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Micron Technology Inc (NAS:MU)
EV/EBIT
15.83 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its EBIT. As of today, Micron Technology Inc's enterprise value is $39,403 Mil. Micron Technology Inc's operating income for the trailing twelve months (TTM) ended in May. 2014 was $2,466 Mil. Therefore, Micron Technology Inc's EV/EBIT ratio for today is 15.83.

MU' s 10-Year EV/EBIT Range
Min: 4.9   Max: 565.7
Current: 15.83

4.9
565.7

During the past 13 years, the highest EV/EBIT Ratio of Micron Technology Inc was 565.70. The lowest was 4.90. And the median was 26.40.

MU's EV/EBITis ranked higher than
81% of the 1097 Companies
in the Global Semiconductor Memory industry.

( Industry Median: 51.77 vs. MU: 15.83 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). Micron Technology Inc's enterprise value for the quarter that ended in May. 2014 was $32,740 Mil. Micron Technology Inc's Operating Income for the trailing twelve months (TTM) ended in May. 2014 was $2,466 Mil. Micron Technology Inc's Earnings Yield (Joel Greenblatt) for the quarter that ended in May. 2014 was 7.53%.


Definition

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

EV/EBIT=Enterprise Value (Today)/Operating Income (TTM)
=39403.300/2466
=15.98

Micron Technology Inc's current Enterprise Value is $39,403 Mil.
Micron Technology Inc's Operating Income for the trailing twelve months (TTM) ended in May. 2014 was 207 (Aug. 2013 ) + 551 (Nov. 2013 ) + 869 (Feb. 2014 ) + 839 (May. 2014 ) = $2,466 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).

Micron Technology Inc's Earnings Yield (Joel Greenblatt) for the quarter that ended in May. 2014 is calculated as:

Earnings Yield (Joel Greenblatt) (Q: May. 2014 )=Operating Income (TTM)/Enterprise Value (Q: May. 2014 )
=2466/32740.1642
=7.53 %

Micron Technology Inc's Enterprise Value for the quarter that ended in May. 2014 was $32,740 Mil.
Micron Technology Inc's Operating Income for the trailing twelve months (TTM) ended in May. 2014 was 207 (Aug. 2013 ) + 551 (Nov. 2013 ) + 869 (Feb. 2014 ) + 839 (May. 2014 ) = $2,466 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.

Micron Technology Inc Annual Data

Aug05Aug06Aug07Aug08Aug09Aug10Aug11Aug12Aug13Aug14
ev2ebit 33.1533.270.000.000.004.829.480.00102.120.00

Micron Technology Inc Quarterly Data

May12Aug12Nov12Feb13May13Aug13Nov13Feb14May14Aug14
ev2ebit 0.000.000.000.000.00102.1228.4816.0313.280.00
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