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American Defense Systems's Enterprise Value for the quarter that ended in Sep. 2012 was $0.90 Mil.
American Defense Systems's EBIT for the trailing twelve months (TTM) ended in Sep. 2012 was $0.13 Mil. American Defense Systems's Earnings Yield (Joel Greenblatt) for the quarter that ended in Sep. 2012 was 24.10%.
The historical rank and industry rank for American Defense Systems's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
ADFS's Earnings Yield (Joel Greenblatt) % is not ranked *
in the Aerospace & Defense industry.
Industry Median: 2.125 * 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) %. American Defense Systems's Forward Rate of Return (Yacktman) % for the quarter that ended in Sep. 2012 was 0.00%. The Forward Rate of Return uses the normalized Free Cash Flow of the past five 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.
American Defense Systems (OTCPK:ADFS) 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.
American Defense Systems Earnings Yield (Joel Greenblatt) % Related Terms
American Defense Systems Earnings Yield (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for American Defense Systems'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.
American Defense Systems Earnings Yield (Joel Greenblatt) % Chart
For the Aerospace & Defense subindustry, American Defense Systems'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.
American Defense Systems Earnings Yield (Joel Greenblatt) % vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, American Defense Systems's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where American Defense Systems's Earnings Yield (Joel Greenblatt) % falls into.
American Defense Systems 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.
American Defense Systemss Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2011 is calculated as
American Defense Systems's EBIT for the trailing twelve months (TTM) ended in Sep. 2012 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.13 Mil.
What does a Earnings Yield (Joel Greenblatt) % of 24.10% mean?
American Defense Systems (ADFS) has a Earnings Yield (Joel Greenblatt) % of 24.10% as of Sep. 2012. Joel Greenblatt's earnings yield equals the ratio of earnings before interest and taxes to enterprise value. View historical data on American Defense Systems and its competitors.
Is American Defense Systems' Earnings Yield (Joel Greenblatt) % too high?
American Defense Systems' current Earnings Yield (Joel Greenblatt) % is 24.10%. The Aerospace & Defense industry median Earnings Yield (Joel Greenblatt) % is 2.13. American Defense Systems' value of 24.10% is 1034.1% above this industry median.
How does American Defense Systems' Earnings Yield (Joel Greenblatt) % compare to ASDN and MKRS?
American Defense Systems' Earnings Yield (Joel Greenblatt) % of 24.10% can be compared against companies in the Aerospace & Defense industry. The industry median Earnings Yield (Joel Greenblatt) % is 2.13. American Defense Systems' value of 24.10% is 1034.1% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Earnings Yield (Joel Greenblatt) % for an Aerospace & Defense company?
The median Earnings Yield (Joel Greenblatt) % among Aerospace & Defense companies is 2.13, based on 360 companies in the industry. Companies in the top quartile (top 25%) have a Earnings Yield (Joel Greenblatt) % significantly above this median, while those in the bottom quartile fall well below. However, Earnings Yield (Joel Greenblatt) % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. American Defense Systems's current Earnings Yield (Joel Greenblatt) % of 24.10% is 1034.1% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Earnings Yield (Joel Greenblatt) % mean?
A high Earnings Yield (Joel Greenblatt) % can signal that a stock is expensive relative to its fundamentals. Joel Greenblatt's earnings yield equals the ratio of earnings before interest and taxes to enterprise value. View historical data on American Defense Systems and its competitors. For the Aerospace & Defense industry, the median Earnings Yield (Joel Greenblatt) % is 2.13 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. American Defense Systems's current Earnings Yield (Joel Greenblatt) % is 24.10%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is American Defense Systems stock overvalued right now?
American Defense Systems (ADFS) has a current Earnings Yield (Joel Greenblatt) % of 24.10%. The current Earnings Yield (Joel Greenblatt) % is 24.10% and 1034.1% above the Aerospace & Defense industry median of 2.13. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Earnings Yield (Joel Greenblatt) % calculated?
Earnings Yield (Joel Greenblatt) % is calculated from a company's financial statements. For American Defense Systems (ADFS), the current Earnings Yield (Joel Greenblatt) % is 24.10% as of Sep. 2012. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
American Defense Systems Inc is a defense and security products company engaged in three business areas: customized transparent and opaque armor solutions; architectural hardening and perimeter defense and tactical training products and services. It serves US government agencies, general contractors and other commercial and private entities operating in high-threat locations.
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