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KLA-Tencor Corporation (NAS:KLAC)
EV/EBIT
12.70 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its EBIT. As of today, KLA-Tencor Corporation's enterprise value is $8,809 Mil. KLA-Tencor Corporation's operating income for the trailing twelve months (TTM) ended in Dec. 2013 was $728 Mil. Therefore, KLA-Tencor Corporation's EV/EBIT ratio for today is 12.70.

KLAC' s 10-Year EV/EBIT Range
Min: 3.9   Max: 233.5
Current: 12.7

3.9
233.5

During the past 13 years, the highest EV/EBIT Ratio of KLA-Tencor Corporation was 233.50. The lowest was 3.90. And the median was 13.20.

KLAC's EV/EBITis ranked higher than
80% of the 698 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 20.80 vs. KLAC: 12.70 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). KLA-Tencor Corporation's enterprise value for the quarter that ended in Dec. 2013 was $8,539 Mil. KLA-Tencor Corporation's Operating Income for the trailing twelve months (TTM) ended in Dec. 2013 was $728 Mil. KLA-Tencor Corporation's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2013 was 8.53%.


Definition

KLA-Tencor Corporation's EV/EBIT for today is calculated as:

EV/EBIT=Enterprise Value (Today)/Operating Income (TTM)
=8809.406/727.774
=12.10

KLA-Tencor Corporation's current Enterprise Value is $8,809 Mil.
KLA-Tencor Corporation's Operating Income for the trailing twelve months (TTM) ended in Dec. 2013 was 202.246 (Mar. 2013 ) + 187.635 (Jun. 2013 ) + 149.911 (Sep. 2013 ) + 187.982 (Dec. 2013 ) = $728 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).

KLA-Tencor Corporation'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 )
=727.774/8539.245
=8.52 %

KLA-Tencor Corporation's Enterprise Value for the quarter that ended in Dec. 2013 was $8,539 Mil.
KLA-Tencor Corporation's Operating Income for the trailing twelve months (TTM) ended in Dec. 2013 was 202.246 (Mar. 2013 ) + 187.635 (Jun. 2013 ) + 149.911 (Sep. 2013 ) + 187.982 (Dec. 2013 ) = $728 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.

KLA-Tencor Corporation Annual Data

Jun04Jun05Jun06Jun07Jun08Jun09Jun10Jun11Jun12Jun13
ev2ebit 35.1911.7619.2315.0912.530.0012.404.726.329.66

KLA-Tencor Corporation Quarterly Data

Sep11Dec11Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13
ev2ebit 4.266.187.186.326.396.507.699.6611.4611.73
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