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Richardson Electronics Ltd (NAS:RELL)
EV/EBIT
-0.34 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its Earnings Before Interest and Taxes (EBIT). As of today, Richardson Electronics Ltd's enterprise value is $3.0 Mil. Richardson Electronics Ltd's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Feb. 2016 was $-8.9 Mil. Therefore, Richardson Electronics Ltd's EV/EBIT ratio for today is -0.34.

During the past 13 years, the highest EV/EBIT Ratio of Richardson Electronics Ltd was 7179.00. The lowest was -677.90. And the median was 10.10.

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). Richardson Electronics Ltd's enterprise value for the quarter that ended in Feb. 2016 was $-0.8 Mil. Richardson Electronics Ltd's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Feb. 2016 was $-8.9 Mil. Richardson Electronics Ltd's Earnings Yield (Joel Greenblatt) for the quarter that ended in Feb. 2016 was 1,076.51%.


Definition

Richardson Electronics Ltd's EV/EBIT for today is calculated as:

EV/EBIT=Enterprise Value (Today)/Earnings Before Interest and Taxes (EBIT) (TTM)
=3.029/-8.892
=-0.34

Richardson Electronics Ltd's current Enterprise Value is $3.0 Mil.
Richardson Electronics Ltd's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Feb. 2016 was -2.645 (May. 2015 ) + -1.004 (Aug. 2015 ) + -2.522 (Nov. 2015 ) + -2.721 (Feb. 2016 ) = $-8.9 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).

Richardson Electronics Ltd's Earnings Yield (Joel Greenblatt) for the quarter that ended in Feb. 2016 is calculated as:

Earnings Yield (Joel Greenblatt) (Q: Feb. 2016 )=EBIT (TTM)/Enterprise Value (Q: Feb. 2016 )
=-8.892/-0.826
=1,076.51 %

Richardson Electronics Ltd's Enterprise Value for the quarter that ended in Feb. 2016 was $-0.8 Mil.
Richardson Electronics Ltd's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Feb. 2016 was -2.645 (May. 2015 ) + -1.004 (Aug. 2015 ) + -2.522 (Nov. 2015 ) + -2.721 (Feb. 2016 ) = $-8.9 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.


Related Terms

Enterprise Value, Earnings Yield (Joel Greenblatt), Earnings Before Interest and Taxes (EBIT)


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Richardson Electronics Ltd Annual Data

May06May07May08May09May10May11May12May13May14May15
ev2ebit 29.4636.64-65.38-13.5989.807.117.113,536.85-2.01-2.49

Richardson Electronics Ltd Quarterly Data

Nov13Feb14May14Aug14Nov14Feb15May15Aug15Nov15Feb16
ev2ebit -73.31-12.94-2.01-3.79-3.52-2.45-2.49-0.78-0.080.09
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