mF International's Enterprise Value for the quarter that ended in Dec. 2022 was $0.00 Mil.
mF International does not have enough years/quarters to calculate its EBIT for the trailing twelve months (TTM) ended in Dec. 2022. Therefore, GuruFocus does not calculate mF International's Earnings Yield (Joel Greenblatt) at this moment.
The historical rank and industry rank for mF International's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
MFI'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 0 Med: 0 Max: 25.77
Current: 0.62
During the past 2 years, the highest Earnings Yield (Joel Greenblatt) of mF International was 25.77%. The lowest was 0.00%. And the median was 0.00%.
MFI's Earnings Yield (Joel Greenblatt) % is not ranked
in the Software industry.
Industry Median: 1.23
vs MFI: 0.62
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) %. mF International's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2022 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.
mF International Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for mF International'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.
mF International Annual Data
Trend
Dec21
Dec22
Earnings Yield (Joel Greenblatt) %
-
-
mF International Semi-Annual Data
Dec21
Dec22
Earnings Yield (Joel Greenblatt) %
-
-
Competitive Comparison
For the Software - Application subindustry, mF International'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.
mF International Earnings Yield (Joel Greenblatt) % Distribution
For the Software industry and Technology sector, mF International's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where mF International's Earnings Yield (Joel Greenblatt) % falls into.
mF International 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.
mF Internationals Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2022 is calculated as
mF International (NAS:MFI) 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.
mF International Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of mF International's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
mF International (mF International) Business Description
mF International Ltd is a holding company and all of its operations are carried out by Operating Subsidiaries in Hong Kong. It is a financial trading solution provider principally engaged in the development and provision of financial trading solutions. It has approximately 20 years of experience in providing real-time mission-critical forex, bullion/commodities trading platform solutions, financial value-added services, mobile applications, and financial information for brokers and institutional clients via internet or platform as software as a service. The company has provided a wide range of top-notch services, including mF4 Trading Platform, Bridge and Plugins, CRM System, ECN System, Liquidity Solutions, Cross-platform Broker Plus Solution, Social Trading Applications and others.
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