What is Ruckus Wireless Earnings Yield (Joel Greenblatt) %?
Ruckus Wireless's Enterprise Value for the quarter that ended in Mar. 2016 was $656.9 Mil.
Ruckus Wireless's EBIT for the trailing twelve months (TTM) ended in Mar. 2016 was $7.2 Mil. Ruckus Wireless's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2016 was 1.09%.
The historical rank and industry rank for Ruckus Wireless's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
RKUS's Earnings Yield (Joel Greenblatt) % is not ranked *
in the Hardware industry.
Industry Median: 3.35 * 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) %. Ruckus Wireless's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 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.
Ruckus Wireless Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Ruckus Wireless'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 Ruckus Wireless's Earnings Yield (Joel Greenblatt) %
For the Computer Hardware subindustry, Ruckus Wireless'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.
Ruckus Wireless's Earnings Yield (Joel Greenblatt) % Distribution in the Hardware Industry
For the Hardware industry and Technology sector, Ruckus Wireless's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Ruckus Wireless'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.
Ruckus Wirelesss Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2015 is calculated as
Ruckus Wireless's EBIT for the trailing twelve months (TTM) ended in Mar. 2016 adds up the quarterly data reported by the company within the most recent 12 months, which was $7.2 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.
Ruckus Wireless Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Ruckus Wireless's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Ruckus Wireless (Ruckus Wireless) Business Description
Ruckus Wireless Inc., was incorporated in 2002 in Delaware as Sceos Technologies, Inc. and subsequently changed its name to Video54 Technologies, Inc. and then to Ruckus Wireless, Inc. It effectively commenced operations on June 1, 2004, when a new board of directors was appointed and senior management was hired. The Company is a provider of carrier-class Wi-Fi solutions. Its solutions are used by service providers and enterprises to solve network capacity and coverage challenges associated with the rapidly increasing traffic and number of users on wireless networks. Its Smart Wi-Fi solutions offer carriers enhanced reliability, consistent performance, extended range and massive scalability. Its product portfolio comprises of gateways, controllers and access points. These products incorporate Company's proprietary technologies, including Smart Radio, Smart QoS, Smart Mesh, SmartCell and Smart Scaling, to enable high performance in a variety of challenging operating conditions faced by service providers and enterprises. The Company sells its products to service providers and enterprises globally and has sold its products to approximately 18,700 end-customers worldwide. It sells to enterprises through a worldwide network of more than 6,000 value-added resellers and distributors. The Company's enterprise end-customers are mid-sized organizations in a variety of industries, including hospitality, education, healthcare, warehousing and logistics, corporate enterprise, retail, state and local government and public venues, such as stadiums, convention centers, airports and major outdoor public areas. It also sells directly and indirectly to a range of service providers, including mobile operators, cable companies, wholesale operators and fixed-line carriers. The Company has approximately 55 service provider end-customers, including Bright House Networks, The Cloud (a BSkyB Company), KDDI, Tikona Digital Networks, Time Warner Cable and Towerstream.
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