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Tyler Technologies Inc (NYSE:TYL)
EV/EBIT
57.10 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its Earnings Before Interest and Taxes (EBIT). As of today, Tyler Technologies Inc's enterprise value is $6,293.6 Mil. Tyler Technologies Inc's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2016 was $110.2 Mil. Therefore, Tyler Technologies Inc's EV/EBIT ratio for today is 57.10.

TYL' s EV/EBIT Range Over the Past 10 Years
Min: 13.2   Max: 61
Current: 57.1

13.2
61

During the past 13 years, the highest EV/EBIT Ratio of Tyler Technologies Inc was 61.00. The lowest was 13.20. And the median was 26.20.

TYL's EV/EBIT is ranked lower than
83% of the 1189 Companies
in the Global Software - Application industry.

( Industry Median: 16.90 vs. TYL: 57.10 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). Tyler Technologies Inc's enterprise value for the quarter that ended in Jun. 2016 was $6,119.3 Mil. Tyler Technologies Inc's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2016 was $110.2 Mil. Tyler Technologies Inc's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2016 was 1.80%.


Definition

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

EV/EBIT=Enterprise Value (Today)/Earnings Before Interest and Taxes (EBIT) (TTM)
=6293.591/110.225
=57.10

Tyler Technologies Inc's current Enterprise Value is $6,293.6 Mil.
Tyler Technologies Inc's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2016 was 31.489 (Sep. 2015 ) + 19.78 (Dec. 2015 ) + 28.041 (Mar. 2016 ) + 30.915 (Jun. 2016 ) = $110.2 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).

Tyler Technologies Inc's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2016 is calculated as:

Earnings Yield (Joel Greenblatt) (Q: Jun. 2016 )=EBIT (TTM)/Enterprise Value (Q: Jun. 2016 )
=110.225/6119.2698
=1.80 %

Tyler Technologies Inc's Enterprise Value for the quarter that ended in Jun. 2016 was $6,119.3 Mil.
Tyler Technologies Inc's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2016 was 31.489 (Sep. 2015 ) + 19.78 (Dec. 2015 ) + 28.041 (Mar. 2016 ) + 30.915 (Jun. 2016 ) = $110.2 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.

Tyler Technologies Inc Annual Data

Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15
ev2ebit 23.4216.6815.6915.4016.0520.6827.0348.7936.4659.51

Tyler Technologies Inc Quarterly Data

Mar14Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16
ev2ebit 36.7435.9730.7936.4637.8138.6242.6959.5143.4255.52
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