American Green (American Green) Earnings Yield (Joel Greenblatt) % : 0.00% (As of Jun. 2023)

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What is American Green Earnings Yield (Joel Greenblatt) %?

American Green's Enterprise Value for the quarter that ended in Jun. 2023 was $0.00 Mil. American Green does not have enough years/quarters to calculate its EBIT for the trailing twelve months (TTM) ended in Jun. 2023. Therefore, GuruFocus does not calculate American Green's Earnings Yield (Joel Greenblatt) at this moment.

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

ERBB' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -2.06 Med: 0 Max: 0
Current: -1.89

ERBB's Earnings Yield (Joel Greenblatt) % is ranked worse than
66.88% of 1093 companies
in the Drug Manufacturers industry
Industry Median: 2.49 vs ERBB: -1.89

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) %. American Green's Forward Rate of Return (Yacktman) % for the quarter that ended in Jun. 2023 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.

American Green Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for American Green'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.

* Premium members only.

American Green Earnings Yield (Joel Greenblatt) % Chart

American Green Annual Data

Trend

Jun22

Jun23

Earnings Yield (Joel Greenblatt) %

American Green Semi-Annual Data
	Jun22	Jun23
Earnings Yield (Joel Greenblatt) %	-	-

Competitive Comparison of American Green's Earnings Yield (Joel Greenblatt) %

For the Drug Manufacturers - Specialty & Generic subindustry, American Green'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.

American Green's Earnings Yield (Joel Greenblatt) % Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, American Green's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

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

American Green 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.

American Greens Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Jun. 2023 is calculated as

Earnings Yield (Joel Greenblatt)	=	EBIT	/	Enterprise Value
	=	-0.471	/	0
	=	%

American Green (OTCPK:ERBB) 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.

American Green Earnings Yield (Joel Greenblatt) % Related Terms

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American Green (American Green) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » American Green Inc (OTCPK:ERBB) » Definitions » Earnings Yield (Joel Greenblatt) %

Comparable Companies

Traded in Other Exchanges

N/A

Address

30 N Gould Street, Suite R, Sheridan, WY, USA, 82801

Website

https://www.americangreen.com

American Green Inc is a technology company in the medical cannabis industry. It is involved in the business of developing a cultivation facility in Phoenix Arizona for medical marijuana and also owns proprietary dispensing machines and all rights to a line of health supplements.