Layne Christensen Co (Layne Christensen Co) Earnings Yield (Joel Greenblatt) % : 1.85% (As of Apr. 2018)

Layne Christensen Co Earnings Yield (Joel Greenblatt) % Chart

Layne Christensen Co Annual Data
	Trend	Jan09	Jan10	Jan11	Jan12	Jan13	Jan14	Jan15	Jan16	Jan17	Jan18
Earnings Yield (Joel Greenblatt) %		Get a 7-Day Free Trial					-10.82	-19.84	-14.66	-9.59	0.33

Layne Christensen Co Quarterly Data
	Jul13	Oct13	Jan14	Apr14	Jul14	Oct14	Jan15	Apr15	Jul15	Oct15	Jan16	Apr16	Jul16	Oct16	Jan17	Apr17	Jul17	Oct17	Jan18	Apr18
Earnings Yield (Joel Greenblatt) %	Get a 7-Day Free Trial															-9.35	-5.95	-4.72	0.33	1.85

Competitive Comparison of Layne Christensen Co's Earnings Yield (Joel Greenblatt) %

For the Engineering & Construction subindustry, Layne Christensen Co'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.

Layne Christensen Co's Earnings Yield (Joel Greenblatt) % Distribution in the Construction Industry

For the Construction industry and Industrials sector, Layne Christensen Co's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Layne Christensen Co's Earnings Yield (Joel Greenblatt) % falls into.

Layne Christensen Co 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.

Layne Christensen Cos Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Jan. 2018 is calculated as

Layne Christensen Co's EBIT for the trailing twelve months (TTM) ended in Apr. 2018 adds up the quarterly data reported by the company within the most recent 12 months, which was $8.3 Mil.

Layne Christensen Co  (NAS:LAYN) 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.

Layne Christensen Co Earnings Yield (Joel Greenblatt) % Related Terms

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Layne Christensen Co (Layne Christensen Co) Business Description