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Richardson Electronics (NAS:RELL)
EV/EBIT
-3.50 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its EBIT. As of today, Richardson Electronics's enterprise value is $16.9 Mil. Richardson Electronics's operating income for the trailing twelve months (TTM) ended in Aug. 2014 was $-4.8 Mil. Therefore, Richardson Electronics's EV/EBIT ratio for today is -3.50.

RELL' s 10-Year EV/EBIT Range
Min: -112.4   Max: 3833.3
Current: -3.5

-112.4
3833.3

During the past 13 years, the highest EV/EBIT Ratio of Richardson Electronics was 3833.30. The lowest was -112.40. And the median was 11.70.

RELL's EV/EBITis ranked lower than
57% of the 2783 Companies
in the Global Electronics Distribution industry.

( Industry Median: 23.53 vs. RELL: -3.50 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). Richardson Electronics's enterprise value for the quarter that ended in Aug. 2014 was $18.2 Mil. Richardson Electronics's Operating Income for the trailing twelve months (TTM) ended in Aug. 2014 was $-4.8 Mil. Richardson Electronics's Earnings Yield (Joel Greenblatt) for the quarter that ended in Aug. 2014 was -26.39%.


Definition

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

EV/EBIT=Enterprise Value (Today)/Operating Income (TTM)
=16.854/-4.809
=-3.50

Richardson Electronics's current Enterprise Value is $16.9 Mil.
Richardson Electronics's Operating Income for the trailing twelve months (TTM) ended in Aug. 2014 was 0.534 (Nov. 2013 ) + -0.886 (Feb. 2014 ) + -3.924 (May. 2014 ) + -0.533 (Aug. 2014 ) = $-4.8 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's Earnings Yield (Joel Greenblatt) for the quarter that ended in Aug. 2014 is calculated as:

Earnings Yield (Joel Greenblatt) (Q: Aug. 2014 )=Operating Income (TTM)/Enterprise Value (Q: Aug. 2014 )
=-4.809/18.214
=-26.40 %

Richardson Electronics's Enterprise Value for the quarter that ended in Aug. 2014 was $18.2 Mil.
Richardson Electronics's Operating Income for the trailing twelve months (TTM) ended in Aug. 2014 was 0.534 (Nov. 2013 ) + -0.886 (Feb. 2014 ) + -3.924 (May. 2014 ) + -0.533 (Aug. 2014 ) = $-4.8 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.

Richardson Electronics Annual Data

May05May06May07May08May09May10May11May12May13May14
ev2ebit 15.3513.9434.69-92.25-9.707.361.797.113,536.85-2.01

Richardson Electronics Quarterly Data

May12Aug12Nov12Feb13May13Aug13Nov13Feb14May14Aug14
ev2ebit 7.119.688.0917.033,536.85-65.88-73.31-12.94-2.01-3.79
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