Excel (EXCC) Earnings Yield (Joel Greenblatt) %: 4.37% (As of Jun. 2017)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

What is Excel Earnings Yield (Joel Greenblatt) %?

Excel EXCC -99.00% Earnings Yield (Joel Greenblatt) % is 4.37% as of Jun. 2017.

Excel's Enterprise Value for the quarter that ended in Jun. 2017 was $17.31 Mil. Excel's EBIT for the trailing twelve months (TTM) ended in Jun. 2017 was $0.72 Mil. Excel's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2017 was 4.37%.

The historical rank and industry rank for Excel's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:

EXCC's Earnings Yield (Joel Greenblatt) % is not ranked *
in the Software industry.
Industry Median: 2.05
* 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) %. Excel'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 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.


Excel  (OTCPK:EXCC) 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.


Excel Earnings Yield (Joel Greenblatt) % Related Terms


Excel Earnings Yield (Joel Greenblatt) % Historical Data

* Premium members only.

The historical data trend for Excel'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.

Excel Earnings Yield (Joel Greenblatt) % Chart

Excel Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16
Earnings Yield (Joel Greenblatt) %
Get a 7-Day Free Trial -17.12 -17.33 -1.19 16.98 12.30

Excel Quarterly Data
Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17
Earnings Yield (Joel Greenblatt) % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 22.47 18.15 12.30 7.36 4.37

EXCC vs ITRK: Earnings Yield (Joel Greenblatt) % Comparison

For the Information Technology Services subindustry, Excel'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.


Excel Earnings Yield (Joel Greenblatt) % vs Software Industry

For the Software industry and Technology sector, Excel's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

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



Excel 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.

Excels Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2016 is calculated as

Earnings Yield (Joel Greenblatt)=EBIT/Enterprise Value
=2.789/22.95408
=12.15 %

Excel'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 $0.72 Mil.


What does a Earnings Yield (Joel Greenblatt) % of 4.37% mean?
Excel (EXCC) has a Earnings Yield (Joel Greenblatt) % of 4.37% as of Jun. 2017. Joel Greenblatt's earnings yield equals the ratio of earnings before interest and taxes to enterprise value. View historical data on Excel and its competitors.
Is Excel's Earnings Yield (Joel Greenblatt) % too high?
Excel's current Earnings Yield (Joel Greenblatt) % is 4.37%. The Software industry median Earnings Yield (Joel Greenblatt) % is 2.05. Excel's value of 4.37% is 113.2% above this industry median.
How does Excel's Earnings Yield (Joel Greenblatt) % compare to ITRK?
Excel's Earnings Yield (Joel Greenblatt) % of 4.37% can be compared against companies in the Software industry. The industry median Earnings Yield (Joel Greenblatt) % is 2.05. Excel's value of 4.37% is 113.2% 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 Software company?
The median Earnings Yield (Joel Greenblatt) % among Software companies is 2.05, based on 2,911 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. Excel's current Earnings Yield (Joel Greenblatt) % of 4.37% is 113.2% 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 Excel and its competitors. For the Software industry, the median Earnings Yield (Joel Greenblatt) % is 2.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Excel's current Earnings Yield (Joel Greenblatt) % is 4.37%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Excel stock overvalued right now?
Excel (EXCC) has a current Earnings Yield (Joel Greenblatt) % of 4.37%. The current Earnings Yield (Joel Greenblatt) % is 4.37% and 113.2% above the Software industry median of 2.05. 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 Excel (EXCC), the current Earnings Yield (Joel Greenblatt) % is 4.37% as of Jun. 2017. 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.

Excel Business Description

Address 6363 North State Highway 161, Suite 310, Irving, TX, USA, 75038
Excel Corp provides financial and transaction processing services to small and medium-sized businesses throughout the United States. Its primary operations focus on the merchant processing and servicing business as a single source provider for virtually all types of merchant payment processing needs. Through its subsidiary it offers merchant account processing solutions, together with the latest physical site and cloud-based technologies, designed to meet the needs of each industry segment the company services, and offer a variety of credit, debit, gift, and loyalty card processing options and equipment to scale with the distinctive business plans of each client. Geographically activities are performed through Denmark, US.