Flex (FRA:FXI) EV-to-EBIT : 11.00 (As of May. 05, 2024)

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What is Flex EV-to-EBIT?

EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Flex's Enterprise Value is €12,142 Mil. Flex's EBIT for the trailing twelve months (TTM) ended in Mar. 2024 was €1,104 Mil. Therefore, Flex's EV-to-EBIT for today is 11.00.

The historical rank and industry rank for Flex's EV-to-EBIT or its related term are showing as below:

FRA:FXI' s EV-to-EBIT Range Over the Past 10 Years
Min: 5.64 Med: 10.84 Max: 115.75
Current: 10.92

During the past 13 years, the highest EV-to-EBIT of Flex was 115.75. The lowest was 5.64. And the median was 10.84.

FRA:FXI's EV-to-EBIT is ranked better than
67.45% of 1705 companies
in the Hardware industry
Industry Median: 16.3 vs FRA:FXI: 10.92

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %. Flex's Enterprise Value for the quarter that ended in Mar. 2024 was €12,251 Mil. Flex's EBIT for the trailing twelve months (TTM) ended in Mar. 2024 was €1,104 Mil. Flex's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 9.01%.

Flex EV-to-EBIT Historical Data

The historical data trend for Flex's EV-to-EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Flex EV-to-EBIT Chart

Flex Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

EV-to-EBIT

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10.15

9.45

6.71

7.45

15.27

Flex Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
EV-to-EBIT	Get a 7-Day Free Trial															7.45	9.04	8.01	8.61	15.27

Competitive Comparison of Flex's EV-to-EBIT

For the Electronic Components subindustry, Flex's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* 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. Note that "N/A" values will not show up in the chart.

Flex's EV-to-EBIT Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Flex's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Flex's EV-to-EBIT falls into.

Flex EV-to-EBIT Calculation

Flex's EV-to-EBIT for today is calculated as:

EV-to-EBIT	=	Enterprise Value (Today)	/	EBIT (TTM)
	=	12141.600	/	1103.764
	=	11.00

Flex's current Enterprise Value is €12,142 Mil.
Flex's EBIT for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €1,104 Mil.

Flex (FRA:FXI) EV-to-EBIT Explanation

This is a more accurate valuation of companies' operation because it considers 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) %.

Flex's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

Earnings Yield (Joel Greenblatt) % (Q: Mar. 2024 )	=	EBIT	/	Enterprise Value (Q: Mar. 2024 )
	=	1103.764	/	12251.4269
	=	9.01 %

Flex's Enterprise Value for the quarter that ended in Mar. 2024 was €12,251 Mil.
Flex's EBIT for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €1,104 Mil.

Flex EV-to-EBIT Related Terms

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Flex (FRA:FXI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Flex Ltd (FRA:FXI) » Definitions » EV-to-EBIT

Comparable Companies

Traded in Other Exchanges

FLEX:USA FLEX:Mexico

Address

2 Changi South Lane, Singapore, SGP, 486123

Website

https://www.flex.com

Flex Ltd is a contract manufacturing company providing comprehensive electronics design, manufacturing, and product management services to global electronics and technology companies. The company's operating segments include Flex Agility Solutions (FAS), Flex Reliability Solutions (FRS), and Nextracker. Flex Agility Solutions segment includes markets such as Communications, Enterprise and Cloud; Lifestyle; and Consumer Devices. Flex Reliability Solutions segment includes markets such as Automotive, Health Solutions, and Industrial. The Nextracker segment provides solar tracker technologies that optimize and increase energy production. The company's geographical segments include China, Mexico, the United States, Brazil, Malaysia, Hungary, and Others.