What is Gameloft SE Earnings Yield (Joel Greenblatt) %?
Gameloft SE's Enterprise Value for the quarter that ended in Dec. 2015 was $542.7 Mil.
Gameloft SE's EBIT for the trailing twelve months (TTM) ended in Dec. 2015 was $-17.3 Mil. Gameloft SE's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2015 was -3.21%.
The historical rank and industry rank for Gameloft SE's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
GLOFY's Earnings Yield (Joel Greenblatt) % is not ranked *
in the Interactive Media industry.
Industry Median: 0 * 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) %. Gameloft SE's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2015 was -35.42%. 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.
Gameloft SE Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Gameloft SE'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.
* Premium members only.
Gameloft SE Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of Gameloft SE's Earnings Yield (Joel Greenblatt) %
For the Electronic Gaming & Multimedia subindustry, Gameloft SE'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.
Gameloft SE's Earnings Yield (Joel Greenblatt) % Distribution in the Interactive Media Industry
For the Interactive Media industry and Communication Services sector, Gameloft SE's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Gameloft SE's Earnings Yield (Joel Greenblatt) % falls into.
Gameloft SE 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.
Gameloft SEs Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2015 is calculated as
For company reported semi-annually or annually, GuruFocus only calculate annual data for Earnings Yield (Joel Greenblatt) and apply the annual figure to corresponding quarter.
Gameloft SE (OTCPK:GLOFY) 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.
Gameloft SE Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Gameloft SE's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Gameloft SE is a European company founded on 1st December 1999. The Company creates and publishes downloadable video games for mobile telephones, smartphones, touch tablets, set-top boxes, and Smart TVs. The Company develops all of its games in-house in its production studios and has its own portfolio of original properties with established franchises, such as Real Football, Asphalt, Modern Combat, Dungeon Hunter, Gangstar and Order & Chaos. On feature phones, smartphones and touch tablets, the Company has three main distribution networks for its games: telephone manufacturers, telecom operators, and its own distribution platform. The telephone manufacturers that are currently the Company's customers and partners are Nokia, Samsung, Apple, LG, ZTE, Motorola, RIM, Huawei, etc. The Company's games are distributed by more than 200 telecom operators in over 100 countries worldwide. Mobile and tablet games can also be downloaded directly from the various Company's portals.
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