Electronic Control Security (Electronic Control Security) Earnings Yield (Joel Greenblatt) % : -163.93% (As of Mar. 2014)

Electronic Control Security Earnings Yield (Joel Greenblatt) % Chart

Electronic Control Security Annual Data
	Trend	Jun04	Jun05	Jun06	Jun07	Jun08	Jun09	Jun10	Jun11	Jun12	Jun13
Earnings Yield (Joel Greenblatt) %		Get a 7-Day Free Trial					-21.46	15.65	17.42	-106.38	-92.59

Electronic Control Security Quarterly Data
	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14
Earnings Yield (Joel Greenblatt) %	Get a 7-Day Free Trial															-48.78	-92.59	-73.53	-142.86	-163.93

Competitive Comparison of Electronic Control Security's Earnings Yield (Joel Greenblatt) %

For the Security & Protection Services subindustry, Electronic Control Security'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.

Electronic Control Security's Earnings Yield (Joel Greenblatt) % Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Electronic Control Security's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Electronic Control Security's Earnings Yield (Joel Greenblatt) % falls into.

Electronic Control Security 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.

Electronic Control Securitys Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Jun. 2013 is calculated as

Electronic Control Security's EBIT for the trailing twelve months (TTM) ended in Mar. 2014 adds up the quarterly data reported by the company within the most recent 12 months, which was $-1.66 Mil.

Electronic Control Security  (OTCPK:EKCS) 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.

Electronic Control Security Earnings Yield (Joel Greenblatt) % Related Terms

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Electronic Control Security (Electronic Control Security) Business Description