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Tel Instrument Electronics Corp (AMEX:TIK)
EV/EBIT
13.50 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its EBIT. As of today, Tel Instrument Electronics Corp's enterprise value is $18.36 Mil. Tel Instrument Electronics Corp's operating income for the trailing twelve months (TTM) ended in Mar. 2014 was $1.36 Mil. Therefore, Tel Instrument Electronics Corp's EV/EBIT ratio for today is 13.50.

TIK' s 10-Year EV/EBIT Range
Min: 2.2   Max: 384.2
Current: 13.5

2.2
384.2

During the past 13 years, the highest EV/EBIT Ratio of Tel Instrument Electronics Corp was 384.20. The lowest was 2.20. And the median was 25.90.

TIK's EV/EBITis ranked higher than
80% of the 2650 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 24.92 vs. TIK: 13.50 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). Tel Instrument Electronics Corp's enterprise value for the quarter that ended in Mar. 2014 was $15.72 Mil. Tel Instrument Electronics Corp's Operating Income for the trailing twelve months (TTM) ended in Mar. 2014 was $1.36 Mil. Tel Instrument Electronics Corp's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2014 was 8.68%.


Definition

Tel Instrument Electronics Corp's EV/EBIT for today is calculated as:

EV/EBIT=Enterprise Value (Today)/Operating Income (TTM)
=18.362/1.364
=13.46

Tel Instrument Electronics Corp's current Enterprise Value is $18.36 Mil.
Tel Instrument Electronics Corp's Operating Income for the trailing twelve months (TTM) ended in Mar. 2014 was 0.053 (Jun. 2013 ) + 0.156 (Sep. 2013 ) + 0.248 (Dec. 2013 ) + 0.907 (Mar. 2014 ) = $1.36 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).

Tel Instrument Electronics Corp's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2014 is calculated as:

Earnings Yield (Joel Greenblatt) (Q: Mar. 2014 )=Operating Income (TTM)/Enterprise Value (Q: Mar. 2014 )
=1.364/15.72
=8.68 %

Tel Instrument Electronics Corp's Enterprise Value for the quarter that ended in Mar. 2014 was $15.72 Mil.
Tel Instrument Electronics Corp's Operating Income for the trailing twelve months (TTM) ended in Mar. 2014 was 0.053 (Jun. 2013 ) + 0.156 (Sep. 2013 ) + 0.248 (Dec. 2013 ) + 0.907 (Mar. 2014 ) = $1.36 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.

Tel Instrument Electronics Corp Annual Data

Mar05Mar06Mar07Mar08Mar09Mar10Mar11Mar12Mar13Mar14
ev2ebit 414.710.000.000.0023.920.00137.8528.080.0011.52

Tel Instrument Electronics Corp Quarterly Data

Dec11Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14
ev2ebit 25.4728.080.000.000.000.000.000.000.0011.52
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