 Mil.
Illumina Inc's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2016 was 124.121 (Mar. 2016 ) + 165.122 (Jun. 2016 ) + 162.572 (Sep. 2016 ) + 142.544 (Dec. 2016 ) = $594 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's 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 local exchange's currency.

Illumina Inc Annual Data

Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
ev2ebit -11.5930.1424.9234.9419.7824.5169.4853.9544.4730.91

Illumina Inc Quarterly Data

Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16
ev2ebit 55.7553.9545.5146.9837.0244.4742.1335.3844.2530.91
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