What is Elizabeth Arden Earnings Yield (Joel Greenblatt) %?
Elizabeth Arden's Enterprise Value for the quarter that ended in Jun. 2016 was $789.1 Mil.
Elizabeth Arden's EBIT for the trailing twelve months (TTM) ended in Jun. 2016 was $-40.9 Mil. Elizabeth Arden's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2016 was -5.19%.
The historical rank and industry rank for Elizabeth Arden's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
RDEN's Earnings Yield (Joel Greenblatt) % is not ranked *
in the Consumer Packaged Goods industry.
Industry Median: 4.965 * 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) %. Elizabeth Arden's Forward Rate of Return (Yacktman) % for the quarter that ended in Jun. 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.
Elizabeth Arden Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Elizabeth Arden'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.
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Elizabeth Arden Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of Elizabeth Arden's Earnings Yield (Joel Greenblatt) %
For the Household & Personal Products subindustry, Elizabeth Arden'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.
Elizabeth Arden's Earnings Yield (Joel Greenblatt) % Distribution in the Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Elizabeth Arden's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Elizabeth Arden's Earnings Yield (Joel Greenblatt) % falls into.
Elizabeth Arden 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.
Elizabeth Ardens Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Jun. 2016 is calculated as
Elizabeth Arden's EBIT for the trailing twelve months (TTM) ended in Jun. 2016 adds up the quarterly data reported by the company within the most recent 12 months, which was $-40.9 Mil.
Elizabeth Arden (NAS:RDEN) 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.
Elizabeth Arden Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Elizabeth Arden's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Elizabeth Arden (Elizabeth Arden) Business Description
Elizabeth Arden Inc is incorporated on June 26, 1992 in the state of Florida. The Company is a beauty products company with a portfolio of prestige fragrance, skin care and cosmetics brands. The Company's portfolio includes Elizabeth Arden Brand, Celebrity Fragrances, Heritage Fragrances and Designer Fragrances. In addition to its owned or licensed fragrance brands, the Company distributes additional prestige fragrance brands, in the United States through distribution and other purchasing agreements. It sells its prestige beauty products to retailers in the United States and internationally, including; U.S. prestige retailers and specialty stores such as Macy's, Dillard's, Ulta, Belk, Sephora, Bloomingdales and Nordstrom; U.S. mass retailers, including mid-tier and chain drug retailers, such as Wal-Mart, Target, Kohl's, Walgreens, CVS, and TJ Maxx and Marshalls; and International retailers such as Boots, Debenhams, Superdrug Stores, The Perfume Shop, Hudson's Bay, Shoppers Drug Mart, Myer, Douglas and various travel retail outlets such as Nuance, Heinemann and World Duty Free. The Company and its products are subject to regulation by the Food and Drug Administration, the Federal Trade Commission and state regulatory authorities in the United States, as well as by various other federal, local and international regulatory authorities in the countries in which its products are produced or sold.
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