What is Gensight Biologics Earnings Yield (Joel Greenblatt) %?
Gensight Biologics's Enterprise Value for the quarter that ended in Dec. 2023 was €46.18 Mil.
Gensight Biologics's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was €-23.07 Mil. Gensight Biologics's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was -50.00%.
The historical rank and industry rank for Gensight Biologics's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
XPAR:SIGHT'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -118.72 Med: -28.47 Max: -11.04
Current: -40.21
During the past 12 years, the highest Earnings Yield (Joel Greenblatt) of Gensight Biologics was -11.04%. The lowest was -118.72%. And the median was -28.47%.
XPAR:SIGHT's Earnings Yield (Joel Greenblatt) % is ranked worse than 70.3% of 1414
companies
in the Biotechnology industry
Industry Median: -15.29
vs XPAR:SIGHT: -40.21
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) %. Gensight Biologics's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2023 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.
Gensight Biologics Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Gensight Biologics'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.
Competitive Comparison of Gensight Biologics's Earnings Yield (Joel Greenblatt) %
For the Biotechnology subindustry, Gensight Biologics'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.
Gensight Biologics's Earnings Yield (Joel Greenblatt) % Distribution in the Biotechnology Industry
For the Biotechnology industry and Healthcare sector, Gensight Biologics's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Gensight Biologics's Earnings Yield (Joel Greenblatt) % falls into.
In his book, The Little That Beat the Market, hedge fund manager Joel Greenblatt defines Earnings Yield as operating income divided by enterprise value.
Gensight Biologicss Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as
For company reported semi-annually or annually, GuruFocus only calculate annual data for Earnings Yield (Joel Greenblatt) and apply the annual figure to corresponding quarter.
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.
Gensight Biologics Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Gensight Biologics's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Gensight Biologics (XPAR:SIGHT) Business Description
Gensight Biologics SA is a clinical-stage biotechnology group discovering and developing novel therapies for neurodegenerative retinal diseases and diseases of the central nervous system. The company's pipeline leverages two core technology platforms, the Mitochondrial Targeting Sequence, and Optogenetics, to help preserve or restore vision in patients suffering from severe degenerative retinal diseases. The group focus is on ophthalmology where it develops product candidates to restore eyesight to patients suffering from retinal diseases. The product candidate, LUMEVOQ, was developed using the MTS technology platform and is designed to treat LHON by restoring the function of retinal diseases resulting from mutations.
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