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GuruFocus has detected 2 Warning Signs with Mitcham Industries Inc $MIND.
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Mitcham Industries Inc (NAS:MIND)
EV-to-EBIT
-2.05 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its Earnings Before Interest and Taxes (EBIT). As of today, Mitcham Industries Inc's enterprise value is $62.87 Mil. Mitcham Industries Inc's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jan. 2017 was $-30.69 Mil. Therefore, Mitcham Industries Inc's EV/EBIT ratio for today is -2.05.

MIND' s EV-to-EBIT Range Over the Past 10 Years
Min: -11.8   Max: 185.9
Current: -2.03

-11.8
185.9

During the past 13 years, the highest EV/EBIT Ratio of Mitcham Industries Inc was 185.90. The lowest was -11.80. And the median was 11.40.

MIND's EV-to-EBIT is ranked lower than
99.99% of the 2054 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 16.00 vs. MIND: -2.03 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). Mitcham Industries Inc's enterprise value for the quarter that ended in Jan. 2017 was $69.52 Mil. Mitcham Industries Inc's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jan. 2017 was $-30.69 Mil. Mitcham Industries Inc's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jan. 2017 was -44.14%.


Definition

Mitcham Industries Inc's EV/EBIT for today is calculated as:

EV/EBIT=Enterprise Value (Today)/Earnings Before Interest and Taxes (EBIT) (TTM)
=62.869/-30.686
=-2.05

Mitcham Industries Inc's current Enterprise Value is $62.87 Mil.
Mitcham Industries Inc's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Jan. 2017 was -6.331 (Apr. 2016 ) + -8.315 (Jul. 2016 ) + -7.734 (Oct. 2016 ) + -8.306 (Jan. 2017 ) = $-30.69 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).

Mitcham Industries Inc's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jan. 2017 is calculated as:

Earnings Yield (Joel Greenblatt) (Q: Jan. 2017 )=EBIT (TTM)/Enterprise Value (Q: Jan. 2017 )
=-30.686/69.5204
=-44.14 %

Mitcham Industries Inc's Enterprise Value for the quarter that ended in Jan. 2017 was $69.52 Mil.
Mitcham Industries Inc's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Jan. 2017 was -6.331 (Apr. 2016 ) + -8.315 (Jul. 2016 ) + -7.734 (Oct. 2016 ) + -8.306 (Jan. 2017 ) = $-30.69 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.

Mitcham Industries Inc Annual Data

Jan08Jan09Jan10Jan11Jan12Jan13Jan14Jan15Jan16Jan17
ev2ebit 8.882.9264.9016.107.9313.3431.67-9.58-1.84-2.27

Mitcham Industries Inc Quarterly Data

Oct14Jan15Apr15Jul15Oct15Jan16Apr16Jul16Oct16Jan17
ev2ebit 39.08-9.58-4.90-3.10-2.37-1.84-1.86-1.68-1.43-2.27
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