What is Inteliquent Earnings Yield (Joel Greenblatt) %?
Inteliquent's Enterprise Value for the quarter that ended in Sep. 2016 was $435.1 Mil.
Inteliquent's EBIT for the trailing twelve months (TTM) ended in Sep. 2016 was $57.5 Mil. Inteliquent's Earnings Yield (Joel Greenblatt) for the quarter that ended in Sep. 2016 was 13.23%.
The historical rank and industry rank for Inteliquent's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
IQNT's Earnings Yield (Joel Greenblatt) % is not ranked *
in the Telecommunication Services industry.
Industry Median: 5.51 * 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) %. Inteliquent's Forward Rate of Return (Yacktman) % for the quarter that ended in Sep. 2016 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.
Inteliquent Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Inteliquent'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 Inteliquent's Earnings Yield (Joel Greenblatt) %
For the Telecom Services subindustry, Inteliquent'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.
Inteliquent's Earnings Yield (Joel Greenblatt) % Distribution in the Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, Inteliquent's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Inteliquent'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.
Inteliquents Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2015 is calculated as
Inteliquent's EBIT for the trailing twelve months (TTM) ended in Sep. 2016 adds up the quarterly data reported by the company within the most recent 12 months, which was $57.5 Mil.
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.
Inteliquent Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Inteliquent's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Inteliquent Inc was incorporated on April 19, 2001 in Delaware and commenced its operations in 2004. The Company provides voice telecommunications services on a wholesale basis. It offers telecommunication services using an all-IP network, which enables it to deliver connectivity for a variety of media, including voice, and historically data and video. The Company's solutions enable carriers and other providers to deliver voice traffic or other services where it does not own a network or elect not to use their own network. These solutions are sometimes called off-net services. The Company also provides its solutions to customers, such as over-the-top providers, who also typically do not have their own network. Its services include Local Transit Service, Long Distance Service, Switched Access Service, International Voice Service, Direct Inward Dialing Service, 8XX (Toll-Free) Service. Its customers include AT&T, Verizon, and T-Mobile. Its competitors are the traditional ILECs (AT&T, Verizon and CenturyLink), other competitive carriers that provide tandem or similar services (Level 3, Peerless Network, and Hypercube), and direct connections between carriers. It is subject to the jurisdiction of both federal and state regulatory agencies, which have the authority to review prices, terms and conditions of service.
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