What is Fitness Prime Earnings Yield (Joel Greenblatt) %?
Fitness Prime's Enterprise Value for the quarter that ended in . 20 was E£0.00 Mil.
Fitness Prime does not have enough years/quarters to calculate its EBIT for the trailing twelve months (TTM) ended in . 20. Therefore, GuruFocus does not calculate Fitness Prime's Earnings Yield (Joel Greenblatt) at this moment.
The historical rank and industry rank for Fitness Prime's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
CAI:FTNS's Earnings Yield (Joel Greenblatt) % is not ranked *
in the Travel & Leisure industry.
Industry Median: 4.11 * 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) %. Fitness Prime's Forward Rate of Return (Yacktman) % for the quarter that ended in . 20 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.
Fitness Prime Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Fitness Prime'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.
Fitness Prime Earnings Yield (Joel Greenblatt) % Chart
Fitness Prime Annual Data
Trend
Earnings Yield (Joel Greenblatt) %
Fitness Prime Semi-Annual Data
Earnings Yield (Joel Greenblatt) %
Competitive Comparison of Fitness Prime's Earnings Yield (Joel Greenblatt) %
For the Leisure subindustry, Fitness Prime'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.
Fitness Prime's Earnings Yield (Joel Greenblatt) % Distribution in the Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Fitness Prime's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Fitness Prime's Earnings Yield (Joel Greenblatt) % falls into.
Fitness Prime 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.
Fitness Primes Earnings Yield (Joel Greenblatt) for the fiscal year that ended in . 20 is calculated as
Fitness Prime (CAI:FTNS) 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.
Fitness Prime Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Fitness Prime's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Fitness Prime operates fitness clubs. The company is engaged in providing fitness services and programs resulting in improving the health and well-being of individuals. The company also allows to use of equipment and facilities provided by State-of-the-art. The services provided by the company also include Gyms and spas franchised with international brands.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
CAI:FTNS has been successfully added to your