What is tw telecom Earnings Yield (Joel Greenblatt) %?
tw telecom's Enterprise Value for the quarter that ended in Jun. 2014 was €5,234 Mil.
tw telecom's EBIT for the trailing twelve months (TTM) ended in Jun. 2014 was €110 Mil. tw telecom's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2014 was 2.67%.
The historical rank and industry rank for tw telecom's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
FRA:TWM'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 0.4 Med: 3.55 Max: 5.5
Current: 2.5
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of tw telecom was 5.50%. The lowest was 0.40%. And the median was 3.55%.
FRA:TWM's Earnings Yield (Joel Greenblatt) % is not ranked
in the Telecommunication Services industry.
Industry Median: 5.56
vs FRA:TWM: 2.50
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) %. tw telecom's Forward Rate of Return (Yacktman) % for the quarter that ended in Jun. 2014 was 7.85%. 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.
tw telecom Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for tw telecom'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 tw telecom's Earnings Yield (Joel Greenblatt) %
For the Telecom Services subindustry, tw telecom'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.
tw telecom's Earnings Yield (Joel Greenblatt) % Distribution in the Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, tw telecom's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where tw telecom'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.
tw telecoms Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2013 is calculated as
tw telecom's EBIT for the trailing twelve months (TTM) ended in Jun. 2014 adds up the quarterly data reported by the company within the most recent 12 months, which was €110 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.
tw telecom Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of tw telecom's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Tw telecom inc was formed in 1998. The Company together with its wholly-owned subsidiaries provide managed network services, specializing in business Ethernet, data networking, Converged, IP-based virtual private network or "IP VPN", Internet access, voice, including voice over Internet Protocol or "VoIP", and network security services to enterprise organizations, including public sector entities, and carriers throughout the U.S., including global locations. It offers a portfolio of solutions to its customers with predictable and reliable service quality. It designs and deliver scalable and efficient solutions that enable its customers complex and evolving business applications. These solutions emphasize its data networking service offerings, which include an expanding portfolio of business Ethernet data services, managed network services and its converged service offerings comprised of data, Internet, voice, security, remote access and managed routers. It also provides a broad range of traditional services, including a dedicated network service portfolio with private line, special access and private transport services, voice services and secure Internet access. Its customers include enterprise organizations in a wide variety of industry segments, including, among others, the financial services, technology and science, health care, distribution, manufacturing and professional services industries, data centers, cloud application providers, public sector entities, system integrators and communications service providers, including ILECs, CLECs, wireless communications companies and cable companies. Its primary competition is from the ILECs, CLECs and cable companies. The ILECs, primarily AT&T Inc., Verizon Communications, Inc. and CenturyLink Inc., other CLECs and some cable companies offer services substantially similar to some of those it offers and target some of the same customers. The Company is subject to regulation by the Federal Communications Commission ("FCC"), state regulatory authorities and local government agencies.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
FRA:TWM has been successfully added to your 