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Hitek Global (Hitek Global) EV-to-EBIT : 1.74 (As of May. 11, 2024)


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What is Hitek Global EV-to-EBIT?

EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Hitek Global's Enterprise Value is $3.32 Mil. Hitek Global's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was $1.91 Mil. Therefore, Hitek Global's EV-to-EBIT for today is 1.74.

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

HKIT' s EV-to-EBIT Range Over the Past 10 Years
Min: -4.19   Med: 8.18   Max: 159.38
Current: 1.74

During the past 7 years, the highest EV-to-EBIT of Hitek Global was 159.38. The lowest was -4.19. And the median was 8.18.

HKIT's EV-to-EBIT is ranked better than
94.44% of 1654 companies
in the Software industry
Industry Median: 17.825 vs HKIT: 1.74

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %. Hitek Global's Enterprise Value for the quarter that ended in Dec. 2023 was $-0.43 Mil. Hitek Global's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was $1.91 Mil. Hitek Global's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -446.86%.

Hitek Global EV-to-EBIT Historical Data

The historical data trend for Hitek Global'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.

Hitek Global EV-to-EBIT Chart

Hitek Global Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EV-to-EBIT
Get a 7-Day Free Trial - - - - -0.22

Hitek Global Semi-Annual Data
Dec17 Jun18 Dec18 Jun19 Dec19 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
EV-to-EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - - -0.22

Competitive Comparison of Hitek Global's EV-to-EBIT

For the Software - Application subindustry, Hitek Global'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.

Hitek Global's EV-to-EBIT Distribution in the Software Industry

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

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


Hitek Global EV-to-EBIT Calculation

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

EV-to-EBIT=Enterprise Value (Today)/EBIT (TTM)
=3.315/1.908
=1.74

Hitek Global's current Enterprise Value is $3.32 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Hitek Global's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was $1.91 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.

Hitek Global  (NAS:HKIT) 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) %.

Hitek Global'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 )
=1.908/-0.42698
=-446.86 %

Hitek Global's Enterprise Value for the quarter that ended in Dec. 2023 was $-0.43 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Hitek Global's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was $1.91 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.

Hitek Global EV-to-EBIT Related Terms

Thank you for viewing the detailed overview of Hitek Global's EV-to-EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.

Hitek Global (Hitek Global) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » Hitek Global Inc (NAS:HKIT) » Definitions » EV-to-EBIT
Comparable Companies
SSNT EBZT INLX NOWG WBSR BMR MTBL TSRI CXAI PALT CRM XTER:SAP INTU NOW UBER CDNS SHOP WDAY XPAR:DSY ROP
Traded in Other Exchanges
4JX:Germany
Address
No. 30 Guanri Road, Siming District, Unit 304, Fujian Province, Phase II, Software Park, Xiamen, CHN
Website
http://www.xmhitek.com
Hitek Global Inc is a provider of information technology consulting and solutions services. The company has two lines of businesses such as services to small and medium businesses, which consist of Anti-Counterfeiting Tax Control System tax devices, including Golden Tax Disk and printers, ACTCS services, and IT services; and services to large businesses, which include hardware sales and software sales. It generates revenues from hardware sales, software sales, IT services, and tax devices and services.