What is Tangoe Earnings Yield (Joel Greenblatt) %?
Tangoe's Enterprise Value for the quarter that ended in Sep. 2015 was $252.15 Mil.
Tangoe's EBIT for the trailing twelve months (TTM) ended in Sep. 2015 was $-3.34 Mil. Tangoe's Earnings Yield (Joel Greenblatt) for the quarter that ended in Sep. 2015 was -0.55%.
The historical rank and industry rank for Tangoe's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
TNGO's Earnings Yield (Joel Greenblatt) % is not ranked *
in the Software industry.
Industry Median: 1.19 * 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) %. Tangoe's Forward Rate of Return (Yacktman) % for the quarter that ended in Sep. 2015 was -10.13%. 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.
Tangoe Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Tangoe'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 Tangoe's Earnings Yield (Joel Greenblatt) %
For the Software - Infrastructure subindustry, Tangoe'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.
Tangoe's Earnings Yield (Joel Greenblatt) % Distribution in the Software Industry
For the Software industry and Technology sector, Tangoe's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Tangoe'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.
Tangoes Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2014 is calculated as
Tangoe's EBIT for the trailing twelve months (TTM) ended in Sep. 2015 adds up the quarterly data reported by the company within the most recent 12 months, which was $-3.34 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.
Tangoe Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Tangoe's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Tangoe Inc was incorporated in Delaware under the name TelecomRFQ, Inc. in February 2000 and changed its name to Tangoe, Inc. in December 2001. The Company provides connection lifecycle management, or CLM, software and services to a wide range of enterprises and service providers. CLM covers the entire spectrum of an enterprise's connection-based assets and services such as voice and data services, mobile devices and usage, machine-to-machine connections, cloud software and services, enterprise social and information technology connections, and encompasses the entire lifecycle of these assets and services including planning and sourcing, procurement and provisioning, inventory and usage management, mobile device management, or MDM, real-time telecommunications expense management, or rTEM, invoice processing, expense allocation and accounting, and asset decommissioning and disposal. Its solution can provide a significant return on investment by enabling an enterprise to identify and resolve billing errors, to optimize service plans for its usage patterns and needs, to manage used and unused connection assets and services, to proactively monitor usage and to prevent bill overages. As of December 31, 2013, more than 1,000 recurring revenue customers were using its software or services. It competes with technology providers and outsourced service providers selling a range of TEM, MDM, EMM and MMS solutions.
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