What is Silver Bay Realty Trust Earnings Yield (Joel Greenblatt) %?
Silver Bay Realty Trust's Enterprise Value for the quarter that ended in Dec. 2016 was $1,235.4 Mil.
Silver Bay Realty Trust's EBIT for the trailing twelve months (TTM) ended in Dec. 2016 was $20.8 Mil. Silver Bay Realty Trust's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2016 was 1.68%.
The historical rank and industry rank for Silver Bay Realty Trust's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
SBY's Earnings Yield (Joel Greenblatt) % is not ranked *
in the REITs industry.
Industry Median: 2.835 * 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) %. Silver Bay Realty Trust's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 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.
Silver Bay Realty Trust Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Silver Bay Realty Trust'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.
Silver Bay Realty Trust Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of Silver Bay Realty Trust's Earnings Yield (Joel Greenblatt) %
For the REIT - Residential subindustry, Silver Bay Realty Trust'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.
Silver Bay Realty Trust's Earnings Yield (Joel Greenblatt) % Distribution in the REITs Industry
For the REITs industry and Real Estate sector, Silver Bay Realty Trust's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Silver Bay Realty Trust's Earnings Yield (Joel Greenblatt) % falls into.
Silver Bay Realty Trust 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.
Silver Bay Realty Trusts Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2016 is calculated as
Silver Bay Realty Trust's EBIT for the trailing twelve months (TTM) ended in Dec. 2016 adds up the quarterly data reported by the company within the most recent 12 months, which was $20.8 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.
Silver Bay Realty Trust Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Silver Bay Realty Trust's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Silver Bay Realty Trust (Silver Bay Realty Trust) Business Description
Silver Bay Realty Trust Corp was incorporated in Maryland in June 2012. The Company is engaged in acquisition, renovation, leasing, and management of single-family properties in select markets in the United States. As of December 31, 2013, the company owned 5,642 single-family properties in Arizona, California, Florida, Georgia, Nevada, North Carolina, Ohio, and Texas, excluding properties held for sale. The Company conducts its business and owns all of its properties through Silver Bay Operating Partnership L.P., or the Operating Partnership, a Delaware limited partnership. acquire single-family properties through a variety of acquisition channels, including brokers, multiple listing services, short sales, foreclosure auctions, online auctions, and bulk purchases from institutions or investor groups. The Company face competition from individual investors, private pools of capital and other institutional buyers which may increase the prices for properties that they would like to purchase and reduce its ability to achieve its desired portfolio size or expected yields. They also compete for desirable residents against the same entities as well as multifamily lessors. The Company's properties are subject to various covenants, laws, and ordinances, and certain of its properties are also subject to the rules of the various homeowners' associations where such properties are located.
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