What is The Pegasus Earnings Yield (Joel Greenblatt) %?
The Pegasus's Enterprise Value for the quarter that ended in Sep. 2006 was $27.32 Mil.
The Pegasus's EBIT for the trailing twelve months (TTM) ended in Sep. 2006 was $-36.51 Mil. The Pegasus's Earnings Yield (Joel Greenblatt) for the quarter that ended in Sep. 2006 was 0.00%.
The historical rank and industry rank for The Pegasus's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
PEGX's Earnings Yield (Joel Greenblatt) % is not ranked *
in the Media - Diversified industry.
Industry Median: 3.04 * Ranked among companies with meaningful Earnings Yield (Joel Greenblatt) % only.
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) %. The Pegasus's Forward Rate of Return (Yacktman) % for the quarter that ended in Sep. 2006 was -104.60%. 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.
The Pegasus Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for The Pegasus'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.
The Pegasus Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of The Pegasus's Earnings Yield (Joel Greenblatt) %
For the Broadcasting subindustry, The Pegasus'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.
The Pegasus's Earnings Yield (Joel Greenblatt) % Distribution in the Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, The Pegasus's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where The Pegasus's Earnings Yield (Joel Greenblatt) % falls into.
The Pegasus 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.
The Pegasuss Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2005 is calculated as
The Pegasus's EBIT for the trailing twelve months (TTM) ended in Sep. 2006 adds up the quarterly data reported by the company within the most recent 12 months, which was $-36.51 Mil.
The Pegasus (OTCPK:PEGX) 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.
The Pegasus Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of The Pegasus's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
The Pegasus Companies Inc is the holding company for a variety of satellite and media companies. The company previously operated as an independent provider of DIRECTV to more than 1.1 million subscribers but went into bankruptcy following the termination of the relationship. The company primarily owns and operates six broadcast TV stations and operates three others. These stations serve markets in Tennessee, Florida, Pennsylvania, and Maine.
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