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Thermo Fisher Scientific Inc (NYSE:TMO)
EV/EBIT
39.33 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its Earnings Before Interest and Taxes (EBIT). As of today, Thermo Fisher Scientific Inc's enterprise value is $65,513 Mil. Thermo Fisher Scientific Inc's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2015 was $1,666 Mil. Therefore, Thermo Fisher Scientific Inc's EV/EBIT ratio for today is 39.33.

TMO' s EV/EBIT Range Over the Past 10 Years
Min: 14.5   Max: 78.3
Current: 37.21

14.5
78.3

During the past 13 years, the highest EV/EBIT Ratio of Thermo Fisher Scientific Inc was 78.30. The lowest was 14.50. And the median was 28.90.

TMO's EV/EBIT is ranked lower than
76% of the 101 Companies
in the Global Diagnostics & Research industry.

( Industry Median: 21.06 vs. TMO: 37.21 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). Thermo Fisher Scientific Inc's enterprise value for the quarter that ended in Sep. 2015 was $61,610 Mil. Thermo Fisher Scientific Inc's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2015 was $1,666 Mil. Thermo Fisher Scientific Inc's Earnings Yield (Joel Greenblatt) for the quarter that ended in Sep. 2015 was 2.70%.


Definition

Thermo Fisher Scientific Inc's EV/EBIT for today is calculated as:

EV/EBIT=Enterprise Value (Today)/Earnings Before Interest and Taxes (EBIT) (TTM)
=65513.342/1665.6
=39.33

Thermo Fisher Scientific Inc's current Enterprise Value is $65,513 Mil.
Thermo Fisher Scientific Inc's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2015 was 0 (Dec. 2014 ) + 490.4 (Mar. 2015 ) + 606.5 (Jun. 2015 ) + 568.7 (Sep. 2015 ) = $1,666 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).

Thermo Fisher Scientific Inc's Earnings Yield (Joel Greenblatt) for the quarter that ended in Sep. 2015 is calculated as:

Earnings Yield (Joel Greenblatt) (Q: Sep. 2015 )=EBIT (TTM)/Enterprise Value (Q: Sep. 2015 )
=1665.6/61610.448
=2.70 %

Thermo Fisher Scientific Inc's Enterprise Value for the quarter that ended in Sep. 2015 was $61,610 Mil.
Thermo Fisher Scientific Inc's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2015 was 0 (Dec. 2014 ) + 490.4 (Mar. 2015 ) + 606.5 (Jun. 2015 ) + 568.7 (Sep. 2015 ) = $1,666 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their own 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 own currency.

Thermo Fisher Scientific Inc Annual Data

Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15
ev2ebit 91.7635.1215.8427.3826.2024.2526.4339.6133.120.00

Thermo Fisher Scientific Inc Quarterly Data

Sep13Dec13Mar14Jun14Sep14Dec14Mar15Jun15Sep15Dec15
ev2ebit 33.9839.6139.3937.8432.7233.1244.6237.0636.990.00
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