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Mitcham Industries Inc (NAS:MIND)
EV/EBIT
73.23 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its EBIT. As of today, Mitcham Industries Inc's enterprise value is $171.66 Mil. Mitcham Industries Inc's operating income for the trailing twelve months (TTM) ended in Apr. 2014 was $2.39 Mil. Therefore, Mitcham Industries Inc's EV/EBIT ratio for today is 73.23.

MIND' s 10-Year EV/EBIT Range
Min: 2.2   Max: 1287.7
Current: 73.23

2.2
1287.7

During the past 13 years, the highest EV/EBIT Ratio of Mitcham Industries Inc was 1287.70. The lowest was 2.20. And the median was 17.30.

MIND's EV/EBITis ranked lower than
52% of the 259 Companies
in the Global Rental & Leasing Services industry.

( Industry Median: 20.73 vs. MIND: 73.23 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). Mitcham Industries Inc's enterprise value for the quarter that ended in Apr. 2014 was $180.55 Mil. Mitcham Industries Inc's Operating Income for the trailing twelve months (TTM) ended in Apr. 2014 was $2.39 Mil. Mitcham Industries Inc's Earnings Yield (Joel Greenblatt) for the quarter that ended in Apr. 2014 was 1.33%.


Definition

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

EV/EBIT=Enterprise Value (Today)/Operating Income (TTM)
=171.657/2.394
=71.70

Mitcham Industries Inc's current Enterprise Value is $171.66 Mil.
Mitcham Industries Inc's Operating Income for the trailing twelve months (TTM) ended in Apr. 2014 was -2.126 (Jul. 2013 ) + -2.552 (Oct. 2013 ) + 2.3 (Jan. 2014 ) + 4.772 (Apr. 2014 ) = $2.39 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).

Mitcham Industries Inc's Earnings Yield (Joel Greenblatt) for the quarter that ended in Apr. 2014 is calculated as:

Earnings Yield (Joel Greenblatt) (Q: Apr. 2014 )=Operating Income (TTM)/Enterprise Value (Q: Apr. 2014 )
=2.394/180.551
=1.33 %

Mitcham Industries Inc's Enterprise Value for the quarter that ended in Apr. 2014 was $180.55 Mil.
Mitcham Industries Inc's Operating Income for the trailing twelve months (TTM) ended in Apr. 2014 was -2.126 (Jul. 2013 ) + -2.552 (Oct. 2013 ) + 2.3 (Jan. 2014 ) + 4.772 (Apr. 2014 ) = $2.39 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.

Mitcham Industries Inc Annual Data

Jan05Jan06Jan07Jan08Jan09Jan10Jan11Jan12Jan13Jan14
ev2ebit 18.2030.6618.929.263.1794.3717.568.0012.9134.59

Mitcham Industries Inc Quarterly Data

Jan12Apr12Jul12Oct12Jan13Apr13Jul13Oct13Jan14Apr14
ev2ebit 8.008.156.016.3612.9116.9428.3930.7734.5975.42
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