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Taiwan Semiconductor Manufacturing Co Ltd (NYSE:TSM)
EV/EBIT
14.05 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its EBIT. As of today, Taiwan Semiconductor Manufacturing Co Ltd's enterprise value is $109,659 Mil. Taiwan Semiconductor Manufacturing Co Ltd's operating income for the trailing twelve months (TTM) ended in Jun. 2014 was $7,736 Mil. Therefore, Taiwan Semiconductor Manufacturing Co Ltd's EV/EBIT ratio for today is 14.05.

TSM' s 10-Year EV/EBIT Range
Min: 6.6   Max: 574
Current: 14.05

6.6
574

During the past 13 years, the highest EV/EBIT Ratio of Taiwan Semiconductor Manufacturing Co Ltd was 574.00. The lowest was 6.60. And the median was 13.30.

TSM's EV/EBITis ranked higher than
82% of the 1095 Companies
in the Global Semiconductors industry.

( Industry Median: 45.16 vs. TSM: 14.05 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). Taiwan Semiconductor Manufacturing Co Ltd's enterprise value for the quarter that ended in Jun. 2014 was $108,051 Mil. Taiwan Semiconductor Manufacturing Co Ltd's Operating Income for the trailing twelve months (TTM) ended in Jun. 2014 was $7,736 Mil. Taiwan Semiconductor Manufacturing Co Ltd's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2014 was 7.26%.


Definition

Taiwan Semiconductor Manufacturing Co Ltd's EV/EBIT for today is calculated as:

EV/EBIT=Enterprise Value (Today)/Operating Income (TTM)
=109658.600/7735.9567166
=14.18

Taiwan Semiconductor Manufacturing Co Ltd's current Enterprise Value is $109,659 Mil.
Taiwan Semiconductor Manufacturing Co Ltd's Operating Income for the trailing twelve months (TTM) ended in Jun. 2014 was 2029.4126017 (Sep. 2013 ) + 1605.84533448 (Dec. 2013 ) + 1739.5542013 (Mar. 2014 ) + 2361.14457912 (Jun. 2014 ) = $7,736 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).

Taiwan Semiconductor Manufacturing Co Ltd's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2014 is calculated as:

Earnings Yield (Joel Greenblatt) (Q: Jun. 2014 )=Operating Income (TTM)/Enterprise Value (Q: Jun. 2014 )
=7735.9567166/108051.026083
=7.16 %

Taiwan Semiconductor Manufacturing Co Ltd's Enterprise Value for the quarter that ended in Jun. 2014 was $108,051 Mil.
Taiwan Semiconductor Manufacturing Co Ltd's Operating Income for the trailing twelve months (TTM) ended in Jun. 2014 was 2029.4126017 (Sep. 2013 ) + 1605.84533448 (Dec. 2013 ) + 1739.5542013 (Mar. 2014 ) + 2361.14457912 (Jun. 2014 ) = $7,736 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.

Taiwan Semiconductor Manufacturing Co Ltd Annual Data

Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13
ev2ebit 12.6315.0312.3412.819.0716.1310.7213.0613.7012.93

Taiwan Semiconductor Manufacturing Co Ltd Quarterly Data

Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14Jun14
ev2ebit 15.3113.5813.7113.7013.5514.1712.5912.9314.0913.77
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