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Spectranetics Corporation (NAS:SPNC)
EV/EBIT
2,215.74 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its EBIT. As of today, Spectranetics Corporation's enterprise value is $873.0 Mil. Spectranetics Corporation's operating income for the trailing twelve months (TTM) ended in Dec. 2013 was $0.4 Mil. Therefore, Spectranetics Corporation's EV/EBIT ratio for today is 2215.74.

SPNC' s 10-Year EV/EBIT Range
Min: 3.2   Max: 2925
Current: 2215.74

3.2
2925

During the past 13 years, the highest EV/EBIT Ratio of Spectranetics Corporation was 2925.00. The lowest was 3.20. And the median was 133.25.

SPNC's EV/EBITis ranked lower than
73% of the 291 Companies
in the Global Medical Devices industry.

( Industry Median: 20.80 vs. SPNC: 2215.74 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). Spectranetics Corporation's enterprise value for the quarter that ended in Dec. 2013 was $897.1 Mil. Spectranetics Corporation's Operating Income for the trailing twelve months (TTM) ended in Dec. 2013 was $0.4 Mil. Spectranetics Corporation's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2013 was 0.04%.


Definition

Spectranetics Corporation's EV/EBIT for today is calculated as:

EV/EBIT=Enterprise Value (Today)/Operating Income (TTM)
=873.000/0.394
=2,215.74

Spectranetics Corporation's current Enterprise Value is $873.0 Mil.
Spectranetics Corporation's Operating Income for the trailing twelve months (TTM) ended in Dec. 2013 was -1.505 (Mar. 2013 ) + -0.678 (Jun. 2013 ) + 0.806 (Sep. 2013 ) + 1.771 (Dec. 2013 ) = $0.4 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).

Spectranetics Corporation'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 )
=0.394/897.105
=0.04 %

Spectranetics Corporation's Enterprise Value for the quarter that ended in Dec. 2013 was $897.1 Mil.
Spectranetics Corporation's Operating Income for the trailing twelve months (TTM) ended in Dec. 2013 was -1.505 (Mar. 2013 ) + -0.678 (Jun. 2013 ) + 0.806 (Sep. 2013 ) + 1.771 (Dec. 2013 ) = $0.4 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.

Spectranetics Corporation Annual Data

Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13
ev2ebit 108.50148.800.0031.254.650.000.00159.84162.052,276.92

Spectranetics Corporation Quarterly Data

Sep11Dec11Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13
ev2ebit 151.07159.84242.88213.54198.87162.05414.480.000.002,276.92
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