Evertz Technologies's Enterprise Value for the quarter that ended in Jan. 2024 was $808.7 Mil.
Evertz Technologies's EBIT for the trailing twelve months (TTM) ended in Jan. 2024 was $80.7 Mil. Evertz Technologies's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jan. 2024 was 10.40%.
The historical rank and industry rank for Evertz Technologies's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
EVTZF'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 5.25 Med: 8.03 Max: 12.01
Current: 10.93
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Evertz Technologies was 12.01%. The lowest was 5.25%. And the median was 8.03%.
EVTZF's Earnings Yield (Joel Greenblatt) % is ranked better than 83.06% of 2474
companies
in the Hardware industry
Industry Median: 3.315
vs EVTZF: 10.93
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) %. Evertz Technologies's Forward Rate of Return (Yacktman) % for the quarter that ended in Jan. 2024 was 10.39%. 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.
Evertz Technologies Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Evertz 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.
* Premium members only.
Evertz Technologies Annual Data
Trend
Apr14
Apr15
Apr16
Apr17
Apr18
Apr19
Apr20
Apr21
Apr22
Apr23
Earnings Yield (Joel Greenblatt) %
8.87
8.45
5.25
9.40
9.92
Evertz Technologies Quarterly Data
Apr19
Jul19
Oct19
Jan20
Apr20
Jul20
Oct20
Jan21
Apr21
Jul21
Oct21
Jan22
Apr22
Jul22
Oct22
Jan23
Apr23
Jul23
Oct23
Jan24
Earnings Yield (Joel Greenblatt) %
9.75
9.92
9.46
10.74
10.40
Competitive Comparison
For the Communication Equipment subindustry, Evertz 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.
Evertz Technologies Earnings Yield (Joel Greenblatt) % Distribution
For the Hardware industry and Technology sector, Evertz Technologies's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Evertz 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.
Evertz Technologiess Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Apr. 2023 is calculated as
Evertz Technologies's EBIT for the trailing twelve months (TTM) ended in Jan. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $80.7 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.
Evertz Technologies Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Evertz Technologies's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Evertz Technologies (Evertz Technologies) Business Description
Evertz Technologies Ltd is a Canadian provider of telecommunications equipment and technology solutions to the television broadcast and new-media industries. Evertz equipment is used in the production, post-production and transmission of television content. Its solutions are sold to content creators, broadcasters, and service providers looking to support multi-channel digital and high definition television, and next generation Internet Protocol environments. More than half of the firm's revenue is generated in the United States.
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