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Ningbo TIP Rubber Technology Co (SHSE:605255) EV-to-EBIT : 34.61 (As of Jun. 05, 2024)


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What is Ningbo TIP Rubber Technology Co EV-to-EBIT?

EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Ningbo TIP Rubber Technology Co's Enterprise Value is ¥1,477.8 Mil. Ningbo TIP Rubber Technology Co's EBIT for the trailing twelve months (TTM) ended in Mar. 2024 was ¥42.7 Mil. Therefore, Ningbo TIP Rubber Technology Co's EV-to-EBIT for today is 34.61.

The historical rank and industry rank for Ningbo TIP Rubber Technology Co's EV-to-EBIT or its related term are showing as below:

SHSE:605255' s EV-to-EBIT Range Over the Past 10 Years
Min: 20.97   Med: 43.23   Max: 79.28
Current: 35.61

During the past 8 years, the highest EV-to-EBIT of Ningbo TIP Rubber Technology Co was 79.28. The lowest was 20.97. And the median was 43.23.

SHSE:605255's EV-to-EBIT is ranked worse than
85.98% of 1063 companies
in the Vehicles & Parts industry
Industry Median: 11.94 vs SHSE:605255: 35.61

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %. Ningbo TIP Rubber Technology Co's Enterprise Value for the quarter that ended in Mar. 2024 was ¥1,998.0 Mil. Ningbo TIP Rubber Technology Co's EBIT for the trailing twelve months (TTM) ended in Mar. 2024 was ¥42.7 Mil. Ningbo TIP Rubber Technology Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 2.14%.


Ningbo TIP Rubber Technology Co EV-to-EBIT Historical Data

The historical data trend for Ningbo TIP Rubber Technology Co'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.

Ningbo TIP Rubber Technology Co EV-to-EBIT Chart

Ningbo TIP Rubber Technology Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EV-to-EBIT
Get a 7-Day Free Trial - 25.02 42.45 52.03 51.98

Ningbo TIP Rubber Technology Co 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 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 48.14 52.64 43.25 51.98 46.79

Competitive Comparison of Ningbo TIP Rubber Technology Co's EV-to-EBIT

For the Auto Parts subindustry, Ningbo TIP Rubber Technology Co'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.


Ningbo TIP Rubber Technology Co's EV-to-EBIT Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Ningbo TIP Rubber Technology Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Ningbo TIP Rubber Technology Co's EV-to-EBIT falls into.



Ningbo TIP Rubber Technology Co EV-to-EBIT Calculation

Ningbo TIP Rubber Technology Co's EV-to-EBIT for today is calculated as:

EV-to-EBIT=Enterprise Value (Today)/EBIT (TTM)
=1477.775/42.7
=34.61

Ningbo TIP Rubber Technology Co's current Enterprise Value is ¥1,477.8 Mil.
Ningbo TIP Rubber Technology Co'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 ¥42.7 Mil.

* 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.


Ningbo TIP Rubber Technology Co  (SHSE:605255) 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) %.

Ningbo TIP Rubber Technology Co'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 )
=42.7/1998.0062
=2.14 %

Ningbo TIP Rubber Technology Co's Enterprise Value for the quarter that ended in Mar. 2024 was ¥1,998.0 Mil.
Ningbo TIP Rubber Technology Co'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 ¥42.7 Mil.

* 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.


Ningbo TIP Rubber Technology Co EV-to-EBIT Related Terms

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Ningbo TIP Rubber Technology Co (SHSE:605255) Business Description

Traded in Other Exchanges
N/A
Address
No. 5, Jinlong Road, Taoyuan Street, Ninghai County, Zhejiang Province, Ningbo, CHN, 315600
Ningbo TIP Rubber Technology Co Ltd is engaged in production and sales of automotive polymer fluid piping system and sealing system parts and assemblies. The company's products include Water hose; Fuel hose; Moulded part; Assembly; Rubber compound; metal processing / plastic part; and Hydraulic hose.

Ningbo TIP Rubber Technology Co (SHSE:605255) Headlines

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