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Aptevo Therapeutics's Enterprise Value for the quarter that ended in Mar. 2024 was $-1.88 Mil. Aptevo Therapeutics's EBIT for the trailing twelve months (TTM) ended in Mar. 2024 was $-28.11 Mil. Aptevo Therapeutics's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2024 was 1,428.57%.
The historical rank and industry rank for Aptevo Therapeutics's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
During the past 11 years, the highest Earnings Yield (Joel Greenblatt) of Aptevo Therapeutics was 15456.96%. The lowest was -149451.97%. And the median was -80.46%.
Joel Greenblatt's definition of earnings yield has the same problems the regular earnings yield does. It does not consider the growth of the company. It only looks at one-year's business operation. For cyclical companies, the earnings yield is usually highest at the peak of the business cycle. But these earnings are rarely sustainable.
A better indicator of the attractiveness of an investment which takes growth into account is the Forward Rate of Return (Yacktman) %. Aptevo Therapeutics's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 2024 was 0.00%. The Forward Rate of Return uses the normalized Free Cash Flow of the past seven years, and considers growth. The forward rate of return can be thought of as the return that investors buying the stock today can expect from it in the future.
The historical data trend for Aptevo Therapeutics's Earnings Yield (Joel Greenblatt) % 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.
Aptevo Therapeutics Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Earnings Yield (Joel Greenblatt) % | Get a 7-Day Free Trial | -101.01 | -18.45 | -208.33 | -1,428.57 | 357.14 |
Aptevo Therapeutics Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Earnings Yield (Joel Greenblatt) % | Get a 7-Day Free Trial | 666.67 | 714.29 | 344.83 | 357.14 | 1,428.57 |
For the Biotechnology subindustry, Aptevo Therapeutics's Earnings Yield (Joel Greenblatt) %, along with its competitors' market caps and Earnings Yield (Joel Greenblatt) % 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.
For the Biotechnology industry and Healthcare sector, Aptevo Therapeutics's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Aptevo Therapeutics's Earnings Yield (Joel Greenblatt) % falls into.
In his book, The Little That Beat the Market, hedge fund manager Joel Greenblatt defines Earnings Yield as operating income divided by enterprise value.
Aptevo Therapeuticss Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as
Earnings Yield (Joel Greenblatt) | = | EBIT | / | Enterprise Value |
= | -28.878 | / | -7.98224856 | |
= | 361.78 % |
Aptevo Therapeutics'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 $-28.11 Mil.
Aptevo Therapeutics (NAS:APVO) Earnings Yield (Joel Greenblatt) % Explanation
Joel Greenblatt defines the earnings yield using the above equation because it more accurately reflects the company's profitability relative to its stock price. Items like interest payment and tax etc. are not directly related to the company's operational profitability.
Enterprise Value instead of market cap (share price) is used in the calculation because it is the real price stock and bond investors together pay for the company.
Be Aware
Joel Greenblatt's definition of earnings yield has the same problems the regular earnings yield does. It does not consider the growth of the company. It only looks at one-year's business operation. For cyclical companies, the earnings yield is usually highest at the peak of the business cycle. But these earnings are rarely sustainable.
Forward Rate of Return (Yacktman) % based on Don Yacktman's definition is a better measure of the expected rate of return for a stock.
Thank you for viewing the detailed overview of Aptevo Therapeutics's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Daphne Taylor | officer: SVP, CFO | 3303 MONTE VILLA PARKWAY, BOTHELL WA 98021 |
Kevin C Tang | 10 percent owner | 4747 EXECUTIVE DRIVE, SUITE 210, SAN DIEGO CA 92121 |
Soyoung Kwon | officer: See Remarks | APTEVO THERAPEUTICS INC., 2401 4TH AVENUE, SUITE 1050, SEATTLE WA 98121 |
Tang Capital Management Llc | 10 percent owner | 4747 EXECUTIVE DRIVE, SUITE 210, SAN DIEGO CA 92121 |
Tang Capital Partners Lp | 10 percent owner | 4747 EXECUTIVE DRIVE, SUITE 210, SAN DIEGO CA 92121 |
Randy Joe Maddux | officer: Senior VP, Operations | 2401 4TH AVENUE, SUITE #1050, SEATTLE WA 98121 |
Fuad El-hibri | director | 2273 RESEARCH BLVD, SUITE 400, ROCKVILLE MD 20850 |
Daniel Abdun-nabi | director | 400 PROFESSIONAL DRIVE, SUITE 400, GAITHERSBURG MD 20879 |
Marvin L White | director, officer: President and CEO | 2273 RESEARCH BLVD, SUITE 400, ROCKVILLE MD 20850 |
Barbara Lopez Kunz | director | 2401 4TH AVENUE, SUITE 1050, SEATTLE WA 98121 |
Zsolt Harsanyi | director | 2273 RESEARCH BLVD., SUITE 400, ROCKVILLE MD 20850 |
Grady Iii Grant | director | 2401 4TH AVENUE, SUITE 1050, SEATTLE WA 98121 |
Shawnte Mitchell | officer: SVP, GC and Corporate Affairs | 5959 HORTON STREET, SUITE 500, EMERYVILLE CA 94608 |
Michael Adelman | officer: SVP, Commercial Operations | 2401 4TH AVENUE, SUITE 1050, SEATTLE WA 98121 |
Jane A Gross | officer: See Remarks | 2401 4TH AVENUE, SUITE 1050, SEATTLE WA 98121 |
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