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Digital Turbine (NAS:APPS) Earnings Yield (Joel Greenblatt) %

: 2.95% (As of Mar. 2023)
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Digital Turbine's Enterprise Value for the quarter that ended in Mar. 2023 was $1,563.7 Mil. Digital Turbine's EBIT for the trailing twelve months (TTM) ended in Mar. 2023 was $46.2 Mil. Digital Turbine's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2023 was 2.95%.

The historical rank and industry rank for Digital Turbine's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:

APPS' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -48.19   Med: -10.53   Max: 8.39
Current: 3.67

During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Digital Turbine was 8.39%. The lowest was -48.19%. And the median was -10.53%.

APPS's Earnings Yield (Joel Greenblatt) % is ranked better than
65.06% of 2753 companies
in the Software industry
Industry Median: 0.97 vs APPS: 3.67

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) %. Digital Turbine's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 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.


Digital Turbine Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for Digital Turbine'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.

* Premium members only.

Digital Turbine Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Earnings Yield (Joel Greenblatt) %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.25 3.53 0.82 1.98 2.95

Digital Turbine Quarterly Data
Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23
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 1.98 4.62 5.69 4.46 2.95

Competitive Comparison

For the Software - Application subindustry, Digital Turbine'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.

   

Digital Turbine Earnings Yield (Joel Greenblatt) % Distribution

For the Software industry and Technology sector, Digital Turbine's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Digital Turbine's Earnings Yield (Joel Greenblatt) % falls in comparison to its industry or sector. The grey bar indicates the Earnings Yield (Joel Greenblatt) %'s extreme value range as defined by GuruFocus.



Digital Turbine 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.

Digital Turbines Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Mar. 2023 is calculated as

Earnings Yield (Joel Greenblatt)=EBIT/Enterprise Value
=46.165/1563.699156
=2.95 %

Digital Turbine's EBIT for the trailing twelve months (TTM) ended in Mar. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $46.2 Mil.



Digital Turbine  (NAS:APPS) 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.


Digital Turbine Earnings Yield (Joel Greenblatt) % Related Terms

Thank you for viewing the detailed overview of Digital Turbine's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.


Digital Turbine (NAS:APPS) Business Description

Digital Turbine logo
Industry
Traded in Other Exchanges
Address
110 San Antonio Street, Suite 160, Austin, TX, USA, 78701
Digital Turbine Inc is an independent mobile growth platform. It offers end-to-end products and solutions to all participants in the mobile application ecosystem, enabling brand discovery and advertising, user acquisition and engagement, and operational efficiency for advertisers. Its operating segments are On Device Media (ODM); In App Media-AdColony; and In App Media-Fyber. The company derives key revenue from the ODM segment by providing solutions to all participants in the mobile application ecosystem who want to connect with end users and consumers who hold the device, including mobile carriers and device original equipment manufacturers (OEMs) that participate in the app economy, app publishers and developers, and brands and advertising agencies. It has a global business presence.
Executives
Senthilkumaran Kanagaratnam officer: Chief Technology Officer 5717 LA SEYNE PLACE, SAN JOSE CA 95138
Matthew Gillis officer: President 2400 BOSTON STREET, SUITE 201, BALTIMORE MD 21224
Mary Spilman director C/O CRITEO LEGAL DEPT., 387 PARK AVENUE SOUTH, 12TH FLOOR, NEW YORK NY 10016
Michael Benjamin Miller officer: Chief Accounting Officer 360 WEST FOREST GROVE ROAD, LUCAS TX 75002
Holyce Hess Groos director 58 CHRISTIANA COURT, LAKE GEORGE NY 12845
Christine Collins officer: CTO 111 NUECES STREET, AUSTIN TX 78701
Michelle M Sterling director 5775 MOREHOUSE DRIVE, SAN DIEGO CA 92121
Roy H Chestnutt director 1095 AVENUE OF THE AMERICAS, 8TH FLOOR, NEW YORK NY 10036
J. Barrett Garrison officer: EVP, CFO 1300 GUADALUPE STREET, SUITE 302, AUSTIN TX 78701
David Wesch officer: Acting CAO 1300 GUADALUPE STREET, SUITE 302, AUSTIN TX 78701
Mohan S Gyani director 7277 164TH AVE NE, BLDG1, REDMOND WA 98052
Judson Bowman director 1300 GUADALUPE STREET, SUITE 302, AUSTIN TX 78701
Craig I Forman director 1375 PEACHTREE STREET, ATLANTA GA 30309
James Alejandro officer: Chief Accounting Officer 2811 CAHUENGA BOULEVARD WEST, LOS ANGELES CA 90068
Kirstie Elizabeth Brown officer: Head, Global Fin. Obligations 2811 CAHUENGA BOULEVARD WEST, LOS ANGELES CA 90068

Digital Turbine (NAS:APPS) Headlines

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