What is Compuware Earnings Yield (Joel Greenblatt) %?
Compuware's Enterprise Value for the quarter that ended in Sep. 2014 was €1,617.1 Mil.
Compuware's EBIT for the trailing twelve months (TTM) ended in Sep. 2014 was €18.7 Mil. Compuware's Earnings Yield (Joel Greenblatt) for the quarter that ended in Sep. 2014 was 1.27%.
The historical rank and industry rank for Compuware's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
FRA:CWR'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 0.5 Med: 5.8 Max: 18.9
Current: 1.2
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Compuware was 18.90%. The lowest was 0.50%. And the median was 5.80%.
FRA:CWR's Earnings Yield (Joel Greenblatt) % is not ranked
in the Software industry.
Industry Median: 1.4
vs FRA:CWR: 1.20
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) %. Compuware's Forward Rate of Return (Yacktman) % for the quarter that ended in Sep. 2014 was -16.90%. 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.
Compuware Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Compuware'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.
Competitive Comparison of Compuware's Earnings Yield (Joel Greenblatt) %
For the Software - Application subindustry, Compuware'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.
Compuware's Earnings Yield (Joel Greenblatt) % Distribution in the Software Industry
For the Software industry and Technology sector, Compuware's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Compuware's Earnings Yield (Joel Greenblatt) % falls into.
In his book, The Little That Beat the Market, hedge fund manager Joel Greenblatt defines Earnings Yield as operating income divided by enterprise value.
Compuwares Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Mar. 2014 is calculated as
Compuware's EBIT for the trailing twelve months (TTM) ended in Sep. 2014 adds up the quarterly data reported by the company within the most recent 12 months, which was €18.7 Mil.
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.
Compuware Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Compuware's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Compuware Corp a Michigan corporation was incorporated in 1973. The Company delivers services and software that enable its customers' important technologies to perform at their peak. It delivers the solutions through software that is installed and run on its customers' owned hardware and applications and through a Software as a Service ('SaaS') model accessed via its hosted networks. It has six business segments: Application Performance Managemen (APM), Mainframe, Changepoint, Uniface, Professional Services and Covisint Application Services ('Covisint'). Its Compuware Application Performance Management ('Compuware APM') consists of its solutions for optimizing the performance of web, non-web, mobile, streaming and cloud applications. Its Mainframe Software Products improve the productivity of development, maintenance and support teams in application analysis, testing, defect detection and remediation, fault management, file and data management, data compliance and application performance management in the IBM z/OS environment. Its Changepoint software combines professional services automation with project portfolio management capabilities to give customers complete visibility into projects, investments and resources for informed business planning and financial control. Its Uniface solution is Compuware's Rapid Application Development environment for building, renewing and integrating some of the complex enterprise applications. Its Covisint application services provide a cloud engagement platform for enabling organizations to securely connect, engage and collaborate with large, distributed communities of customers, business partners and suppliers. Its products and services are used by the IT departments and lines of business of a of commercial and government organizations. Its competitors include BMC Software Inc., CA, Inc., International Business Machines ('IBM'), Hewlett-Packard Company, Keynote Systems, Inc., Accenture, Computer Sciences Corporation, HP Enterprise Services, Analysts International Corporation and Infosys Technologies.
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