What is Legend Power Systems Earnings Yield (Joel Greenblatt) %?
Legend Power Systems's Enterprise Value for the quarter that ended in Jun. 2024 was $19.67 Mil.
Legend Power Systems's EBIT for the trailing twelve months (TTM) ended in Jun. 2024 was $-2.53 Mil. Legend Power Systems's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2024 was -12.90%.
The historical rank and industry rank for Legend Power Systems's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
LPSIF'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -63.74 Med: -13.45 Max: -2.32
Current: -13.87
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Legend Power Systems was -2.32%. The lowest was -63.74%. And the median was -13.45%.
LPSIF's Earnings Yield (Joel Greenblatt) % is ranked worse than 92.89% of 3038
companies
in the Industrial Products industry
Industry Median: 3.71
vs LPSIF: -13.87
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) %. Legend Power Systems's Forward Rate of Return (Yacktman) % for the quarter that ended in Jun. 2024 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.
Legend Power Systems Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Legend Power Systems'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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Legend Power Systems Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of Legend Power Systems's Earnings Yield (Joel Greenblatt) %
For the Electrical Equipment & Parts subindustry, Legend Power Systems'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.
Legend Power Systems's Earnings Yield (Joel Greenblatt) % Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Legend Power Systems's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Legend Power Systems's Earnings Yield (Joel Greenblatt) % falls into.
Legend Power Systems 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.
Legend Power Systemss Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Sep. 2023 is calculated as
Legend Power Systems's EBIT for the trailing twelve months (TTM) ended in Jun. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-2.53 Mil.
Legend Power Systems (OTCPK:LPSIF) 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.
Legend Power Systems Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Legend Power Systems's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Legend Power Systems Inc together with its subsidiaries provides electrical energy conservation solutions to commercial and industrial customers in Canada. The Company's principal business activities are the assembly, marketing and sale of a patented device which is the SmartGATE, which enables dynamic power management of an entire commercial or industrial building. Business operating segments are based on geographical location of sale and installation of the SmartGATE products: Legend Power Systems Canada and Legend Power Systems Corp - U.S. Geographically, it derives a majority of revenue from Canada and also has a presence in the United States.
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