What is Predictive Technology Group Earnings Yield (Joel Greenblatt) %?
Predictive Technology Group's Enterprise Value for the quarter that ended in Mar. 2021 was $60.76 Mil.
Predictive Technology Group's EBIT for the trailing twelve months (TTM) ended in Mar. 2021 was $-61.88 Mil. Predictive Technology Group's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2021 was -102.04%.
The historical rank and industry rank for Predictive Technology Group's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
PRED's Earnings Yield (Joel Greenblatt) % is not ranked *
in the Biotechnology industry.
Industry Median: -15.57 * 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) %. Predictive Technology Group's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 2021 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.
Predictive Technology Group Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Predictive Technology Group'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.
Predictive Technology Group Earnings Yield (Joel Greenblatt) % Chart
For the Biotechnology subindustry, Predictive Technology Group'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.
Predictive Technology Group's Earnings Yield (Joel Greenblatt) % Distribution in the Biotechnology Industry
For the Biotechnology industry and Healthcare sector, Predictive Technology Group's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Predictive Technology Group's Earnings Yield (Joel Greenblatt) % falls into.
Predictive Technology Group 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.
Predictive Technology Groups Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Jun. 2020 is calculated as
Predictive Technology Group's EBIT for the trailing twelve months (TTM) ended in Mar. 2021 adds up the quarterly data reported by the company within the most recent 12 months, which was $-61.88 Mil.
Predictive Technology Group (OTCPK:PRED) 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.
Predictive Technology Group Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Predictive Technology Group's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Predictive Technology Group (Predictive Technology Group) Business Description
Predictive Technology Group Inc (PRx) is a biotechnology company. It develops, commercializes, acquires and invests in technologies engaged in novel molecular diagnostic and therapeutic products in healthcare. The HCT/P segment offers minimally manipulated tissue products intended for homologous use, prepared utilizing proprietary extraction methods that reduce the loss of important scaffolding, growth factors and cytokines. The company's Diagnostics and Therapeutics segment uses data analytics for disease identification and subsequent therapeutic intervention through novel gene-based diagnostics, and companion therapeutics. It generates most of its revenues from HCT/Ps segment.
Predictive Technology Group (Predictive Technology Group) Headlines
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