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Kratos Defense & Security Solutions, Inc. (NAS:KTOS)
EV/EBIT
31.84 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its EBIT. As of today, Kratos Defense & Security Solutions, Inc.'s enterprise value is $1,015.6 Mil. Kratos Defense & Security Solutions, Inc.'s operating income for the trailing twelve months (TTM) ended in Dec. 2013 was $31.9 Mil. Therefore, Kratos Defense & Security Solutions, Inc.'s EV/EBIT ratio for today is 31.84.

KTOS' s 10-Year EV/EBIT Range
Min: 14   Max: 178.9
Current: 31.84

14
178.9

During the past 13 years, the highest EV/EBIT Ratio of Kratos Defense & Security Solutions, Inc. was 178.90. The lowest was 14.00. And the median was 29.60.

KTOS's EV/EBITis ranked lower than
68% of the 216 Companies
in the Global Security & Protection Services industry.

( Industry Median: 15.03 vs. KTOS: 31.84 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). Kratos Defense & Security Solutions, Inc.'s enterprise value for the quarter that ended in Dec. 2013 was $1,026.9 Mil. Kratos Defense & Security Solutions, Inc.'s Operating Income for the trailing twelve months (TTM) ended in Dec. 2013 was $31.9 Mil. Kratos Defense & Security Solutions, Inc.'s Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2013 was 3.11%.


Definition

Kratos Defense & Security Solutions, Inc.'s EV/EBIT for today is calculated as:

EV/EBIT=Enterprise Value (Today)/Operating Income (TTM)
=1015.603/31.9
=31.84

Kratos Defense & Security Solutions, Inc.'s current Enterprise Value is $1,015.6 Mil.
Kratos Defense & Security Solutions, Inc.'s Operating Income for the trailing twelve months (TTM) ended in Dec. 2013 was 11.5 (Mar. 2013 ) + 8.9 (Jun. 2013 ) + 6.1 (Sep. 2013 ) + 5.4 (Dec. 2013 ) = $31.9 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).

Kratos Defense & Security Solutions, Inc.'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 )
=31.9/1026.9208
=3.11 %

Kratos Defense & Security Solutions, Inc.'s Enterprise Value for the quarter that ended in Dec. 2013 was $1,026.9 Mil.
Kratos Defense & Security Solutions, Inc.'s Operating Income for the trailing twelve months (TTM) ended in Dec. 2013 was 11.5 (Mar. 2013 ) + 8.9 (Jun. 2013 ) + 6.1 (Sep. 2013 ) + 5.4 (Dec. 2013 ) = $31.9 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.

Kratos Defense & Security Solutions, Inc. Annual Data

Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13
ev2ebit 105.33112.240.000.000.000.0019.9426.420.0032.19

Kratos Defense & Security Solutions, Inc. Quarterly Data

Sep11Dec11Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13
ev2ebit 29.4226.4220.1922.6223.380.000.000.000.0032.19
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