Third Bench (Third Bench) Earnings Yield (Joel Greenblatt) % : -43.29% (As of May. 2023)

Third Bench Earnings Yield (Joel Greenblatt) % Chart

Third Bench Annual Data
	Trend	Aug07	Aug08	Aug09	Aug10	Aug11	Aug12	Aug13	Aug14	Aug15
Earnings Yield (Joel Greenblatt) %		Get a 7-Day Free Trial				-3.88	-18.98	-43.29	-109.89	2.89

Third Bench Quarterly Data
	Nov09	Feb10	May10	Aug10	Nov10	Feb11	May11	Aug11	Nov11	Feb12	May12	Aug12	Nov12	Feb13	May13	Aug13	Aug14	Aug15	May22	May23
Earnings Yield (Joel Greenblatt) %	Get a 7-Day Free Trial															-43.29	-109.89	2.89	-11.47	-43.29

Competitive Comparison of Third Bench's Earnings Yield (Joel Greenblatt) %

For the Furnishings, Fixtures & Appliances subindustry, Third Bench'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.

Third Bench's Earnings Yield (Joel Greenblatt) % Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Third Bench's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

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

Third Bench 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.

Third Benchs Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Aug. 2015 is calculated as

Third Bench's EBIT for the trailing twelve months (TTM) ended in May. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-4.79 Mil.

Third Bench  (OTCPK:THBD) 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.

Third Bench Earnings Yield (Joel Greenblatt) % Related Terms

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Third Bench (Third Bench) Business Description