What is Maxnerva Technology Services Earnings Yield (Joel Greenblatt) %?
Maxnerva Technology Services's Enterprise Value for the quarter that ended in Jun. 2023 was HK$28.6 Mil.
Maxnerva Technology Services's EBIT for the trailing twelve months (TTM) ended in Jun. 2023 was HK$-15.3 Mil. Maxnerva Technology Services's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2023 was 0.00%.
The historical rank and industry rank for Maxnerva Technology Services's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
HKSE:01037'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -9743.84 Med: 6.69 Max: 1646.12
Current: -52.36
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Maxnerva Technology Services was 1646.12%. The lowest was -9743.84%. And the median was 6.69%.
HKSE:01037's Earnings Yield (Joel Greenblatt) % is ranked worse than 93.34% of 2851
companies
in the Software industry
Industry Median: 1.11
vs HKSE:01037: -52.36
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) %. Maxnerva Technology Services's Forward Rate of Return (Yacktman) % for the quarter that ended in Jun. 2023 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.
Maxnerva Technology Services Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Maxnerva Technology Services'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.
For the Information Technology Services subindustry, Maxnerva Technology Services'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.
Maxnerva Technology Services's Earnings Yield (Joel Greenblatt) % Distribution in the Software Industry
For the Software industry and Technology sector, Maxnerva Technology Services's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Maxnerva Technology Services'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.
Maxnerva Technology Servicess Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2022 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.
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.
Maxnerva Technology Services Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Maxnerva Technology Services's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Maxnerva Technology Services (HKSE:01037) Business Description
Maxnerva Technology Services Ltd is an investment holding company engaged in the operating segments of Smart Office Business, Industrial Solution Business and New Retail Business. Smart Office business segment is engaged in the provision of video conference related solutions plus brand licensing and supply chain management of smart office equipment. Industrial Solution Business segment is involved in the provision of smart manufacturing solutions and services to improve the effectiveness and efficiency of production lines, plant facilities and the management of industrial parks .New Retail business segment provides advanced digital signage and other retail solutions to their customers It has a business presence in Hong Kong, the PRC, the United States, Taiwan and others.
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