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Altera Corp  (NAS:ALTR) EV-to-EBIT: -0.20 (As of Today)

EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Altera Corp's Enterprise Value is $-85 Mil. Altera Corp's EBIT for the trailing twelve months (TTM) ended in Sep. 2015 was $424 Mil. Therefore, Altera Corp's EV-to-EBIT for today is -0.20.

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %. Altera Corp's Enterprise Value for the quarter that ended in Sep. 2015 was $14,540 Mil. Altera Corp's EBIT for the trailing twelve months (TTM) ended in Sep. 2015 was $424 Mil. Altera Corp's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2015 was 2.92%.


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

Altera Corp Annual Data

Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14
EV-to-EBIT Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 10.44 10.57 14.12 18.06 17.77

Altera Corp Quarterly Data

Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15
EV-to-EBIT 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 Premium Member Only Premium Member Only Premium Member Only 17.06 17.77 22.32 30.99 34.29

Competitive Comparison
* 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.


Calculation

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

EV-to-EBIT=Enterprise Value (Today)/EBIT (TTM)
=-84.790/423.99
=-0.20

Altera Corp's current Enterprise Value is $-85 Mil.
Altera Corp's EBIT for the trailing twelve months (TTM) ended in Sep. 2015 was 126.582 (Dec. 2014 ) + 112.123 (Mar. 2015 ) + 96.289 (Jun. 2015 ) + 88.996 (Sep. 2015 ) = $424 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's 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) %.

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

Earnings Yield (Joel Greenblatt) % (Q: Sep. 2015 =EBIT / Enterprise Value (Q: Sep. 2015 )
=423.99/14540.3458
=2.92 %

Altera Corp's Enterprise Value for the quarter that ended in >Sep. 2015 was $14,540 Mil.
Altera Corp's EBIT for the trailing twelve months (TTM) ended in Sep. 2015 was 126.582 (Dec. 2014 ) + 112.123 (Mar. 2015 ) + 96.289 (Jun. 2015 ) + 88.996 (Sep. 2015 ) = $424 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


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