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Thoratec (FRA:TL1) EV-to-EBIT : 60.35 (As of Jun. 03, 2024)


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What is Thoratec EV-to-EBIT?

EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Thoratec's Enterprise Value is €2,805.7 Mil. Thoratec's EBIT for the trailing twelve months (TTM) ended in Jun. 2015 was €46.5 Mil. Therefore, Thoratec's EV-to-EBIT for today is 60.35.

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

FRA:TL1' s EV-to-EBIT Range Over the Past 10 Years
Min: 10.1   Med: 32.4   Max: 167.9
Current: 57.5

During the past 13 years, the highest EV-to-EBIT of Thoratec was 167.90. The lowest was 10.10. And the median was 32.40.

FRA:TL1's EV-to-EBIT is not ranked
in the Medical Devices & Instruments industry.
Industry Median: 19.79 vs FRA:TL1: 57.50

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %. Thoratec's Enterprise Value for the quarter that ended in Jun. 2015 was €0.0 Mil. Thoratec's EBIT for the trailing twelve months (TTM) ended in Jun. 2015 was €46.5 Mil. Thoratec's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2015 was %.


Thoratec EV-to-EBIT Historical Data

The historical data trend for Thoratec'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.

Thoratec EV-to-EBIT Chart

Thoratec Annual Data
Trend Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14
EV-to-EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 13.04 15.15 24.71 17.81 22.56

Thoratec Quarterly Data
Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15
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 17.63 16.54 22.56 33.60 40.38

Competitive Comparison of Thoratec's EV-to-EBIT

For the Medical Devices subindustry, Thoratec'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.


Thoratec's EV-to-EBIT Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Thoratec's EV-to-EBIT distribution charts can be found below:

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



Thoratec EV-to-EBIT Calculation

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

EV-to-EBIT=Enterprise Value (Today)/EBIT (TTM)
=2805.680/46.492
=60.35

Thoratec's current Enterprise Value is €2,805.7 Mil.
Thoratec's EBIT for the trailing twelve months (TTM) ended in Jun. 2015 adds up the quarterly data reported by the company within the most recent 12 months, which was €46.5 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.


Thoratec  (FRA:TL1) 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) %.

Thoratec's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2015 is calculated as:

Earnings Yield (Joel Greenblatt) % (Q: Jun. 2015 ) =EBIT / Enterprise Value (Q: Jun. 2015 )
=46.492/0
= %

Thoratec's Enterprise Value for the quarter that ended in Jun. 2015 was €0.0 Mil.
Thoratec's EBIT for the trailing twelve months (TTM) ended in Jun. 2015 adds up the quarterly data reported by the company within the most recent 12 months, which was €46.5 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.


Thoratec EV-to-EBIT Related Terms

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


Thoratec (FRA:TL1) Business Description

Traded in Other Exchanges
N/A
Address
Thoratec Corporation incorporated in the State of California in 1976 provides mechanical circulatory support with a product portfolio to treat the full range of clinical needs for advanced heart failure patients. It develops, manufactures and markets proprietary medical devices used for circulatory support. Following the sale of ITC in 2010, the Company has one operating segment: Cardiovascular group. This segment is organized and operates to develop and manufacture mechanical circulatory products to support the cardiovascular systems of humans. The Company's VAD products primarily serve patients suffering from late-stage HF. HF is a chronic disease that occurs when degeneration of the heart muscle reduces the pumping power of the heart, causing the heart to become too weak to pump blood at a level sufficient to meet the body's demands. Hospitals that perform open heart surgery and heart transplants are the potential customers for its Thoratec and HeartMate products. The Company estimates that it sells into 293 of these centers. According to the Company's estimates, it is in approximately 149 centers in the United States and 144 centers internationally. Competition from medical device companies and medical device divisions of healthcare companies, pharmaceutical companies and gene- and cell-based therapies is intense and is expected to increase. It therefore continues to expect new competitors both from the pharmacological and the medical device space. Among the medical device competitors are Aachen Innovative Solutions GmbH, AbioMed, Inc., Berlin Heart GmbH, HeartWare International Inc., Jarvik Heart, Inc., Maquet Cardiovascular, LLC (a division of Getinge AB), MicroMed Technology, Inc., Sun Medical Technology Research Corporation, SynCardia Systems, Inc., and Terumo Heart, Inc. All of the Company's proposed products will require regulatory approval prior to commercialization. In particular, medical devices are subject to rigorous pre-clinical testing as a condition of approval by the FDA and by similar authorities in foreign countries.

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