Gyrodyne LLC's Enterprise Value for the quarter that ended in Dec. 2023 was $12.25 Mil.
Gyrodyne LLC's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was $0.00 Mil. Gyrodyne LLC's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was 0.00%.
The historical rank and industry rank for Gyrodyne LLC's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Gyrodyne LLC was 1944.46%. The lowest was -62.91%. And the median was -11.31%.
GYRO's Earnings Yield (Joel Greenblatt) % is not ranked *
in the Real Estate industry.
Industry Median: 4.28 * 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) %. Gyrodyne LLC's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 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.
Gyrodyne LLC Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Gyrodyne LLC'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.
Gyrodyne LLC Annual Data
Trend
Apr06
Dec07
Dec10
Dec11
Dec12
Dec13
Dec14
Dec21
Dec22
Dec23
Earnings Yield (Joel Greenblatt) %
-41.15
-9.92
-
-
-
Gyrodyne LLC Semi-Annual Data
Apr98
Apr99
Apr00
Apr01
Apr02
Apr03
Apr04
Apr05
Apr06
Dec07
Dec08
Dec09
Dec10
Dec11
Dec12
Dec13
Dec14
Dec21
Dec22
Dec23
Earnings Yield (Joel Greenblatt) %
-41.15
-9.92
-
-
-
Competitive Comparison
For the Real Estate Services subindustry, Gyrodyne LLC'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.
Gyrodyne LLC Earnings Yield (Joel Greenblatt) % Distribution
For the Real Estate industry and Real Estate sector, Gyrodyne LLC's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Gyrodyne LLC'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.
Gyrodyne LLCs Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as
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.
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.
Gyrodyne LLC Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Gyrodyne LLC's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Gyrodyne LLC is a United States-based limited liability company. It operates in the ownership and management of industrial and medical office buildings segment. The company leases and manages various commercial properties such as medical offices and industrial properties. The properties owned by the company include Cortlandt Manor and Flowerfield.
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