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Sirona Dental Systems, Inc. (NAS:SIRO)
EV/EBIT
18.50 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its EBIT. As of today, Sirona Dental Systems, Inc.'s enterprise value is $3,972 Mil. Sirona Dental Systems, Inc.'s operating income for the trailing twelve months (TTM) ended in Dec. 2013 was $216 Mil. Therefore, Sirona Dental Systems, Inc.'s EV/EBIT ratio for today is 18.50.

SIRO' s 10-Year EV/EBIT Range
Min: 9.1   Max: 92.6
Current: 18.5

9.1
92.6

During the past 13 years, the highest EV/EBIT Ratio of Sirona Dental Systems, Inc. was 92.60. The lowest was 9.10. And the median was 17.90.

SIRO's EV/EBITis ranked higher than
63% of the 235 Companies
in the Global Medical Instruments & Supplies industry.

( Industry Median: 18.39 vs. SIRO: 18.50 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). Sirona Dental Systems, Inc.'s enterprise value for the quarter that ended in Dec. 2013 was $3,744 Mil. Sirona Dental Systems, Inc.'s Operating Income for the trailing twelve months (TTM) ended in Dec. 2013 was $216 Mil. Sirona Dental Systems, Inc.'s Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2013 was 5.77%.


Definition

Sirona Dental Systems, Inc.'s EV/EBIT for today is calculated as:

EV/EBIT=Enterprise Value (Today)/Operating Income (TTM)
=3971.592/215.951
=18.39

Sirona Dental Systems, Inc.'s current Enterprise Value is $3,972 Mil.
Sirona Dental Systems, Inc.'s Operating Income for the trailing twelve months (TTM) ended in Dec. 2013 was 47.565 (Mar. 2013 ) + 58.408 (Jun. 2013 ) + 47.922 (Sep. 2013 ) + 62.056 (Dec. 2013 ) = $216 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).

Sirona Dental Systems, Inc.'s Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2013 is calculated as:

Earnings Yield (Joel Greenblatt) (Q: Dec. 2013 )=Operating Income (TTM)/Enterprise Value (Q: Dec. 2013 )
=215.951/3744.124
=5.77 %

Sirona Dental Systems, Inc.'s Enterprise Value for the quarter that ended in Dec. 2013 was $3,744 Mil.
Sirona Dental Systems, Inc.'s Operating Income for the trailing twelve months (TTM) ended in Dec. 2013 was 47.565 (Mar. 2013 ) + 58.408 (Jun. 2013 ) + 47.922 (Sep. 2013 ) + 62.056 (Dec. 2013 ) = $216 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.

Sirona Dental Systems, Inc. Annual Data

Mar05Mar06Sep06Sep07Sep08Sep09Sep10Sep11Sep12Sep13
ev2ebit 12.5416.28106.7244.8726.3622.6616.5114.8716.4916.54

Sirona Dental Systems, Inc. Quarterly Data

Sep11Dec11Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13
ev2ebit 14.8715.6217.3014.9016.4918.3820.0916.6216.5417.34
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