What is Allocate Software Earnings Yield (Joel Greenblatt) %?
Allocate Software's Enterprise Value for the quarter that ended in May. 2014 was £0.00 Mil.
Allocate Software's EBIT for the trailing twelve months (TTM) ended in May. 2014 was £2.92 Mil. Allocate Software's Earnings Yield (Joel Greenblatt) for the quarter that ended in May. 2014 was 4.83%.
The historical rank and industry rank for Allocate Software's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
LSE:ALLA'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 1.9 Med: 3.7 Max: 13.3
Current: 3.1
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Allocate Software was 13.30%. The lowest was 1.90%. And the median was 3.70%.
LSE:ALLA's Earnings Yield (Joel Greenblatt) % is not ranked
in the Software industry.
Industry Median: 1.19
vs LSE:ALLA: 3.10
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) %. Allocate Software's Forward Rate of Return (Yacktman) % for the quarter that ended in May. 2014 was 9.66%. 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.
Allocate Software Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Allocate Software'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.
Competitive Comparison of Allocate Software's Earnings Yield (Joel Greenblatt) %
For the Software - Application subindustry, Allocate Software'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.
Allocate Software's Earnings Yield (Joel Greenblatt) % Distribution in the Software Industry
For the Software industry and Technology sector, Allocate Software's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Allocate Software'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.
Allocate Softwares Earnings Yield (Joel Greenblatt) for the fiscal year that ended in May. 2014 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.
Allocate Software Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Allocate Software's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Allocate Software PLC is engaged in the development, sale and support of workforce management solutions, and the provision of related IT services to major healthcare, defence, government and commercial customers. The business of the company is focused principally on the Healthcare market in addition to Defence. Its segments are Licence, Subscriptions, Support, and Services. Licence and Subscriptions segments represent the sale of non-cancellable software licence agreements and subscriptions associated with that software. Support and Services segments represent the provision of installation, consulting, training and product support. It operates in UK, Europe, USA and Australia.
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