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GuruFocus has detected 3 Warning Signs with Digirad Corp $DRAD.
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Digirad Corp (NAS:DRAD)
EV-to-EBIT
37.80 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its Earnings Before Interest and Taxes (EBIT). As of today, Digirad Corp's enterprise value is $100.1 Mil. Digirad Corp's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2017 was $2.6 Mil. Therefore, Digirad Corp's EV/EBIT ratio for today is 37.80.

DRAD' s EV-to-EBIT Range Over the Past 10 Years
Min: -24.1   Max: 216.4
Current: 37.8

-24.1
216.4

During the past 13 years, the highest EV/EBIT Ratio of Digirad Corp was 216.40. The lowest was -24.10. And the median was -1.80.

DRAD's EV-to-EBIT is ranked lower than
69% of the 177 Companies
in the Global Medical Devices industry.

( Industry Median: 24.67 vs. DRAD: 37.80 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). Digirad Corp's enterprise value for the quarter that ended in Mar. 2017 was $124.1 Mil. Digirad Corp's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2017 was $2.6 Mil. Digirad Corp's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2017 was 2.13%.


Definition

Digirad Corp's EV/EBIT for today is calculated as:

EV/EBIT=Enterprise Value (Today)/Earnings Before Interest and Taxes (EBIT) (TTM)
=100.129/2.649
=37.80

Digirad Corp's current Enterprise Value is $100.1 Mil.
Digirad Corp's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2017 was 1.472 (Jun. 2016 ) + 0.261 (Sep. 2016 ) + 1.891 (Dec. 2016 ) + -0.975 (Mar. 2017 ) = $2.6 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).

Digirad Corp's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2017 is calculated as:

Earnings Yield (Joel Greenblatt) (Q: Mar. 2017 )=EBIT (TTM)/Enterprise Value (Q: Mar. 2017 )
=2.649/124.115
=2.13 %

Digirad Corp's Enterprise Value for the quarter that ended in Mar. 2017 was $124.1 Mil.
Digirad Corp's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2017 was 1.472 (Jun. 2016 ) + 0.261 (Sep. 2016 ) + 1.891 (Dec. 2016 ) + -0.975 (Mar. 2017 ) = $2.6 Mil.

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

Digirad Corp Annual Data

Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
ev2ebit -13.182.27120.66-1.34-2.03-2.40181.1523.6533.7838.55

Digirad Corp Quarterly Data

Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16Mar17
ev2ebit 23.6523.4619.7617.1833.7857.5250.6771.1638.5546.85
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