What is Magnetek Earnings Yield (Joel Greenblatt) %?
Magnetek's Enterprise Value for the quarter that ended in Jun. 2015 was €0.00 Mil.
Magnetek's EBIT for the trailing twelve months (TTM) ended in Jun. 2015 was €-19.19 Mil. Magnetek's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2015 was -22.12%.
The historical rank and industry rank for Magnetek's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
FRA:MAJ1'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -15.32 Med: 11.7 Max: 166.4
Current: -15.32
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Magnetek was 166.40%. The lowest was -15.32%. And the median was 11.70%.
FRA:MAJ1's Earnings Yield (Joel Greenblatt) % is not ranked
in the Hardware industry.
Industry Median: 3.15
vs FRA:MAJ1: -15.32
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) %. Magnetek's Forward Rate of Return (Yacktman) % for the quarter that ended in Jun. 2015 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.
Magnetek Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Magnetek'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 Magnetek's Earnings Yield (Joel Greenblatt) %
For the Electronic Components subindustry, Magnetek'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.
Magnetek's Earnings Yield (Joel Greenblatt) % Distribution in the Hardware Industry
For the Hardware industry and Technology sector, Magnetek's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Magnetek'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.
Magneteks Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2014 is calculated as
Magnetek's EBIT for the trailing twelve months (TTM) ended in Jun. 2015 adds up the quarterly data reported by the company within the most recent 12 months, which was €-19.19 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.
Magnetek Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Magnetek's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Magnetek Inc was founded in 1984. The Company is a provider of digital power control systems that are used to control motion and power mainly in material handling, elevator, and energy delivery applications. The Company currently operates within a single business segment, digital power control systems, and sells its products to large original equipment manufacturers. The Company's systems consist mainly of programmable motion control and power conditioning systems used in the following applications: overhead cranes and hoists; elevators; coal mining equipment; and renewable energy sources. It is a North America's independent supplier of digital drives, radio controls, software and accessories for industrial cranes and hoists, and it is also a supplier of digital direct current (DC) motion control systems for elevators. The customers of Company include industrial crane and hoist companies in North America and the world's elevator builders. It is a provider of power control and delivery systems and solutions for overhead material handling applications used in industries such as: aerospace, automotive, steel, aluminum, paper, logging, mining, ship loading, nuclear power plants, locomotive yards, and heavy movable structures. The Company's material handling products include drive systems, radio remote controls, and braking, collision-avoidance, and electrification subsystems, sold mainly to original equipment manufacturers of overhead cranes and hoists. The Company also designs, builds, sells, and supports elevator application specific drive products and is recognized as a leader for DC high performance elevator drives, as well as AC drives for low and high performance traction elevators. The Company's elevator product offerings are comprised of integrated subsystems and drives used to control motion mainly in high-rise, high speed elevator applications. The Company's energy delivery product offerings include power inverters for fuel cells, solar panels and wind turbines, which deliver AC power from these energy sources to the utility power grid. The Company's main competitors included: Konecranes Inc., Power Electronics International, Inc., Cattron Group International (a division of Laird Technologies), Conductix-Wampfler (a division of Delachaux Group), Control Techniques (a division of Emerson Electric), OMRON Corporation, KEB GmbH, and Fujitec.
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