Precheck Health Service (Precheck Health Service) Earnings Yield (Joel Greenblatt) % : -69.44% (As of Sep. 2019)

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What is Precheck Health Service Earnings Yield (Joel Greenblatt) %?

Precheck Health Service's Enterprise Value for the quarter that ended in Sep. 2019 was $10.77 Mil. Precheck Health Service's EBIT for the trailing twelve months (TTM) ended in Sep. 2019 was $-7.50 Mil. Precheck Health Service's Earnings Yield (Joel Greenblatt) for the quarter that ended in Sep. 2019 was -69.44%.

The historical rank and industry rank for Precheck Health Service's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:

HLTY's Earnings Yield (Joel Greenblatt) % is not ranked ^*
in the Medical Devices & Instruments 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) %. Precheck Health Service's Forward Rate of Return (Yacktman) % for the quarter that ended in Sep. 2019 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.

Precheck Health Service Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for Precheck Health Service'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.

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Precheck Health Service Earnings Yield (Joel Greenblatt) % Chart

Precheck Health Service Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Earnings Yield (Joel Greenblatt) %

-6.66

-44.64

Precheck Health Service Quarterly Data
	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19
Earnings Yield (Joel Greenblatt) %	Get a 7-Day Free Trial													3.58	-44.64	-56.50	-95.24	-69.44

Competitive Comparison of Precheck Health Service's Earnings Yield (Joel Greenblatt) %

For the Medical Devices subindustry, Precheck Health Service'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.

Precheck Health Service's Earnings Yield (Joel Greenblatt) % Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Precheck Health Service's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Precheck Health Service's Earnings Yield (Joel Greenblatt) % falls into.

Precheck Health Service 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.

Precheck Health Services Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2018 is calculated as

Earnings Yield (Joel Greenblatt)	=	EBIT	/	Enterprise Value
	=	-6.571	/	14.7074
	=	-44.68 %

Precheck Health Service's EBIT for the trailing twelve months (TTM) ended in Sep. 2019 adds up the quarterly data reported by the company within the most recent 12 months, which was $-7.50 Mil.

Precheck Health Service (GREY:HLTY) 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

Forward Rate of Return (Yacktman) % based on Don Yacktman's definition is a better measure of the expected rate of return for a stock.

Precheck Health Service Earnings Yield (Joel Greenblatt) % Related Terms

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