The historical rank and industry rank for Capital Realty III Investors Partnership's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
XXGGD's Earnings Yield (Joel Greenblatt) % is not ranked *
in the Real Estate industry.
Industry Median: 4.17 * Ranked among companies with meaningful Earnings Yield (Joel Greenblatt) % only.
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) %. Capital Realty III Investors Partnership's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2012 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.
Capital Realty III Investors Partnership Earnings Yield (Joel Greenblatt) % Historical Data
* 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.
Capital Realty III Investors Partnership Earnings Yield (Joel Greenblatt) % Chart
Capital Realty III Investors Partnership Annual Data
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Capital Realty III Investors Partnership Semi-Annual Data
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Competitive Comparison of Capital Realty III Investors Partnership's Earnings Yield (Joel Greenblatt) %
For the Real Estate Services subindustry, Capital Realty III Investors Partnership'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.
Capital Realty III Investors Partnership's Earnings Yield (Joel Greenblatt) % Distribution in the Real Estate Industry
For the Real Estate industry and Real Estate sector, Capital Realty III Investors Partnership's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Capital Realty III Investors Partnership's Earnings Yield (Joel Greenblatt) % falls into.
Capital Realty III Investors Partnership 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.
For company reported semi-annually or annually, GuruFocus only calculate annual data for Earnings Yield (Joel Greenblatt) and apply the annual figure to corresponding quarter.
Capital Realty III Investors Partnership (OTCPK:XXGGD) 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.
Capital Realty III Investors Partnership Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Capital Realty III Investors Partnership's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Capital Realty III Investors Partnership (Capital Realty III Investors Partnership) Business Description
Capital Realty III Investors Ltd Partnership is a limited partnership which was formed under the Maryland Revised Uniform Limited Partnership Act on June 27, 1983. The General Partners of the Partnership are C.R.I., Inc. ('CRI'), which is the Managing General Partner and current and former shareholders of CRI. The Partnership was formed to invest in real estate, which is the Partnership's principal business activity, by acquiring and holding limited partner interests in limited partnerships ('Local Partnerships'). As a result of its investment in the Local Partnerships, the Partnership became the principal limited partner in 31 Local Partnerships. In another six Local Partnerships, the Partnership invested as a limited partner in intermediary partnerships which, in turn, invested as general partners in the Local Partnerships.
Capital Realty III Investors Partnership (Capital Realty III Investors Partnership) Headlines
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