What is Sphere Medical Holding Earnings Yield (Joel Greenblatt) %?
Sphere Medical Holding's Enterprise Value for the quarter that ended in Dec. 2016 was £9.52 Mil.
Sphere Medical Holding's EBIT for the trailing twelve months (TTM) ended in Dec. 2016 was £-5.14 Mil. Sphere Medical Holding's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2016 was -54.05%.
The historical rank and industry rank for Sphere Medical Holding's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
LSE:SPHR'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -1653.3 Med: -42.6 Max: 3825.4
Current: 191.74
During the past 9 years, the highest Earnings Yield (Joel Greenblatt) of Sphere Medical Holding was 3825.40%. The lowest was -1653.30%. And the median was -42.60%.
LSE:SPHR's Earnings Yield (Joel Greenblatt) % is not ranked
in the Medical Devices & Instruments industry.
Industry Median: 0
vs LSE:SPHR: 191.74
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) %. Sphere Medical Holding's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 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.
Sphere Medical Holding Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Sphere Medical Holding'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.
Sphere Medical Holding Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of Sphere Medical Holding's Earnings Yield (Joel Greenblatt) %
For the Medical Devices subindustry, Sphere Medical Holding'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.
Sphere Medical Holding's Earnings Yield (Joel Greenblatt) % Distribution in the Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Sphere Medical Holding's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Sphere Medical Holding's Earnings Yield (Joel Greenblatt) % falls into.
Sphere Medical Holding 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.
Sphere Medical Holdings Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2016 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.
Sphere Medical Holding (LSE:SPHR) 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.
Sphere Medical Holding Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Sphere Medical Holding's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Sphere Medical Holding (LSE:SPHR) Business Description
Sphere Medical Holding Ltd is a UK-based company which is engaged in research and development, manufacturing and sale of medical monitoring and diagnostic equipment within the medical device area. It focuses on developing the Proxima platform for measuring blood gases, electrolytes and metabolites. Proxima is an in-line patient dedicated arterial blood analyser which supports frequent measurements at critical times. It markets its product (Proxima) to critical care market which includes ICU (Intensive Care Unit) and OR (Operating Room). The company's products are used in medical applications, enabling faster clinical decision-making and improved patient outcomes. It operates is business in single reporting segment of Medical devices. Most of the company's revenue comes from Europe.
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