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Trinity Place Holdings Earnings Yield (Joel Greenblatt) %

: -3.12% (As of Jun. 2019)
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Trinity Place Holdings's Enterprise Value for the quarter that ended in Jun. 2019 was $276.59 Mil. Trinity Place Holdings's EBIT for the trailing twelve months (TTM) ended in Jun. 2019 was $-8.63 Mil. Trinity Place Holdings's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2019 was -3.12%.

AMEX:TPHS' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -28.6   Max: -1.9
Current: -3.18

-28.6
-1.9

During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Trinity Place Holdings was -1.90%. The lowest was -28.60%. And the median was -2.80%.

AMEX:TPHS's Earnings Yield (Joel Greenblatt) % is ranked lower than
87% of the 1685 Companies
in the Real Estate Services industry.

( Industry Median: 6.55 vs. AMEX:TPHS: -3.18 )

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) %. Trinity Place Holdings's Forward Rate of Return (Yacktman) % for the quarter that ended in Jun. 2019 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.


Trinity Place Holdings Earnings Yield (Joel Greenblatt) % Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

Trinity Place Holdings Annual Data
Feb06 Feb07 Feb08 Feb09 Feb10 Feb11 Feb15 Dec16 Dec17 Dec18
Earnings Yield (Joel Greenblatt) % Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 -0.26 -2.51 -2.10 -3.03

Trinity Place Holdings Quarterly Data
Feb11 May11 Aug11 May15 Aug15 Nov15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19
Earnings Yield (Joel Greenblatt) % 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 Premium Member Only Premium Member Only Premium Member Only -2.03 -2.42 -3.03 -3.11 -3.12

Competitive Comparison
* 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.


Trinity Place Holdings Earnings Yield (Joel Greenblatt) % Distribution

* The bar in red indicates where Trinity Place Holdings's Earnings Yield (Joel Greenblatt) % falls into.



Trinity Place Holdings 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.

Trinity Place Holdingss Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2018 is calculated as

Earnings Yield (Joel Greenblatt)=EBIT/Enterprise Value
=-7.599/249.1546
=-3.05 %

Trinity Place Holdings's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2019 is calculated as

Earnings Yield (Joel Greenblatt)=EBIT (TTM)/Enterprise Value
=-8.632/276.59
=-3.12 %

Trinity Place Holdings's EBIT for the trailing twelve months (TTM) ended in Jun. 2019 was -2.304 (Sep. 2018 ) + -1.898 (Dec. 2018 ) + -2.132 (Mar. 2019 ) + -2.298 (Jun. 2019 ) = $-8.63 Mil.



Trinity Place Holdings  (AMEX:TPHS) 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.


Trinity Place Holdings Earnings Yield (Joel Greenblatt) % Related Terms


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