What is Rofin-Sinar Technologies Earnings Yield (Joel Greenblatt) %?
Rofin-Sinar Technologies's Enterprise Value for the quarter that ended in Jun. 2016 was $750.4 Mil.
Rofin-Sinar Technologies's EBIT for the trailing twelve months (TTM) ended in Jun. 2016 was $46.6 Mil. Rofin-Sinar Technologies's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2016 was 6.22%.
The historical rank and industry rank for Rofin-Sinar Technologies's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
RSTI's Earnings Yield (Joel Greenblatt) % is not ranked *
in the Hardware industry.
Industry Median: 3.155 * 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) %. Rofin-Sinar Technologies's Forward Rate of Return (Yacktman) % for the quarter that ended in Jun. 2016 was -4.08%. 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.
Rofin-Sinar Technologies Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Rofin-Sinar Technologies'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 Rofin-Sinar Technologies's Earnings Yield (Joel Greenblatt) %
For the Scientific & Technical Instruments subindustry, Rofin-Sinar Technologies'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.
Rofin-Sinar Technologies's Earnings Yield (Joel Greenblatt) % Distribution in the Hardware Industry
For the Hardware industry and Technology sector, Rofin-Sinar Technologies's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Rofin-Sinar Technologies'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.
Rofin-Sinar Technologiess Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Sep. 2015 is calculated as
Rofin-Sinar Technologies'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 $46.6 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.
Rofin-Sinar Technologies Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Rofin-Sinar Technologies's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Rofin-Sinar Technologies (Rofin-Sinar Technologies) Business Description
Rofin-Sinar Technologies Inc was incorporated in 1996 under the laws of the State of Delaware. The Company is engaged in the design, development, engineering, manufacturing and marketing of laser-based system solutions for industrial material processing applications which include cutting, welding and marking various materials. Lasers are a non-contact technology for material processing, which have several advantages compared to conventional manufacturing tools that are desirable in industrial applications. The Company's lasers deliver beam at guaranteed power outputs and feature compact design, high processing speed, flexibility, low operating and maintenance costs, and easy integration into the customers production process. Through its manufacturing, distribution and service network, the Company provides laser sources and laser-based system solutions to various markets such as the machine tool, automotive, the semiconductor, electronics, and photovoltaic industries. The Company sells directly to end-users and to original equipment manufacturers that integrate its laser sources with other system components. Some of its competitors are Trumpf, Fanuc, Synrad, Coherent, Laserline and Jenoptik. The Company is subject to many governmental regulations, including but not limited to the laser radiation safety regulations of the Radiation Control for Health and Safety Act administered by the National Center for Devices and Radiological Health, a branch of the United States Food and Drug Administration. Among other things, these regulations require them to file annual reports, to maintain quality control and sales records, to perform product testing, to distribute appropriate operating manuals, to conduct safety reviews, to incorporate design and operating features in products sold to end users, and to certify and label products.
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