What is International Shipholding Earnings Yield (Joel Greenblatt) %?
International Shipholding's Enterprise Value for the quarter that ended in Mar. 2016 was $0.00 Mil.
International Shipholding's EBIT for the trailing twelve months (TTM) ended in Mar. 2016 was $-164.63 Mil. International Shipholding's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2016 was -133.33%.
The historical rank and industry rank for International Shipholding's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
ISHBQ.PFD'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -151.5 Med: 7.8 Max: 16.1
Current: -151.5
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of International Shipholding was 16.10%. The lowest was -151.50%. And the median was 7.80%.
ISHBQ.PFD's Earnings Yield (Joel Greenblatt) % is not ranked
in the Transportation industry.
Industry Median: 7.31
vs ISHBQ.PFD: -151.50
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) %. International Shipholding's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 2016 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.
International Shipholding Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for International Shipholding'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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International Shipholding Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of International Shipholding's Earnings Yield (Joel Greenblatt) %
For the Marine Shipping subindustry, International Shipholding'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.
International Shipholding's Earnings Yield (Joel Greenblatt) % Distribution in the Transportation Industry
For the Transportation industry and Industrials sector, International Shipholding's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where International Shipholding's Earnings Yield (Joel Greenblatt) % falls into.
International Shipholding 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.
International Shipholdings Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2015 is calculated as
International Shipholding's EBIT for the trailing twelve months (TTM) ended in Mar. 2016 adds up the quarterly data reported by the company within the most recent 12 months, which was $-164.63 Mil.
International Shipholding (OTCPK:ISHBQ.PFD) 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.
International Shipholding Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of International Shipholding's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
International Shipholding Corp was originally founded as Central Gulf Steamship Corporation in 1947. Central Gulf was privately held until 1971 when it merged with Trans Union Corporation ("Trans Union"). In 1978, International Shipholding Corporation was formed to act as a holding company for Central Gulf, LCI, and certain other affiliated companies in connection with the 1979 spin off by Trans Union of its common stock to Trans Union's stockholders. Through its subsidiaries, it operates a fleet of U.S. and International Flag vessels that provide international and domestic maritime transportation services to commercial and governmental customers under medium to long-term time charters or contracts of affreightment. As of December 31, 2014 it owned or operated 54 ocean-going vessels. Its segments include Jones Act, Pure Car Truck Carriers, Dry Bulk Carriers, Rail-Ferry, Specialty Contracts, and Other. Its Rail-Ferry segment faces competition from companies who transport cargo over land rather than water including railroads and trucking companies that cross land borders. The Company's operations between the United States and foreign countries are subject to the Shipping Act of 1984, which is administered by the Federal Maritime Commission, and certain provisions of the Federal Water Pollution Control Act, the Oil Pollution Act of 1990, the Act to Prevent Pollution from Ships, and the Comprehensive Environmental Response Compensation and Liability Act, all of which are administered by the U.S. Coast Guard and other federal agencies, and certain other international, federal, state, and local laws and regulations, including international conventions and laws and regulations of the flag nations of its vessels.
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