Measurement Specialties (FRA:MEG) Earnings Yield (Joel Greenblatt) % : 2.71% (As of Jun. 2014)

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What is Measurement Specialties Earnings Yield (Joel Greenblatt) %?

Measurement Specialties's Enterprise Value for the quarter that ended in Jun. 2014 was €1,137.5 Mil. Measurement Specialties's EBIT for the trailing twelve months (TTM) ended in Jun. 2014 was €30.4 Mil. Measurement Specialties's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2014 was 2.71%.

The historical rank and industry rank for Measurement Specialties's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:

FRA:MEG' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 0.6 Med: 5.8 Max: 30
Current: 2.7

During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Measurement Specialties was 30.00%. The lowest was 0.60%. And the median was 5.80%.

FRA:MEG's Earnings Yield (Joel Greenblatt) % is not ranked
in the Hardware industry.
Industry Median: 3.165 vs FRA:MEG: 2.70

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) %. Measurement Specialties's Forward Rate of Return (Yacktman) % for the quarter that ended in Jun. 2014 was 25.04%. 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.

Measurement Specialties Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for Measurement Specialties'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.

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Measurement Specialties Earnings Yield (Joel Greenblatt) % Chart

Measurement Specialties Annual Data

Trend

Mar05

Mar06

Mar07

Mar08

Mar09

Mar10

Mar11

Mar12

Mar13

Mar14

Earnings Yield (Joel Greenblatt) %

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3.31

6.46

6.13

5.96

4.33

Measurement Specialties Quarterly Data
	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14
Earnings Yield (Joel Greenblatt) %	Get a 7-Day Free Trial															4.98	4.52	4.49	4.33	2.71

Competitive Comparison of Measurement Specialties's Earnings Yield (Joel Greenblatt) %

For the Scientific & Technical Instruments subindustry, Measurement Specialties'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.

Measurement Specialties's Earnings Yield (Joel Greenblatt) % Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Measurement Specialties's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Measurement Specialties's Earnings Yield (Joel Greenblatt) % falls into.

Measurement Specialties Earnings Yield (Joel Greenblatt) % Calculation

In his book, The Little That Beat the Market, hedge fund manager Joel Greenblatt defines Earnings Yield as operating income divided by enterprise value.

Measurement Specialtiess Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Mar. 2014 is calculated as

Earnings Yield (Joel Greenblatt)	=	EBIT	/	Enterprise Value
	=	36.173	/	772.86738
	=	4.68 %

Measurement Specialties's EBIT for the trailing twelve months (TTM) ended in Jun. 2014 adds up the quarterly data reported by the company within the most recent 12 months, which was €30.4 Mil.

Measurement Specialties (FRA:MEG) 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

Forward Rate of Return (Yacktman) % based on Don Yacktman's definition is a better measure of the expected rate of return for a stock.

Measurement Specialties Earnings Yield (Joel Greenblatt) % Related Terms

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Measurement Specialties (FRA:MEG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Measurement Specialties Inc (FRA:MEG) » Definitions » Earnings Yield (Joel Greenblatt) %

Traded in Other Exchanges

N/A

Address

Website

http://www.meas-spec.com

Measurement Specialties, Inc. is a New Jersey corporation organized in 1981. The Company is engaged in the design, development and manufacture of sensors and sensor-based systems for original equipment manufacturers (OEM) and end users, based on a broad portfolio of proprietary technology and typically characterized by the MEAS brand name. The Company is a multi-national corporation with fifteen main manufacturing facilities strategically located in the United States, China and Europe, enabling the Company to produce and market an array of sensors that use advanced technologies to measure precise ranges of physical characteristics. These sensors are used for engine and vehicle, medical, general industrial, consumer and home appliance, military/aerospace, and test and measurement applications. The Company's products include sensors for measuring pressure, linear/rotary position, force, torque, piezoelectric polymer film sensors, custom microstructures, load cells, vibrations and acceleration, optical absorption, humidity, gas concentration, gas flow rate, temperature, fluid properties and fluid level. The Company's advanced technologies include piezoresistive silicon, polymer and ceramic piezoelectric materials, application specific integrated circuits, micro-electromechanical systems ('MEMS'), foil strain gauges, electromagnetic force balance systems, fluid capacitive devices, linear and rotational variable differential transformers, anisotropic magneto-resistive devices, electromagnetic displacement sensors, hygroscopic capacitive structures, ultrasonic measurement systems, optical measurement systems, negative thermal coefficient ('NTC') ceramic sensors, 3-6 DOF (degree of freedom) force/torque structures, complex mechanical resonators, magnetic reed switches, high frequency multipoint scanning algorithms, and high precision submersible hydrostatic level detection. The Company's competitors include small independent companies and divisions of large corporations such as Danaher, General Electric, Schneider-Electric and Honeywell.