What is Avesco Group Earnings Yield (Joel Greenblatt) %?
Avesco Group's Enterprise Value for the quarter that ended in Mar. 2016 was $0.00 Mil.
Avesco Group's EBIT for the trailing twelve months (TTM) ended in Mar. 2016 was $20.60 Mil. Avesco Group's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2016 was 0.00%.
The historical rank and industry rank for Avesco Group's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
AVGPF'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 0.9 Med: 5.5 Max: 32.4
Current: 10.57
During the past 12 years, the highest Earnings Yield (Joel Greenblatt) of Avesco Group was 32.40%. The lowest was 0.90%. And the median was 5.50%.
AVGPF's Earnings Yield (Joel Greenblatt) % is not ranked
in the Media - Diversified industry.
Industry Median: 3.02
vs AVGPF: 10.57
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) %. Avesco Group's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 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.
Avesco Group Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Avesco Group'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.
Avesco Group Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of Avesco Group's Earnings Yield (Joel Greenblatt) %
For the Broadcasting subindustry, Avesco 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.
Avesco Group's Earnings Yield (Joel Greenblatt) % Distribution in the Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, Avesco Group's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Avesco Group's Earnings Yield (Joel Greenblatt) % falls into.
Avesco 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.
Avesco Groups Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Sep. 2015 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.
Avesco Group (OTCPK:AVGPF) 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.
Avesco Group Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Avesco Group's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Avesco Group PLC was incorporated on February 2, 1984. The Company provides services to the corporate presentation, entertainment and broadcast markets. Its operating business segments are Creative Technology, Full Service and Broadcast Services. The creative technology provides specialist AV services and equipment to the live events, broadcast and entertainment markets. The full service segment provides full technical support for conferences, sports, music, corporate and television programs. The broadcast services segment provides broadcast equipment, systems and services to the broadcast industry. The Company has operations in the United Kingdom, Mainland Europe, United States of America, and other part of the World.
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