What is Resource America Earnings Yield (Joel Greenblatt) %?
Resource America's Enterprise Value for the quarter that ended in Jun. 2016 was $220.45 Mil.
Resource America's EBIT for the trailing twelve months (TTM) ended in Jun. 2016 was $21.44 Mil. Resource America's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2016 was 9.73%.
The historical rank and industry rank for Resource America's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
REXI's Earnings Yield (Joel Greenblatt) % is not ranked *
in the Real Estate industry.
Industry Median: 4.32 * 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) %. Resource America's Forward Rate of Return (Yacktman) % for the quarter that ended in Jun. 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.
Resource America Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Resource America'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.
Resource America Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of Resource America's Earnings Yield (Joel Greenblatt) %
For the Real Estate Services subindustry, Resource America'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.
Resource America's Earnings Yield (Joel Greenblatt) % Distribution in the Real Estate Industry
For the Real Estate industry and Real Estate sector, Resource America's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Resource America's Earnings Yield (Joel Greenblatt) % falls into.
Resource America 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.
Resource Americas Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2015 is calculated as
Resource America's EBIT for the trailing twelve months (TTM) ended in Jun. 2016 adds up the quarterly data reported by the company within the most recent 12 months, which was $21.44 Mil.
Resource America (NAS:REXI) 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.
Resource America Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Resource America's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Resource America (Resource America) Business Description
Resource America Inc is Delaware Corporation. It is an asset management company that uses industry specific expertise to evaluate, originate, service and manage investment opportunities through its real estate, commercial finance and financial fund management subsidiaries. As a specialized asset manager, it develops investment funds for outside investors for which the Company provides asset management services, typically under long-term management arrangements either through a contract with, or as the manager or general partner of, its sponsored investment funds. In its real estate segment, it focuses on acquiring and managing a diversified portfolio of commercial real estate and real estate related debt that has been significantly discounted due to the effects of current economic conditions and high levels of leverage. In its financial fund management segment, it focuses on the he sponsorship and management of issuers of collateralized loan and debt obligations. The Company has operations in New York, Philadelphia, Los Angeles, London, Singapore and Sydney. In its real estate operations, the Company concentrates on the ownership, operation and management of multifamily and commercial real estate and real estate mortgage loans including whole mortgage loans, first priority interests in commercial mortgage loans, known as A notes, subordinated interests in first mortgage loans, known as B notes, mezzanine loans, investments in discounted and distressed real estate loans and investments in value-added properties. The Company faces competition from other asset holding companies in various areas.
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