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Layne Christensen Company (NAS:LAYN)
EV/EBIT
11.10 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its EBIT. As of today, Layne Christensen Company's enterprise value is $442 Mil. Layne Christensen Company's operating income for the trailing twelve months (TTM) ended in Oct. 2013 was $-100 Mil. Therefore, Layne Christensen Company's EV/EBIT ratio for today is 11.10.

LAYN' s 10-Year EV/EBIT Range
Min: 3.5   Max: 44
Current: 11.1

3.5
44

During the past 13 years, the highest EV/EBIT Ratio of Layne Christensen Company was 44.00. The lowest was 3.50. And the median was 14.30.

LAYN's EV/EBITis ranked higher than
66% of the 856 Companies
in the Global Engineering & Construction industry.

( Industry Median: 12.61 vs. LAYN: 11.10 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). Layne Christensen Company's enterprise value for the quarter that ended in Oct. 2013 was $473 Mil. Layne Christensen Company's Operating Income for the trailing twelve months (TTM) ended in Oct. 2013 was $-100 Mil. Layne Christensen Company's Earnings Yield (Joel Greenblatt) for the quarter that ended in Oct. 2013 was 0.00%.


Definition

Layne Christensen Company's EV/EBIT for today is calculated as:

EV/EBIT=Enterprise Value (Today)/Operating Income (TTM)
=442.095/-99.573
=

Layne Christensen Company's current Enterprise Value is $442 Mil.
Layne Christensen Company's Operating Income for the trailing twelve months (TTM) ended in Oct. 2013 was -37.107 (Jan. 2013 ) + -20.316 (Apr. 2013 ) + -26.887 (Jul. 2013 ) + -15.263 (Oct. 2013 ) = $-100 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).

Layne Christensen Company's Earnings Yield (Joel Greenblatt) for the quarter that ended in Oct. 2013 is calculated as:

Earnings Yield (Joel Greenblatt) (Q: Oct. 2013 )=Operating Income (TTM)/Enterprise Value (Q: Oct. 2013 )
=-99.573/472.6086
= %

Layne Christensen Company's Enterprise Value for the quarter that ended in Oct. 2013 was $473 Mil.
Layne Christensen Company's Operating Income for the trailing twelve months (TTM) ended in Oct. 2013 was -37.107 (Jan. 2013 ) + -20.316 (Apr. 2013 ) + -26.887 (Jul. 2013 ) + -15.263 (Oct. 2013 ) = $-100 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.

Layne Christensen Company Annual Data

Jan04Jan05Jan06Jan07Jan08Jan09Jan10Jan11Jan12Jan13
ev2ebit 18.0915.0620.1513.3910.417.9736.0115.140.000.00

Layne Christensen Company Quarterly Data

Jul11Oct11Jan12Apr12Jul12Oct12Jan13Apr13Jul13Oct13
ev2ebit 15.4314.600.000.000.000.000.000.000.000.00
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