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The earnings yield is an indication of how much return shareholders' investment in the company earned over the past 12 months. The higher the earnings yield is, the better.
As of today (2024-04-26), the stock price of Elevate Credit is $1.87. Elevate Credit's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Sep. 2022 was $-2.12. Therefore, Elevate Credit's earnings yield of today is N/A%.
The earnings yield does not consider the growth of the business. A better indicator of the attractiveness of an investment which takes growth into account is the Forward Rate of Return (Yacktman) %. Elevate Credit's Forward Rate of Return (Yacktman) % for the quarter that ended in Sep. 2022 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.
Earnings yield is the reciprocal of the P/E Ratio.
Elevate Credit's Earnings Yield for today is calculated as
Earnings Yield | = | Earnings per Share (Diluted) (TTM) | / | Share Price |
= | -2.120 | / | 1.87 | |
= | N/A % |
Elevate Credit's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Sep. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $-2.120 Mil.
* 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.
It can also be calculated from the numbers for the whole company:
Earnings Yield | = | Net Income | / | Market Cap |
The earnings in the calculation is the Trailing Twelve Months earnings.
Elevate Credit (NYSE:ELVT) Earnings Yield % Explanation
If the P/E ratio is an indication of how many years it takes for the company to earn back the stock price shareholders pay to buy the shares, the earnings yield is an indication of how much return shareholders' investment in the company earned over the past 12 months. The higher the earnings yield is, the better.
If a company loses money, the earnings yield is negative. This gives a more straightforward indication that the company is losing money. This is an advantage of using earnings yield instead of the P/E ratio in valuation. For valuation purposes, the P/B Ratio and the P/S Ratio should be used for companies that are losing money.
Like the P/E ratio, the earnings yield can be used to compare investments in different industries. It can even be used to compare the attractiveness of different asset classes such as bonds and cash. Of course, the earnings yield should not be the only factor in deciding which asset classes to invest.
Also similar to the P/E ratio, the earnings yield does not consider the growth of the business. A growing company with the same earnings yield should be more attractive than a company that has the same earnings yield but does not grow.
A better indicator of the attractiveness of an investment which takes growth into account is the Forward Rate of Return (Yacktman) %.
Be Aware
Just like the P/E Ratio, non-recurring items such as selling part of the business, selling a previous investment, etc., can affect earnings yield dramatically. The earning yield is also a poor indication for cyclical companies. When a cyclical stock has a high earnings yield it is usually at the peak of its cycle.
Thank you for viewing the detailed overview of Elevate Credit's Earnings Yield % provided by GuruFocus.com. Please click on the following links to see related term pages.
Bradley R. Strock | director | C/O ELEVATE CREDIT, INC., 4150 INTERNATIONAL PLAZA, SUITE 300, FORT WORTH TX 76109 |
Christopher Lutes | officer: Chief Financial Officer | C/O ELEVATE CREDIT INC., 4150 INTERNATIONAL PLAZA, SUITE 300, FORTH WORTH TX 76109 |
Steven Austin Trussell | officer: Chief Financial Officer | 4150 INTERNATIONAL PKWY, STE 300, FT. WORTH TX 76109 |
David Curry Peterson | officer: Chief Credit Officer | C/O ELEVATE CREDIT, 4150 INTERNATIONAL PLAZA, STE 300, FORT WORTH TX 76109 |
Scott Greever | director, officer: Managing Director, UK | C/O ELEVATE CREDIT INC., 4150 INTERNATIONAL PLAZA, SUITE 300, FORTH WORTH TX 76109 |
Jason Harvison | director, officer: Chief Operating Officer | C/O ELEVATE CREDIT INC., 4150 INTERNATIONAL PLAZA, SUITE 300, FORTH WORTH TX 76109 |
Jesse K Bray | director | 8950 CYPRESS WATERS BOULEVARD, COPPELL TX 75019 |
Rodriquez Manuel Sanchez | director | C/O FANNIE MAE, 1100 15TH STREET, NW, WASHINGTON DC 20005 |
Michael T. Pugh | director | CARVER BANCORP, INC., 75 WEST 125TH STREET, NEW YORK NY 10027 |
Head Tyler W. K. | director | C/O ELEVATE CREDIT INC., 4150 INTERNATIONAL PLAZA, SUITE 300, FORTH WORTH TX 76109 |
Linda Stinson | 10 percent owner | C/O ELEVATE CREDIT INC., 4150 INTERNATIONAL PLAZA, SUITE 300, FORTH WORTH TX 76109 |
Tcv Management 2004 Llc | 10 percent owner, other: May be part of a 13(g) group | 528 RAMONA STREET, PALO ALTO CA 94301 |
Tcv Member Fund, L.p. | 10 percent owner, other: May be part of a 13(g) group | 528 RAMONA STREET, PALO ALTO CA 94301 |
Technology Crossover Management V Llc | 10 percent owner, other: May be part of a 13(g) group | C/O TECHNOLOGY CROSSOVER VENTURES, 250 MIDDLEFIELD ROAD, MENLO PARK CA 94025 |
Tcv V Lp | 10 percent owner, other: May be part of a 13(g) group | 528 RAMONA STREET, PALO ALTO CA 94301 |
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