Covista Communications (Covista Communications) Earnings Yield (Joel Greenblatt) % : 0.00% (As of Apr. 2005)

Covista Communications Earnings Yield (Joel Greenblatt) % Chart

Covista Communications Annual Data
	Trend	Jan96	Jan97	Jan98	Jan99	Jan00	Jan01	Jan02	Jan03	Jan04	Jan05
Earnings Yield (Joel Greenblatt) %		Get a 7-Day Free Trial					-103.09	-15.55	-19.12	-1.17	-17.83

Covista Communications Quarterly Data
	Jul00	Oct00	Jan01	Apr01	Jul01	Oct01	Jan02	Apr02	Jul02	Oct02	Jan03	Apr03	Jul03	Oct03	Jan04	Apr04	Jul04	Oct04	Jan05	Apr05
Earnings Yield (Joel Greenblatt) %	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of Covista Communications's Earnings Yield (Joel Greenblatt) %

For the Telecom Services subindustry, Covista Communications'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.

Covista Communications's Earnings Yield (Joel Greenblatt) % Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Covista Communications's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Covista Communications's Earnings Yield (Joel Greenblatt) % falls into.

Covista Communications 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.

Covista Communicationss Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Jan. 2005 is calculated as

Covista Communications's EBIT for the trailing twelve months (TTM) ended in Apr. 2005 adds up the quarterly data reported by the company within the most recent 12 months, which was $-2.18 Mil.

Covista Communications  (OTCPK:CVST) 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.

Forward Rate of Return (Yacktman) % based on Don Yacktman's definition is a better measure of the expected rate of return for a stock.

Covista Communications Earnings Yield (Joel Greenblatt) % Related Terms

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Covista Communications (Covista Communications) Business Description