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Ciena (CIEN) EV-to-EBIT : 26.12 (As of Jul. 25, 2024)


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What is Ciena EV-to-EBIT?

EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Ciena's Enterprise Value is $7,476 Mil. Ciena's EBIT for the trailing twelve months (TTM) ended in Apr. 2024 was $286 Mil. Therefore, Ciena's EV-to-EBIT for today is 26.12.

The historical rank and industry rank for Ciena's EV-to-EBIT or its related term are showing as below:

CIEN' s EV-to-EBIT Range Over the Past 10 Years
Min: -2031.09   Med: 21.01   Max: 222.94
Current: 26.12

During the past 13 years, the highest EV-to-EBIT of Ciena was 222.94. The lowest was -2031.09. And the median was 21.01.

CIEN's EV-to-EBIT is ranked worse than
69.27% of 1718 companies
in the Hardware industry
Industry Median: 16.05 vs CIEN: 26.12

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %. Ciena's Enterprise Value for the quarter that ended in Apr. 2024 was $7,011 Mil. Ciena's EBIT for the trailing twelve months (TTM) ended in Apr. 2024 was $286 Mil. Ciena's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Apr. 2024 was 4.08%.


Ciena EV-to-EBIT Historical Data

The historical data trend for Ciena's EV-to-EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Ciena EV-to-EBIT Chart

Ciena Annual Data
Trend Oct14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
EV-to-EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 15.61 11.65 15.41 31.13 16.16

Ciena Quarterly Data
Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24
EV-to-EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 21.43 16.75 16.16 20.32 24.49

Competitive Comparison of Ciena's EV-to-EBIT

For the Communication Equipment subindustry, Ciena's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Ciena's EV-to-EBIT Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Ciena's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Ciena's EV-to-EBIT falls into.



Ciena EV-to-EBIT Calculation

Ciena's EV-to-EBIT for today is calculated as:

EV-to-EBIT=Enterprise Value (Today)/EBIT (TTM)
=7476.395/286.237
=26.12

Ciena's current Enterprise Value is $7,476 Mil.
Ciena's EBIT for the trailing twelve months (TTM) ended in Apr. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $286 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Ciena  (NYSE:CIEN) EV-to-EBIT Explanation

This is a more accurate valuation of companies' operation because it considers 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) %.

Ciena's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Apr. 2024 is calculated as:

Earnings Yield (Joel Greenblatt) % (Q: Apr. 2024 ) =EBIT / Enterprise Value (Q: Apr. 2024 )
=286.237/7010.63477
=4.08 %

Ciena's Enterprise Value for the quarter that ended in Apr. 2024 was $7,011 Mil.
Ciena's EBIT for the trailing twelve months (TTM) ended in Apr. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $286 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Ciena EV-to-EBIT Related Terms

Thank you for viewing the detailed overview of Ciena's EV-to-EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.


Ciena (CIEN) Business Description

Address
7035 Ridge Road, Hanover, MD, USA, 21076
Ciena Corp is a network and technology company. It provides network hardware, software, and services that support the transport, switching, aggregation, service delivery, and management of video, data, and voice traffic on communications networks. It serves various industries such as communication services providers, web-scale providers, cable operators, government, and large enterprises world-wide. The business activities function through Networking Platforms; Platform Software and Services; Blue Planet Automation Software, and Global Services segments. Geographically, its presence is seen in the markets of the United States, Canada, the Caribbean, Latin America, Europe, the Middle East, Africa, the Asia Pacific, Japan, and India. The maximum revenue is generated from Americas.
Executives
David M Rothenstein officer: Sr. VP, General Counsel 7035 RIDGE ROAD, HANOVER MD 21076
Gary B Smith director, officer: President, CEO C/O CIENA CORPORATION, 7035 RIDGE ROAD, HANOVER MD 21076
Brodie Gage officer: SVP Global Products & Supply 2351 ALFRED-NOBEL BLVD, SUITE N-300, SAINT LAURENT A8 H4S 2A9
Dino Diperna officer: SVP Global R&D 385 TERRY FOX DR, OTTAWA A6 K2K OL1
Jason Phipps officer: SVP Global Sales and Marketing 7410 RIDGE RD, HANOVER MD 21076
Joseph Cumello officer: SVP, General Mgr. Blue Planet 7035 RIDGE RD, HANOVER MD 21076
Scott Mcfeely officer: SVP, Networking Platforms 7035 RIDGE RD, HANOVER MD 21076
Mary G Puma director AXCELIS TECHNOLOGIES INC., 108 CHERRY HILL DRIVE, BEVERLY MA 01915
Andrew C Petrik officer: VP, CONTROLLER 7035 RIDGE ROAD, HANOVER MD 21076
Sheela Kosaraju officer: SVP, General Counsel 43-51 WORSHIP ST, LONDON X0 EC2A 2DX
Stephen B Alexander officer: SVP, Chief Technology Officer C/O CIENA CORPORATION, 7035 RIDGE ROAD, HANOVER MD 21076
Rick Hamilton officer: SVP, Software and Services 9500 AMBERGIEN, AUSTIN TX 78729
Moylan James E Jr officer: SVP Finance, CFO CIENA CORPORATION, 7035 RIDGE ROAD, HANOVER MD 21076
Judith M Obrien director 855 MAUDE AVENUE, MOUNTAIN VIEW CA 94043
Thomas Michael Nevens director C/O BORLAND SOFTWARE CORPORATION, 20450 STEVENS CREEK BLVD, SUITE 800, CUPERTINO CA 95014