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Twin Disc, Inc. (NAS:TWIN)
EV/EBIT
40.00 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its EBIT. As of today, Twin Disc, Inc.'s enterprise value is $294.7 Mil. Twin Disc, Inc.'s operating income for the trailing twelve months (TTM) ended in Dec. 2013 was $7.1 Mil. Therefore, Twin Disc, Inc.'s EV/EBIT ratio for today is 40.00.

TWIN' s 10-Year EV/EBIT Range
Min: 2.9   Max: 61.4
Current: 40

2.9
61.4

During the past 13 years, the highest EV/EBIT Ratio of Twin Disc, Inc. was 61.40. The lowest was 2.90. And the median was 9.50.

TWIN's EV/EBITis ranked lower than
69% of the 1637 Companies
in the Global Diversified Industrials industry.

( Industry Median: 14.80 vs. TWIN: 40.00 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). Twin Disc, Inc.'s enterprise value for the quarter that ended in Dec. 2013 was $286.4 Mil. Twin Disc, Inc.'s Operating Income for the trailing twelve months (TTM) ended in Dec. 2013 was $7.1 Mil. Twin Disc, Inc.'s Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2013 was 2.48%.


Definition

Twin Disc, Inc.'s EV/EBIT for today is calculated as:

EV/EBIT=Enterprise Value (Today)/Operating Income (TTM)
=294.713/7.09
=41.57

Twin Disc, Inc.'s current Enterprise Value is $294.7 Mil.
Twin Disc, Inc.'s Operating Income for the trailing twelve months (TTM) ended in Dec. 2013 was 0.269 (Mar. 2013 ) + 1.406 (Jun. 2013 ) + 4.056 (Sep. 2013 ) + 1.359 (Dec. 2013 ) = $7.1 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).

Twin Disc, Inc.'s Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2013 is calculated as:

Earnings Yield (Joel Greenblatt) (Q: Dec. 2013 )=Operating Income (TTM)/Enterprise Value (Q: Dec. 2013 )
=7.09/286.3883
=2.48 %

Twin Disc, Inc.'s Enterprise Value for the quarter that ended in Dec. 2013 was $286.4 Mil.
Twin Disc, Inc.'s Operating Income for the trailing twelve months (TTM) ended in Dec. 2013 was 0.269 (Mar. 2013 ) + 1.406 (Jun. 2013 ) + 4.056 (Sep. 2013 ) + 1.359 (Dec. 2013 ) = $7.1 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.

Twin Disc, Inc. Annual Data

Jun04Jun05Jun06Jun07Jun08Jun09Jun10Jun11Jun12Jun13
ev2ebit 7.406.878.2811.956.935.7345.4512.945.0527.28

Twin Disc, Inc. Quarterly Data

Sep11Dec11Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13
ev2ebit 7.259.026.135.056.797.2821.7127.2826.2340.39
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