Signature Eyewear (Signature Eyewear) Earnings Yield (Joel Greenblatt) % : 7.67% (As of Apr. 2011)

Signature Eyewear Earnings Yield (Joel Greenblatt) % Chart

Signature Eyewear Annual Data
	Trend	Oct01	Oct02	Oct03	Oct04	Oct05	Oct06	Oct07	Oct08	Oct09	Oct10
Earnings Yield (Joel Greenblatt) %		Get a 7-Day Free Trial					7.84	11.85	12.94	15.11	12.95

Signature Eyewear Quarterly Data
	Jul06	Oct06	Jan07	Apr07	Jul07	Oct07	Jan08	Apr08	Jul08	Oct08	Jan09	Apr09	Jul09	Oct09	Jan10	Apr10	Jul10	Oct10	Jan11	Apr11
Earnings Yield (Joel Greenblatt) %	Get a 7-Day Free Trial															14.14	15.72	12.95	10.28	7.67

Competitive Comparison of Signature Eyewear's Earnings Yield (Joel Greenblatt) %

For the Medical Instruments & Supplies subindustry, Signature Eyewear'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.

Signature Eyewear's Earnings Yield (Joel Greenblatt) % Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Signature Eyewear's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

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

Signature Eyewear 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.

Signature Eyewears Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Oct. 2010 is calculated as

Signature Eyewear's EBIT for the trailing twelve months (TTM) ended in Apr. 2011 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.42 Mil.

Signature Eyewear  (OTCPK:SEYE) 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.

Signature Eyewear Earnings Yield (Joel Greenblatt) % Related Terms

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Signature Eyewear (Signature Eyewear) Business Description