Erayak Power Solution Group (Erayak Power Solution Group) EV-to-EBIT : 2.95 (As of May. 10, 2024)

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What is Erayak Power Solution Group EV-to-EBIT?

EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Erayak Power Solution Group's Enterprise Value is $5.61 Mil. Erayak Power Solution Group's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was $1.90 Mil. Therefore, Erayak Power Solution Group's EV-to-EBIT for today is 2.95.

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

RAYA' s EV-to-EBIT Range Over the Past 10 Years
Min: 1.55 Med: 3.78 Max: 10.23
Current: 2.95

During the past 5 years, the highest EV-to-EBIT of Erayak Power Solution Group was 10.23. The lowest was 1.55. And the median was 3.78.

RAYA's EV-to-EBIT is ranked better than
94.63% of 2364 companies
in the Industrial Products industry
Industry Median: 17.155 vs RAYA: 2.95

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %. Erayak Power Solution Group's Enterprise Value for the quarter that ended in Dec. 2023 was $9.99 Mil. Erayak Power Solution Group's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was $1.90 Mil. Erayak Power Solution Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 19.06%.

Erayak Power Solution Group EV-to-EBIT Historical Data

The historical data trend for Erayak Power Solution Group'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.

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Erayak Power Solution Group EV-to-EBIT Chart

Erayak Power Solution Group Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

EV-to-EBIT

6.47

5.25

Erayak Power Solution Group Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
EV-to-EBIT	Get a 7-Day Free Trial				-	-	6.47	-	5.25

Competitive Comparison of Erayak Power Solution Group's EV-to-EBIT

For the Electrical Equipment & Parts subindustry, Erayak Power Solution Group'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.

Erayak Power Solution Group's EV-to-EBIT Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Erayak Power Solution Group's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Erayak Power Solution Group's EV-to-EBIT falls into.

Erayak Power Solution Group EV-to-EBIT Calculation

Erayak Power Solution Group's EV-to-EBIT for today is calculated as:

EV-to-EBIT	=	Enterprise Value (Today)	/	EBIT (TTM)
	=	5.605	/	1.903
	=	2.95

Erayak Power Solution Group's current Enterprise Value is $5.61 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Erayak Power Solution Group's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was $1.90 Mil.

Erayak Power Solution Group (NAS:RAYA) 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) %.

Erayak Power Solution Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

Earnings Yield (Joel Greenblatt) % (Q: Dec. 2023 )	=	EBIT	/	Enterprise Value (Q: Dec. 2023 )
	=	1.903	/	9.986
	=	19.06 %

Erayak Power Solution Group's Enterprise Value for the quarter that ended in Dec. 2023 was $9.99 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Erayak Power Solution Group's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was $1.90 Mil.

Erayak Power Solution Group EV-to-EBIT Related Terms

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Erayak Power Solution Group (Erayak Power Solution Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Erayak Power Solution Group Inc (NAS:RAYA) » Definitions » EV-to-EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 528, 4th Avenue, Binhai Industrial Park, Zhejiang Province, Wenzhou, CHN, 325025

Website

https://www.erayakpower.com

Erayak Power Solution Group Inc engages in manufacturing, research and development, and wholesale and retail of power solution products. Its product portfolio includes sine wave and off-grid inverters, inverter and gasoline generators, battery, and smart chargers, and custom-designed products. It derives the majority revenue from three products namely inverters, chargers, and gasoline generators.