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Polycom Inc (NAS:PLCM)
EV/EBIT
-69.51 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its EBIT. As of today, Polycom Inc's enterprise value is $1,223 Mil. Polycom Inc's operating income for the trailing twelve months (TTM) ended in Jun. 2014 was $-18 Mil. Therefore, Polycom Inc's EV/EBIT ratio for today is -69.51.

PLCM' s 10-Year EV/EBIT Range
Min: 7.9   Max: 211.2
Current: -69.51

7.9
211.2

During the past 13 years, the highest EV/EBIT Ratio of Polycom Inc was 211.20. The lowest was 7.90. And the median was 25.20.

PLCM's EV/EBITis ranked higher than
62% of the 700 Companies
in the Global Communication Equipment industry.

( Industry Median: 57.63 vs. PLCM: -69.51 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). Polycom Inc's enterprise value for the quarter that ended in Jun. 2014 was $1,417 Mil. Polycom Inc's Operating Income for the trailing twelve months (TTM) ended in Jun. 2014 was $-18 Mil. Polycom Inc's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2014 was 0.00%.


Definition

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

EV/EBIT=Enterprise Value (Today)/Operating Income (TTM)
=1223.119/-17.596
=

Polycom Inc's current Enterprise Value is $1,223 Mil.
Polycom Inc's Operating Income for the trailing twelve months (TTM) ended in Jun. 2014 was -22.349 (Sep. 2013 ) + -0.441 (Dec. 2013 ) + -6.914 (Mar. 2014 ) + 12.108 (Jun. 2014 ) = $-18 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).

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

Earnings Yield (Joel Greenblatt) (Q: Jun. 2014 )=Operating Income (TTM)/Enterprise Value (Q: Jun. 2014 )
=-17.596/1417.209
= %

Polycom Inc's Enterprise Value for the quarter that ended in Jun. 2014 was $1,417 Mil.
Polycom Inc's Operating Income for the trailing twelve months (TTM) ended in Jun. 2014 was -22.349 (Sep. 2013 ) + -0.441 (Dec. 2013 ) + -6.914 (Mar. 2014 ) + 12.108 (Jun. 2014 ) = $-18 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.

Polycom Inc Annual Data

Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13
ev2ebit 38.2514.2825.4928.238.4823.7633.2217.50182.150.00

Polycom Inc Quarterly Data

Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14Jun14
ev2ebit 24.9815.6127.75182.150.000.000.000.000.000.00
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