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Railpower Technologies (Railpower Technologies) Earnings Yield (Joel Greenblatt) % : 0.00% (As of Sep. 2008)


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What is Railpower Technologies Earnings Yield (Joel Greenblatt) %?

Railpower Technologies's Enterprise Value for the quarter that ended in Sep. 2008 was $23.66 Mil. Railpower Technologies's EBIT for the trailing twelve months (TTM) ended in Sep. 2008 was $-36.43 Mil. Railpower Technologies's Earnings Yield (Joel Greenblatt) for the quarter that ended in Sep. 2008 was 0.00%.

The historical rank and industry rank for Railpower Technologies's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:

RLPHQ's Earnings Yield (Joel Greenblatt) % is not ranked *
in the Transportation industry.
Industry Median: 6.78
* 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) %. Railpower Technologies's Forward Rate of Return (Yacktman) % for the quarter that ended in Sep. 2008 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.


Railpower Technologies Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for Railpower Technologies'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.

Railpower Technologies Earnings Yield (Joel Greenblatt) % Chart

Railpower Technologies Annual Data
Trend Sep00 Sep01 Sep02 Sep03 Dec04 Dec05 Dec06 Dec07
Earnings Yield (Joel Greenblatt) %
Get a 7-Day Free Trial -12.00 -6.68 -22.22 -51.02 -121.95

Railpower Technologies Quarterly Data
Dec03 Mar04 Jun04 Sep04 Dec04 Mar05 Jun05 Sep05 Dec05 Mar06 Jun06 Sep06 Dec06 Mar07 Jun07 Sep07 Dec07 Mar08 Jun08 Sep08
Earnings Yield (Joel Greenblatt) % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - - -

Competitive Comparison of Railpower Technologies's Earnings Yield (Joel Greenblatt) %

For the Railroads subindustry, Railpower Technologies'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.


Railpower Technologies's Earnings Yield (Joel Greenblatt) % Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Railpower Technologies's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

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



Railpower Technologies 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.

Railpower Technologiess Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2007 is calculated as

Earnings Yield (Joel Greenblatt)=EBIT/Enterprise Value
=-64.56/53.224165
=-121.30 %

Railpower Technologies's EBIT for the trailing twelve months (TTM) ended in Sep. 2008 adds up the quarterly data reported by the company within the most recent 12 months, which was $-36.43 Mil.



Railpower Technologies  (OTCPK:RLPHQ) 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.


Railpower Technologies Earnings Yield (Joel Greenblatt) % Related Terms

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Railpower Technologies (Railpower Technologies) Business Description

Traded in Other Exchanges
N/A
Address
9955 De Catania Avenue, Suite 105, Brossard, QC, CAN, J4Z 3V5
Railpower Technologies Corp is engaged in the development, construction, marketing and sales of high performance, clean locomotives and power plants for the transportation and related industries.

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