What is Green Block Mining Earnings Yield (Joel Greenblatt) %?
Green Block Mining's Enterprise Value for the quarter that ended in Aug. 2021 was C$30.52 Mil.
Green Block Mining's EBIT for the trailing twelve months (TTM) ended in Aug. 2021 was C$-13.08 Mil. Green Block Mining's Earnings Yield (Joel Greenblatt) for the quarter that ended in Aug. 2021 was -42.92%.
The historical rank and industry rank for Green Block Mining's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
XCNQ:GBMC's Earnings Yield (Joel Greenblatt) % is not ranked *
in the Software industry.
Industry Median: 1.13 * 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) %. Green Block Mining's Forward Rate of Return (Yacktman) % for the quarter that ended in Aug. 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.
Green Block Mining Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Green Block Mining'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.
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Green Block Mining Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of Green Block Mining's Earnings Yield (Joel Greenblatt) %
For the Software - Application subindustry, Green Block Mining'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.
Green Block Mining's Earnings Yield (Joel Greenblatt) % Distribution in the Software Industry
For the Software industry and Technology sector, Green Block Mining's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Green Block Mining's Earnings Yield (Joel Greenblatt) % falls into.
Green Block Mining 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.
Green Block Minings Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Nov. 2020 is calculated as
Green Block Mining's EBIT for the trailing twelve months (TTM) ended in Aug. 2021 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-13.08 Mil.
Green Block Mining (XCNQ:GBMC) 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.
Green Block Mining Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Green Block Mining's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Green Block Mining (XCNQ:GBMC) Business Description
Green Block Mining Corp, formerly Link Global Technologies Inc is a innovative power and infrastructure solution provider for digital mining and data hosting operations. LINK maximizes the potential of today's technologies through power solutions. It builds and manages semi-portable, self-contained power solutions that can be rapidly deployed in virtually any environment. With the low-cost, energy-efficient and smart infrastructure company provides digital mining services to third parties.
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