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GuruFocus has detected 3 Warning Signs with Thermon Group Holdings Inc $THR.
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Thermon Group Holdings Inc (NYSE:THR)
EV-to-EBIT
27.68 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its Earnings Before Interest and Taxes (EBIT). As of today, Thermon Group Holdings Inc's enterprise value is $637.0 Mil. Thermon Group Holdings Inc's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2016 was $23.0 Mil. Therefore, Thermon Group Holdings Inc's EV/EBIT ratio for today is 27.68.

THR' s EV-to-EBIT Range Over the Past 10 Years
Min: 10.1   Max: 30.1
Current: 27.7

10.1
30.1

During the past 7 years, the highest EV/EBIT Ratio of Thermon Group Holdings Inc was 30.10. The lowest was 10.10. And the median was 17.00.

THR's EV-to-EBIT is ranked lower than
77% of the 1889 Companies
in the Global Diversified Industrials industry.

( Industry Median: 15.47 vs. THR: 27.70 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). Thermon Group Holdings Inc's enterprise value for the quarter that ended in Dec. 2016 was $626.7 Mil. Thermon Group Holdings Inc's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2016 was $23.0 Mil. Thermon Group Holdings Inc's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2016 was 3.67%.


Definition

Thermon Group Holdings Inc's EV/EBIT for today is calculated as:

EV/EBIT=Enterprise Value (Today)/Earnings Before Interest and Taxes (EBIT) (TTM)
=637.045/23.017
=27.68

Thermon Group Holdings Inc's current Enterprise Value is $637.0 Mil.
Thermon Group Holdings Inc's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2016 was 5.643 (Mar. 2016 ) + 4.573 (Jun. 2016 ) + 5.377 (Sep. 2016 ) + 7.424 (Dec. 2016 ) = $23.0 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).

Thermon Group Holdings 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 )
=23.017/626.6676
=3.67 %

Thermon Group Holdings Inc's Enterprise Value for the quarter that ended in Dec. 2016 was $626.7 Mil.
Thermon Group Holdings Inc's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2016 was 5.643 (Mar. 2016 ) + 4.573 (Jun. 2016 ) + 5.377 (Sep. 2016 ) + 7.424 (Dec. 2016 ) = $23.0 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.

Thermon Group Holdings Inc Annual Data

Mar09Mar10Mar12Mar13Mar14Mar15Mar16
ev2ebit 0.000.000.000.000.0018.8213.5618.4411.7015.86

Thermon Group Holdings Inc Quarterly Data

Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16
ev2ebit 13.0411.7711.7012.8912.7212.8715.8619.4024.0827.23
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