MLMN (Millennium Prime) Earnings Yield (Joel Greenblatt) %: 0.00% (As of Jun. 2010)

Millennium Prime  (OTCPK:MLMN) 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.

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

Millennium Prime Earnings Yield (Joel Greenblatt) % Related Terms

The historical data trend for Millennium Prime'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.

Millennium Prime Earnings Yield (Joel Greenblatt) % Chart

Millennium Prime Annual Data
	Trend	Sep00	Sep01	Sep02	Sep03	Sep04	Sep05	Sep06	Sep07	Sep08	Sep09
Earnings Yield (Joel Greenblatt) %		Get a 7-Day Free Trial					-222.22	-8.71	-2.42	-0.87	-17.27

Millennium Prime Quarterly Data
	Sep05	Dec05	Mar06	Jun06	Sep06	Dec06	Mar07	Jun07	Sep07	Dec07	Mar08	Jun08	Sep08	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10
Earnings Yield (Joel Greenblatt) %	Get a 7-Day Free Trial															0.00	0.00	0.00	0.00	0.00

MLMN vs MLFB, BTDG, GBBT: Earnings Yield (Joel Greenblatt) % Comparison

For the Beverages - Wineries & Distilleries subindustry, Millennium Prime'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.

Millennium Prime Earnings Yield (Joel Greenblatt) % vs Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Millennium Prime's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Millennium Prime's Earnings Yield (Joel Greenblatt) % falls into.

Millennium Prime 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.

Millennium Primes Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Sep. 2009 is calculated as

Millennium Prime's EBIT for the trailing twelve months (TTM) ended in Jun. 2010 adds up the quarterly data reported by the company within the most recent 12 months, which was $-33.52 Mil.

Millennium Prime Business Description