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Varian Medical Systems Inc  (NYSE:VAR) EV-to-EBIT: 18.80 (As of Today)

EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Varian Medical Systems Inc's Enterprise Value is $9,719 Mil. Varian Medical Systems Inc's EBIT for the trailing twelve months (TTM) ended in Jun. 2017 was $517 Mil. Therefore, Varian Medical Systems Inc's EV-to-EBIT for today is 18.80.

NYSE:VAR' s EV-to-EBIT Range Over the Past 10 Years
Min: 6   Max: 26.75
Current: 26.65

6
26.75

During the past 13 years, the highest EV-to-EBIT of Varian Medical Systems Inc was 26.75. The lowest was 6.00. And the median was 11.90.

NYSE:VAR's EV-to-EBIT is ranked higher than
62% of the 179 Companies
in the Global industry.

( Industry Median: 23.37 vs. NYSE:VAR: 26.65 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %. Varian Medical Systems Inc's Enterprise Value for the quarter that ended in Jun. 2017 was $9,173 Mil. Varian Medical Systems Inc's EBIT for the trailing twelve months (TTM) ended in Jun. 2017 was $517 Mil. Varian Medical Systems Inc's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2017 was 5.64%.


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.

Varian Medical Systems Inc Annual Data

Sep08 Sep09 Sep10 Sep11 Sep12 Sep13 Sep14 Sep15 Sep16 Sep17
EV-to-EBIT Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 10.34 11.49 10.79 13.39 0.00

Varian Medical Systems Inc Quarterly Data

Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17
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 13.39 13.91 16.28 17.74 0.00

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

Varian Medical Systems Inc's EV-to-EBIT for today is calculated as:

EV-to-EBIT=Enterprise Value (Today)/EBIT (TTM)
=9719.160/517.1
=18.80

Varian Medical Systems Inc's current Enterprise Value is $9,719 Mil.
Varian Medical Systems Inc's EBIT for the trailing twelve months (TTM) ended in Jun. 2017 was 262.1 (Sep. 2016 ) + 43.3 (Dec. 2016 ) + 92.5 (Mar. 2017 ) + 119.2 (Jun. 2017 ) = $517 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) %.

Varian Medical Systems Inc's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2017 is calculated as:

Earnings Yield (Joel Greenblatt) % (Q: Jun. 2017 =EBIT / Enterprise Value (Q: Jun. 2017 )
=517.1/9172.623
=5.64 %

Varian Medical Systems Inc's Enterprise Value for the quarter that ended in >Jun. 2017 was $9,173 Mil.
Varian Medical Systems Inc's EBIT for the trailing twelve months (TTM) ended in Jun. 2017 was 262.1 (Sep. 2016 ) + 43.3 (Dec. 2016 ) + 92.5 (Mar. 2017 ) + 119.2 (Jun. 2017 ) = $517 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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