FRPC (First Republic of America) Earnings Yield (Joel Greenblatt) %: 0.00% (As of Mar. 2004)

First Republic of America  (OTCPK:FRPC) 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.

First Republic of America Earnings Yield (Joel Greenblatt) % Related Terms

The historical data trend for First Republic of America'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.

First Republic of America Earnings Yield (Joel Greenblatt) % Chart

First Republic of America Quarterly Data
	Jun01	Sep01	Dec01	Mar02	Jun02	Sep02	Dec02	Mar03	Jun03	Sep03	Dec03	Mar04
Earnings Yield (Joel Greenblatt) %	Get a 7-Day Free Trial							0.00	0.00	0.00	0.00	0.00

First Republic of America Earnings Yield (Joel Greenblatt) % Competitor Comparison

For the Specialty Business Services subindustry, First Republic of America'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.

First Republic of America Earnings Yield (Joel Greenblatt) % vs Business Services Industry

For the Business Services industry and Industrials sector, First Republic of America's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where First Republic of America's Earnings Yield (Joel Greenblatt) % falls into.

First Republic of America 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.

First Republic of Americas Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Jun. 2003 is calculated as

First Republic of America's EBIT for the trailing twelve months (TTM) ended in Mar. 2004 adds up the quarterly data reported by the company within the most recent 12 months, which was $-6.30 Mil.

First Republic of America Business Description