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CAI:ASPI's Earnings Yield (Joel Greenblatt) % is not ranked *
in the Capital Markets industry.
Industry Median: 2.78 * 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) %. Aspire Capital Holding For Financial Investments's Forward Rate of Return (Yacktman) % for the quarter that ended in Jun. 2021 was -5.65%. 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.
Aspire Capital Holding For Financial Investments (CAI:ASPI) 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.
* 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.
Aspire Capital Holding For Financial Investments Earnings Yield (Joel Greenblatt) % Chart
Aspire Capital Holding For Financial Investments Annual Data
For the Capital Markets subindustry, Aspire Capital Holding For Financial Investments'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.
Aspire Capital Holding For Financial Investments Earnings Yield (Joel Greenblatt) % vs Capital Markets Industry
Aspire Capital Holding For Financial Investments 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.
Aspire Capital Holding For Financial Investments's EBIT for the trailing twelve months (TTM) ended in Jun. 2021 adds up the quarterly data reported by the company within the most recent 12 months, which was E£1,158 Mil.
What does a Earnings Yield (Joel Greenblatt) % of 9.46% mean?
Aspire Capital Holding For Financial Investments (CAI:ASPI) has a Earnings Yield (Joel Greenblatt) % of 9.46% as of Jun. 2021. Joel Greenblatt's earnings yield equals the ratio of earnings before interest and taxes to enterprise value. View historical data on Aspire Capital Holding For Financial Investments and its competitors.
Is Aspire Capital Holding For Financial Investments' Earnings Yield (Joel Greenblatt) % too high?
Aspire Capital Holding For Financial Investments' current Earnings Yield (Joel Greenblatt) % is 9.46%. The Capital Markets industry median Earnings Yield (Joel Greenblatt) % is 2.78. Aspire Capital Holding For Financial Investments' value of 9.46% is 240.3% above this industry median. Overall, Aspire Capital Holding For Financial Investments has a GF Score™ of 8/100, reflecting its overall financial health beyond just this single metric.
How does Aspire Capital Holding For Financial Investments' Earnings Yield (Joel Greenblatt) % compare to MS and SCHW?
Aspire Capital Holding For Financial Investments' Earnings Yield (Joel Greenblatt) % of 9.46% can be compared against companies in the Capital Markets industry. The industry median Earnings Yield (Joel Greenblatt) % is 2.78. Aspire Capital Holding For Financial Investments' value of 9.46% is 240.3% 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 a Capital Markets company?
The median Earnings Yield (Joel Greenblatt) % among Capital Markets companies is 2.78, based on 777 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. Aspire Capital Holding For Financial Investments's current Earnings Yield (Joel Greenblatt) % of 9.46% is 240.3% 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 Aspire Capital Holding For Financial Investments and its competitors. For the Capital Markets industry, the median Earnings Yield (Joel Greenblatt) % is 2.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Aspire Capital Holding For Financial Investments's current Earnings Yield (Joel Greenblatt) % is 9.46%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aspire Capital Holding For Financial Investments stock overvalued right now?
Aspire Capital Holding For Financial Investments (CAI:ASPI) has a current Earnings Yield (Joel Greenblatt) % of 9.46%. The current Earnings Yield (Joel Greenblatt) % is 9.46% and 240.3% above the Capital Markets industry median of 2.78. Aspire Capital Holding For Financial Investments' overall GF Score™ is 8/100. 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 Aspire Capital Holding For Financial Investments (CAI:ASPI), the current Earnings Yield (Joel Greenblatt) % is 9.46% as of Jun. 2021. 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.
Aspire Capital Holding For Financial Investments Business Description
Aspire Capital Holding For Financial Investments provides financial services. It offers its services to both retail and institutional investors. It provides brokerage services covering public and private sectors in restructuring, mergers, issuing of equity and debt capital, and market research. It also provides portfolio management services and financial investment consulting and updates.
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