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PHP Ventures Acquisition's Enterprise Value for the quarter that ended in Sep. 2023 was $31.56 Mil. PHP Ventures Acquisition's EBIT for the trailing twelve months (TTM) ended in Sep. 2023 was $-2.43 Mil. PHP Ventures Acquisition's Earnings Yield (Joel Greenblatt) for the quarter that ended in Sep. 2023 was -7.69%.
The historical rank and industry rank for PHP Ventures Acquisition's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
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) %. PHP Ventures Acquisition's Forward Rate of Return (Yacktman) % for the quarter that ended in Sep. 2023 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.
The historical data trend for PHP Ventures Acquisition'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.
PHP Ventures Acquisition Annual Data | |||||
Trend | Dec21 | Dec22 | |||
Earnings Yield (Joel Greenblatt) % | - | -3.24 |
PHP Ventures Acquisition Quarterly Data | ||||||||||
May21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | |
Earnings Yield (Joel Greenblatt) % | Get a 7-Day Free Trial | -2.74 | -3.24 | -6.67 | -5.19 | -7.69 |
For the Shell Companies subindustry, PHP Ventures Acquisition'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.
For the Diversified Financial Services industry and Financial Services sector, PHP Ventures Acquisition's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where PHP Ventures Acquisition's Earnings Yield (Joel Greenblatt) % falls into.
In his book, The Little That Beat the Market, hedge fund manager Joel Greenblatt defines Earnings Yield as operating income divided by enterprise value.
PHP Ventures Acquisitions Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2022 is calculated as
Earnings Yield (Joel Greenblatt) | = | EBIT | / | Enterprise Value |
= | -2.57 | / | 79.364933 | |
= | -3.24 % |
PHP Ventures Acquisition'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 $-2.43 Mil.
PHP Ventures Acquisition (NAS:PPHP) 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.
Thank you for viewing the detailed overview of PHP Ventures Acquisition's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Polar Asset Management Partners Inc. | 10 percent owner | 16 YORK STREET SUITE 2900, TORONTO A6 M5J 0E6 |
Atlas Merchant Capital Llc | 10 percent owner | 477 MADISON AVENUE, 22ND FLOOR, NEW YORK NY 10022 |
Yakira Capital Management, Inc. | 10 percent owner | 1555 POST ROAD EAST, SUITE 202, WESTPORT CT 06880 |
Garry Richard Stein | officer: Chief Financial Officer | FLAT LB, 6/F, TOWER 3, AMBER HEMERA, OF LOHAS PARK, 1 LOHAS PARK ROAD, TSEUNG KWAN O, NEW TERRITORIES K3 00000 |
Plc Barclays | 10 percent owner | 1 CHURCHILL PLACE, CANARY WHARF, LONDON X0 E14 5HP |
Antony Gordon | director | C/O FISCHER ZIZBLATT & KISS, 1800 AVE OF THE STARS #320, LOS ANGELES CA 90067 |
Global Link Investment Llc | 10 percent owner | 25, JALAN SS19/4E, SUBANG JAYA, SELANGOR N8 47500 |
Ngoh Marcus Choo Yeow | director, officer: Chief Executive Officer | CT10-06 LEVEL 10 CORPORATE TOWER SUBANG, JALAN SS 15/4G SUBANG JAYA, SELANGOR N8 47500 |
Anih Donald Nnamdi Esq. | director | 16/18 OREMEJI STREET, LIVERPOOL ESTATE, SATELLITE TOWN, LAGOS Q5 102262 |
Phoon Khye Wang | director | 29-2, JALAN RADIN ANUM 2, SRI PETALING, KUALA LUMPUR N8 57000 |
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