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GuruFocus has detected 4 Warning Signs with Synaptics Inc $SYNA.
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Synaptics Inc (NAS:SYNA)
EV-to-EBIT
49.97 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its Earnings Before Interest and Taxes (EBIT). As of today, Synaptics Inc's enterprise value is $1,784 Mil. Synaptics Inc's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2016 was $36 Mil. Therefore, Synaptics Inc's EV/EBIT ratio for today is 49.97.

SYNA' s EV-to-EBIT Range Over the Past 10 Years
Min: 7.2   Max: 55.8
Current: 49.97

7.2
55.8

During the past 13 years, the highest EV/EBIT Ratio of Synaptics Inc was 55.80. The lowest was 7.20. And the median was 16.30.

SYNA's EV-to-EBIT is ranked lower than
86% of the 1007 Companies
in the Global Software - Application industry.

( Industry Median: 16.44 vs. SYNA: 49.97 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). Synaptics Inc's enterprise value for the quarter that ended in Dec. 2016 was $1,769 Mil. Synaptics Inc's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2016 was $36 Mil. Synaptics Inc's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2016 was 2.02%.


Definition

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

EV/EBIT=Enterprise Value (Today)/Earnings Before Interest and Taxes (EBIT) (TTM)
=1783.976/35.7
=49.97

Synaptics Inc's current Enterprise Value is $1,784 Mil.
Synaptics Inc's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2016 was 21.1 (Mar. 2016 ) + -19.8 (Jun. 2016 ) + 5.6 (Sep. 2016 ) + 28.8 (Dec. 2016 ) = $36 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's 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).

Synaptics Inc's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2016 is calculated as:

Earnings Yield (Joel Greenblatt) (Q: Dec. 2016 )=EBIT (TTM)/Enterprise Value (Q: Dec. 2016 )
=35.7/1768.874
=2.02 %

Synaptics Inc's Enterprise Value for the quarter that ended in Dec. 2016 was $1,769 Mil.
Synaptics Inc's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2016 was 21.1 (Mar. 2016 ) + -19.8 (Jun. 2016 ) + 5.6 (Sep. 2016 ) + 28.8 (Dec. 2016 ) = $36 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's 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 local exchange's currency.

Synaptics Inc Annual Data

Jun07Jun08Jun09Jun10Jun11Jun12Jun13Jun14Jun15Jun16
ev2ebit 19.8424.4819.4311.628.399.469.1139.0718.8922.09

Synaptics Inc Quarterly Data

Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16
ev2ebit 35.5634.5718.0618.8918.2115.9018.9522.0937.7149.55
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