What is Eco Building Products Earnings Yield (Joel Greenblatt) %?
Eco Building Products's Enterprise Value for the quarter that ended in Jun. 2017 was $0.00 Mil.
Eco Building Products's EBIT for the trailing twelve months (TTM) ended in Jun. 2017 was $-8.84 Mil. Eco Building Products's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2017 was 0.00%.
The historical rank and industry rank for Eco Building Products's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
ECOB's Earnings Yield (Joel Greenblatt) % is not ranked *
in the Forest Products industry.
Industry Median: 3.91 * 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) %. Eco Building Products's Forward Rate of Return (Yacktman) % for the quarter that ended in Jun. 2017 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.
Eco Building Products Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Eco Building Products'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.
Eco Building Products Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of Eco Building Products's Earnings Yield (Joel Greenblatt) %
For the Lumber & Wood Production subindustry, Eco Building Products'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.
Eco Building Products's Earnings Yield (Joel Greenblatt) % Distribution in the Forest Products Industry
For the Forest Products industry and Basic Materials sector, Eco Building Products's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Eco Building Products's Earnings Yield (Joel Greenblatt) % falls into.
Eco Building Products 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.
Eco Building Productss Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Jun. 2017 is calculated as
Eco Building Products's EBIT for the trailing twelve months (TTM) ended in Jun. 2017 adds up the quarterly data reported by the company within the most recent 12 months, which was $-8.84 Mil.
Eco Building Products (GREY:ECOB) 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.
Eco Building Products Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Eco Building Products's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Eco Building Products (Eco Building Products) Business Description
Eco Building Products Inc manufactures wood products coated with an eco-friendly chemistry that is designed to protect against mold, rot, decay, termites, and fire. The company has also developed an affiliate coating program that allows lumber companies to coat commodity lumber at their facilities contingent upon their stocking the company's inventory and supporting the company's products. The company has developed a line of eco-friendly protective wood coatings, Eco Red Shield and Eco Clear Shield that extend the lifecycle of framing lumber and other wood products used in the construction of single-family homes and multi-story buildings.
Eco Building Products (Eco Building Products) Headlines
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