What is Imagination Technologies Group Earnings Yield (Joel Greenblatt) %?
Imagination Technologies Group's Enterprise Value for the quarter that ended in Apr. 2017 was $422.8 Mil.
Imagination Technologies Group's EBIT for the trailing twelve months (TTM) ended in Apr. 2017 was $9.8 Mil. Imagination Technologies Group's Earnings Yield (Joel Greenblatt) for the quarter that ended in Apr. 2017 was 2.45%.
The historical rank and industry rank for Imagination Technologies Group's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
IGNMF's Earnings Yield (Joel Greenblatt) % is not ranked *
in the Semiconductors industry.
Industry Median: 2.02 * 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) %. Imagination Technologies Group's Forward Rate of Return (Yacktman) % for the quarter that ended in Apr. 2017 was -18.11%. 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.
Imagination Technologies Group Earnings Yield (Joel Greenblatt) % Historical Data
* 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.
Imagination Technologies Group Earnings Yield (Joel Greenblatt) % Chart
For the Semiconductor Equipment & Materials subindustry, Imagination Technologies Group'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.
Imagination Technologies Group's Earnings Yield (Joel Greenblatt) % Distribution in the Semiconductors Industry
For the Semiconductors industry and Technology sector, Imagination Technologies Group's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Imagination Technologies Group's Earnings Yield (Joel Greenblatt) % falls into.
Imagination Technologies Group 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.
Imagination Technologies Groups Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Apr. 2017 is calculated as
For company reported semi-annually or annually, GuruFocus only calculate annual data for Earnings Yield (Joel Greenblatt) and apply the annual figure to corresponding quarter.
Imagination Technologies Group (OTCPK:IGNMF) 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.
Imagination Technologies Group Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Imagination Technologies Group's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Imagination Technologies Group (Imagination Technologies Group) Business Description
Imagination Technologies Group PLC is a United Kingdom-based company that is principally engaged in creating and licensing processor solutions, which consist of graphics, video and vision processing, general purpose and embedded processing, multistandard communications, cloud connectivity, and other solutions. The company's technology is applied in a broad range of markets, including mobile phones, mobile computing, home electronics, handheld multimedia, automotive, networking, wearables, and Internet of Things products. It has a worldwide network of licensees, including semiconductor manufacturers, network operators, and OEM/ODMs. It has a business presence in many countries, including China, France, Germany, Israel, Italy, Japan, South Korea, Taiwan, the U.K., and the United States.
Imagination Technologies Group (Imagination Technologies Group) Headlines
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