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GuruFocus has detected 8 Warning Signs with Tesla Inc $TSLA.
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Tesla Inc (NAS:TSLA)
EV-to-EBIT
-102.44 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its Earnings Before Interest and Taxes (EBIT). As of today, Tesla Inc's enterprise value is $56,089 Mil. Tesla Inc's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2016 was $-548 Mil. Therefore, Tesla Inc's EV/EBIT ratio for today is -102.44.

TSLA' s EV-to-EBIT Range Over the Past 10 Years
Min: -753.7   Max: -7.5
Current: -102.44

-753.7
-7.5

During the past 10 years, the highest EV/EBIT Ratio of Tesla Inc was -7.50. The lowest was -753.70. And the median was -39.75.

TSLA's EV-to-EBIT is ranked lower than
99.99% of the 1383 Companies
in the Global Auto Manufacturers industry.

( Industry Median: 13.17 vs. TSLA: -102.44 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). Tesla Inc's enterprise value for the quarter that ended in Dec. 2016 was $38,944 Mil. Tesla Inc's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2016 was $-548 Mil. Tesla Inc's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2016 was -1.41%.


Definition

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

EV/EBIT=Enterprise Value (Today)/Earnings Before Interest and Taxes (EBIT) (TTM)
=56088.779/-547.538
=-102.44

Tesla Inc's current Enterprise Value is $56,089 Mil.
Tesla Inc's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2016 was -237.796 (Mar. 2016 ) + -243.171 (Jun. 2016 ) + 76.724 (Sep. 2016 ) + -143.295 (Dec. 2016 ) = $-548 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).

Tesla 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 )
=-547.538/38943.7121
=-1.41 %

Tesla Inc's Enterprise Value for the quarter that ended in Dec. 2016 was $38,944 Mil.
Tesla Inc's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2016 was -237.796 (Mar. 2016 ) + -243.171 (Jun. 2016 ) + 76.724 (Sep. 2016 ) + -143.295 (Dec. 2016 ) = $-548 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.

Tesla Inc Annual Data

Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
ev2ebit 0.000.000.00-16.33-11.76-10.44-475.10-155.31-43.66-71.13

Tesla Inc Quarterly Data

Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16
ev2ebit -259.87-155.31-91.91-89.44-60.82-43.66-37.28-32.85-44.33-71.13
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