Pericom Semiconductor (Pericom Semiconductor) Earnings Yield (Joel Greenblatt) % : 4.68% (As of Sep. 2015)

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What is Pericom Semiconductor Earnings Yield (Joel Greenblatt) %?

Pericom Semiconductor's Enterprise Value for the quarter that ended in Sep. 2015 was $279.0 Mil. Pericom Semiconductor's EBIT for the trailing twelve months (TTM) ended in Sep. 2015 was $13.0 Mil. Pericom Semiconductor's Earnings Yield (Joel Greenblatt) for the quarter that ended in Sep. 2015 was 4.68%.

The historical rank and industry rank for Pericom Semiconductor's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:

PSEM's Earnings Yield (Joel Greenblatt) % is not ranked ^*
in the Semiconductors industry.
Industry Median: 2.04
* 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) %. Pericom Semiconductor's Forward Rate of Return (Yacktman) % for the quarter that ended in Sep. 2015 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.

Pericom Semiconductor Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for Pericom Semiconductor'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.

Pericom Semiconductor Earnings Yield (Joel Greenblatt) % Chart

Pericom Semiconductor Annual Data

Trend

Jun06

Jun07

Jun08

Jun09

Jun10

Jun11

Jun12

Jun13

Jun14

Jun15

Earnings Yield (Joel Greenblatt) %

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16.75

0.88

-34.84

4.73

8.87

Pericom Semiconductor Quarterly Data
	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15
Earnings Yield (Joel Greenblatt) %	Get a 7-Day Free Trial															6.52	5.06	5.22	8.87	4.68

Competitive Comparison of Pericom Semiconductor's Earnings Yield (Joel Greenblatt) %

For the Semiconductors subindustry, Pericom Semiconductor'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.

Pericom Semiconductor's Earnings Yield (Joel Greenblatt) % Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Pericom Semiconductor's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Pericom Semiconductor's Earnings Yield (Joel Greenblatt) % falls into.

Pericom Semiconductor 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.

Pericom Semiconductors Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Jun. 2015 is calculated as

Earnings Yield (Joel Greenblatt)	=	EBIT	/	Enterprise Value
	=	14.415	/	162.55055
	=	8.87 %

Pericom Semiconductor's EBIT for the trailing twelve months (TTM) ended in Sep. 2015 adds up the quarterly data reported by the company within the most recent 12 months, which was $13.0 Mil.

Pericom Semiconductor (NAS:PSEM) 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

Forward Rate of Return (Yacktman) % based on Don Yacktman's definition is a better measure of the expected rate of return for a stock.

Pericom Semiconductor Earnings Yield (Joel Greenblatt) % Related Terms

Thank you for viewing the detailed overview of Pericom Semiconductor's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.

Pericom Semiconductor (Pericom Semiconductor) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Pericom Semiconductor Corp (NAS:PSEM) » Definitions » Earnings Yield (Joel Greenblatt) %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.pericom.com

Pericom Semiconductor Corp was incorporated in California in June 1990. The Company designs, develops and markets integrated circuits (ICs) and frequency control products (FCPs) used for the transfer, routing, and timing of digital and analog signals within and between computer, networking, datacom and telecom systems. Its IC products include functions that support the connectivity, timing and signal conditioning of high-speed parallel and serial protocols that transfer data among a system's microprocessor, memory and various peripherals, such as displays and monitors, and between interconnected systems. The Company's FCPs are electronic components that provide frequency references such as crystals and oscillators for computer, communication and consumer electronic products. Its analog, digital and mixed-signal ICs, together with its FCP products enable higher system bandwidth and signal quality, resulting in operating reliability, signal integrity, and lower overall system cost in applications such as notebook computers, servers, network switches and routers, storage area networks, digital TVs, cell phones, GPS and digital media players. The Company has one reportable segment, the interconnectivity device supply market. The Company uses its expertise in high-performance digital, analog, mixed-signal silicon-based IC and quartz-based FCP designs, its reusable core cell library and its modular design methodology to achieve a rapid rate of new product introductions. Within each of the Company's IC product families, the product portfolio has evolved from a standard building block into both standard products of increasing performance and application-specific standard products (ASSP), which are tailored to meet a specific high volume application. Within each product family, it continues to address the common trends of decreasing supply voltage, higher integration and faster speeds. Within the Company's quartz based FCP product families, including crystal, crystal oscillator (XO), and voltage controlled crystal oscillator (VCXO), it has evolved its technologies to include specialized XO and hybrid capability. The IC semiconductor and FCP industry is intensely competitive. The Company's IC competitors include Analog Devices, Cypress Semiconductor Corporation, Fairchild Semiconductor International, Hitachi, Integrated Device Technology, Inc., Maxim Integrated Products, Inc., Motorola, On Semiconductor Corp., NXP, Parade Technologies, PLX Technology, Silicon Laboratories, Inc., STMicroelectronics, Texas Instruments, Inc. and Toshiba. Its FCP competitors include Vectron International, Inc., Connor Winfield Ltd., Fox Electronics, Ecliptek Corporation, Mtron PTI, Epson Toyocom Corporation and among others.

Executives

Hui Alex Chi Ming	director, officer: President & CEO, other: President & CEO	2380 BERING DR, SAN JOSE CA 95131
Michael J Sophie	director, other: Outside Director	C/O UTSTARCOM INC., 1275 HARBOR BAY PARKWAY, ALAMEDA CA 94502
Kevin S Bauer	officer: CFO & Sr. VP of Finance, other: CFO & Sr. VP of Finance	980 ROCK AVE., SAN JOSE CA 95131
Aaron Tachibana	officer: Sr. VP of Finance, and CFO, other: Sr. VP of Finance, and CFO	400 NORTH MCCARTHY BLVD, MILPITAS CA 95035
James Boyd	officer: Sr. VP of Finance and CFO, other: Sr. VP of Finance and CFO	48401 FREMONT BLVD FREMONT CA 94538
Gary L Fischer	director	4281 TECHNOLOGY DRIVE, FREMONT CA 94538
David Raun	officer: VP - Strategic Marketing	870 MAUDE AVENUE, SUNNVALE CA 94085

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