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Luna Innovations's Enterprise Value for the quarter that ended in Sep. 2023 was $233.0 Mil.
Luna Innovations's EBIT for the trailing twelve months (TTM) ended in Sep. 2023 was $0.4 Mil. Luna Innovations's Earnings Yield (Joel Greenblatt) for the quarter that ended in Sep. 2023 was 0.19%.
The historical rank and industry rank for Luna Innovations's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
LUNA'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 0 Med: 0 Max: 1.14
Current: 1.09
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Luna Innovations was 1.14%. The lowest was 0.00%. And the median was 0.00%.
LUNA's Earnings Yield (Joel Greenblatt) % is not ranked
in the Hardware industry.
Industry Median: 2.18
vs LUNA: 1.09
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) %. Luna Innovations's Forward Rate of Return (Yacktman) % for the quarter that ended in Sep. 2023 was -3.40%. The Forward Rate of Return uses the normalized Free Cash Flow of the past five 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.
Luna Innovations (OTCPK:LUNA) 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.
Luna Innovations Earnings Yield (Joel Greenblatt) % Related Terms
Luna Innovations Earnings Yield (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Luna Innovations'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.
Luna Innovations Earnings Yield (Joel Greenblatt) % Chart
LUNA vs ODYS, WRAP, SOTK: Earnings Yield (Joel Greenblatt) % Comparison
For the Scientific & Technical Instruments subindustry, Luna Innovations'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.
Luna Innovations Earnings Yield (Joel Greenblatt) % vs Hardware Industry
For the Hardware industry and Technology sector, Luna Innovations's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Luna Innovations's Earnings Yield (Joel Greenblatt) % falls into.
Luna Innovations 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.
Luna Innovationss Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2022 is calculated as
Luna Innovations's EBIT for the trailing twelve months (TTM) ended in Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.4 Mil.
What does a Earnings Yield (Joel Greenblatt) % of 0.19% mean?
Luna Innovations (LUNA) has a Earnings Yield (Joel Greenblatt) % of 0.19% as of Sep. 2023. Joel Greenblatt's earnings yield equals the ratio of earnings before interest and taxes to enterprise value. View historical data on Luna Innovations and its competitors.
Is Luna Innovations' Earnings Yield (Joel Greenblatt) % too high?
Luna Innovations' current Earnings Yield (Joel Greenblatt) % is 0.19%. The Hardware industry median Earnings Yield (Joel Greenblatt) % is 2.18. Luna Innovations' value of 0.19% is 91.3% below this industry median. Overall, Luna Innovations has a GF Score™ of 16/100, reflecting its overall financial health beyond just this single metric.
How does Luna Innovations' Earnings Yield (Joel Greenblatt) % compare to ODYS and WRAP?
Luna Innovations' Earnings Yield (Joel Greenblatt) % of 0.19% can be compared against companies in the Hardware industry. The industry median Earnings Yield (Joel Greenblatt) % is 2.18. Luna Innovations' value of 0.19% is 91.3% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Earnings Yield (Joel Greenblatt) % for a Hardware company?
The median Earnings Yield (Joel Greenblatt) % among Hardware companies is 2.18, based on 2,494 companies in the industry. Companies in the top quartile (top 25%) have a Earnings Yield (Joel Greenblatt) % significantly above this median, while those in the bottom quartile fall well below. However, Earnings Yield (Joel Greenblatt) % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Luna Innovations's current Earnings Yield (Joel Greenblatt) % of 0.19% is 91.3% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Earnings Yield (Joel Greenblatt) % mean?
A high Earnings Yield (Joel Greenblatt) % can signal that a stock is expensive relative to its fundamentals. Joel Greenblatt's earnings yield equals the ratio of earnings before interest and taxes to enterprise value. View historical data on Luna Innovations and its competitors. For the Hardware industry, the median Earnings Yield (Joel Greenblatt) % is 2.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Luna Innovations's current Earnings Yield (Joel Greenblatt) % is 0.19%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Luna Innovations stock overvalued right now?
Luna Innovations (LUNA) has a current Earnings Yield (Joel Greenblatt) % of 0.19%. The current Earnings Yield (Joel Greenblatt) % is 0.19% and 91.3% below the Hardware industry median of 2.18. Luna Innovations' overall GF Score™ is 16/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Earnings Yield (Joel Greenblatt) % calculated?
Earnings Yield (Joel Greenblatt) % is calculated from a company's financial statements. For Luna Innovations (LUNA), the current Earnings Yield (Joel Greenblatt) % is 0.19% as of Sep. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Luna Innovations Inc is engaged in optical technology, providing high-performance fiber optic test, measurement, and control products for the telecommunications, and photonics industries, and distributed fiber optic sensing solutions that measure and monitor materials and structures for applications in aerospace, automotive, oil, and gas, security, and infrastructure. Its Lightwave segment develops, manufactures, and markets optical measurements technologies like Sensing including short, medium, and long-range distributed fiber optic sensing solutions and Terahertz measurement products, and Communications test and photonic control including test equipment for communications devices and networks and specialty laser and photonic components. It derives a majority of its revenue from the U.S.
16GF Score
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