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GuruFocus has detected 4 Warning Signs with KLA-Tencor Corp $KLAC.
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KLA-Tencor Corp (NAS:KLAC)
EV-to-EBIT
12.56 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its Earnings Before Interest and Taxes (EBIT). As of today, KLA-Tencor Corp's enterprise value is $16,318 Mil. KLA-Tencor Corp's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2017 was $1,299 Mil. Therefore, KLA-Tencor Corp's EV/EBIT ratio for today is 12.56.

KLAC' s EV-to-EBIT Range Over the Past 10 Years
Min: -704.6   Max: 34.5
Current: 12.56

-704.6
34.5

During the past 13 years, the highest EV/EBIT Ratio of KLA-Tencor Corp was 34.50. The lowest was -704.60. And the median was 11.10.

KLAC's EV-to-EBIT is ranked higher than
72% of the 830 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 19.23 vs. KLAC: 12.56 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). KLA-Tencor Corp's enterprise value for the quarter that ended in Mar. 2017 was $15,154 Mil. KLA-Tencor Corp's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2017 was $1,299 Mil. KLA-Tencor Corp's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2017 was 8.57%.


Definition

KLA-Tencor Corp's EV/EBIT for today is calculated as:

EV/EBIT=Enterprise Value (Today)/Earnings Before Interest and Taxes (EBIT) (TTM)
=16317.903/1299.418
=12.56

KLA-Tencor Corp's current Enterprise Value is $16,318 Mil.
KLA-Tencor Corp's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2017 was 359.376 (Jun. 2016 ) + 252.952 (Sep. 2016 ) + 337.469 (Dec. 2016 ) + 349.621 (Mar. 2017 ) = $1,299 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).

KLA-Tencor 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 )
=1299.418/15154.4862
=8.57 %

KLA-Tencor Corp's Enterprise Value for the quarter that ended in Mar. 2017 was $15,154 Mil.
KLA-Tencor Corp's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2017 was 359.376 (Jun. 2016 ) + 252.952 (Sep. 2016 ) + 337.469 (Dec. 2016 ) + 349.621 (Mar. 2017 ) = $1,299 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.

KLA-Tencor Corp Annual Data

Jun07Jun08Jun09Jun10Jun11Jun12Jun13Jun14Jun15Jun16
ev2ebit 13.0911.02-6.6811.274.706.259.4612.1917.9112.22

KLA-Tencor Corp Quarterly Data

Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16Mar17
ev2ebit 21.3719.8617.9114.7014.9714.7412.2210.6810.6511.66
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