What is Premiere Global Services Earnings Yield (Joel Greenblatt) %?
Premiere Global Services's Enterprise Value for the quarter that ended in Sep. 2015 was $961.1 Mil.
Premiere Global Services's EBIT for the trailing twelve months (TTM) ended in Sep. 2015 was $24.4 Mil. Premiere Global Services's Earnings Yield (Joel Greenblatt) for the quarter that ended in Sep. 2015 was 2.55%.
The historical rank and industry rank for Premiere Global Services's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
PGI's Earnings Yield (Joel Greenblatt) % is not ranked *
in the Telecommunication Services industry.
Industry Median: 5.24 * 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) %. Premiere Global Services's Forward Rate of Return (Yacktman) % for the quarter that ended in Sep. 2015 was 16.17%. 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.
Premiere Global Services Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Premiere Global Services'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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Premiere Global Services Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of Premiere Global Services's Earnings Yield (Joel Greenblatt) %
For the Telecom Services subindustry, Premiere Global Services'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.
Premiere Global Services's Earnings Yield (Joel Greenblatt) % Distribution in the Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, Premiere Global Services's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Premiere Global Services's Earnings Yield (Joel Greenblatt) % falls into.
Premiere Global Services 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.
Premiere Global Servicess Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2014 is calculated as
Premiere Global Services'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 $24.4 Mil.
Premiere Global Services (NYSE:PGI) 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.
Premiere Global Services Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Premiere Global Services's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Premiere Global Services (Premiere Global Services) Business Description
Premiere Global Services Inc was incorporated in Florida in 1991 and reincorporated in Georgia in 1995. The Company provides cloud-based solutions that deliver multi-point, real-time virtual collaboration using video, voice, mobile, web streaming and file sharing technologies. Its solutions are available via desktops, tablets and mobile devices, helping businesses worldwide be more productive, mobile and environmentally responsible. The Company has a global presence in 25 countries on five continents and an established base of over 45,000 enterprise customers. In 2011, the Company began transitioning its business toward a software-as-a-service, or SaaS, model. The Company offers three primary software solutions: iMeet is the Companys next-generation, online meeting solution that lets people meet and collaborate face-to-face online anywhere, anytime, from any device; GlobalMeet is the Companys integrated conference calling and web conferencing solution; and GlobalMeet Audio is the Companys enterprise-class audio conferencing solution. Its software solutions are accessible via a suite of desktop and mobile applications, including its apps for the iPhone, iPad, BlackBerry and Android phones. They are also accessible via all market-leading Internet browsers on the web and the mobile web, as well as through access points embedded in third-party software applications. The Company markets its solutions globally through a multi-channel sales approach that includes direct sales, channel resellers, strategic technology partners and marketing alliances and are also available for purchase online. The markets for the Companys solutions are highly competitive, rapidly evolving and subject to changing technology, shifting customer needs and introductions of new products and services. It competes for customers based on product offerings, price, customer service, quality of user experience, ease of use, reliability, global capabilities, scalability, value-added functionality, security and integration with multiple operating systems and devices. The Company is subject to various federal, state, local and international laws regulating the provision of its services. The Company currently has 28 patents issued and 68 applications pending in the United States and internationally.
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