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GuruFocus has detected 1 Warning Sign with Pixelworks Inc $PXLW.
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Pixelworks Inc (NAS:PXLW)
EV-to-EBIT
82.23 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its Earnings Before Interest and Taxes (EBIT). As of today, Pixelworks Inc's enterprise value is $122.27 Mil. Pixelworks Inc's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2017 was $1.49 Mil. Therefore, Pixelworks Inc's EV/EBIT ratio for today is 82.23.

PXLW' s EV-to-EBIT Range Over the Past 10 Years
Min: -75.1   Max: 109.3
Current: 82.24

-75.1
109.3

During the past 13 years, the highest EV/EBIT Ratio of Pixelworks Inc was 109.30. The lowest was -75.10. And the median was -4.10.

PXLW's EV-to-EBIT is ranked lower than
92% of the 583 Companies
in the Global Semiconductors industry.

( Industry Median: 18.38 vs. PXLW: 82.24 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). Pixelworks Inc's enterprise value for the quarter that ended in Mar. 2017 was $118.02 Mil. Pixelworks Inc's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2017 was $1.49 Mil. Pixelworks Inc's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2017 was 1.26%.


Definition

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

EV/EBIT=Enterprise Value (Today)/Earnings Before Interest and Taxes (EBIT) (TTM)
=122.270/1.487
=82.23

Pixelworks Inc's current Enterprise Value is $122.27 Mil.
Pixelworks Inc's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2017 was -1.336 (Jun. 2016 ) + -0.96 (Sep. 2016 ) + 0.436 (Dec. 2016 ) + 3.347 (Mar. 2017 ) = $1.49 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).

Pixelworks Inc'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 )
=1.487/118.0164
=1.26 %

Pixelworks Inc's Enterprise Value for the quarter that ended in Mar. 2017 was $118.02 Mil.
Pixelworks Inc's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2017 was -1.336 (Jun. 2016 ) + -0.96 (Sep. 2016 ) + 0.436 (Dec. 2016 ) + 3.347 (Mar. 2017 ) = $1.49 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.

Pixelworks Inc Annual Data

Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
ev2ebit -2.510.966.40-4.64-4.77-4.76-10.85-10.16-4.42-5.94

Pixelworks Inc Quarterly Data

Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16Mar17
ev2ebit -10.16-10.78-12.42-7.76-4.42-2.76-2.46-4.63-5.9479.37
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