Electro Rent's Enterprise Value for the quarter that ended in Feb. 2016 was $211.1 Mil.
Electro Rent's EBIT for the trailing twelve months (TTM) ended in Feb. 2016 was $14.9 Mil. Electro Rent's Earnings Yield (Joel Greenblatt) for the quarter that ended in Feb. 2016 was 7.07%.
The historical rank and industry rank for Electro Rent's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
ELRC's Earnings Yield (Joel Greenblatt) % is not ranked *
in the Business Services industry.
Industry Median: 5.695 * 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) %. Electro Rent's Forward Rate of Return (Yacktman) % for the quarter that ended in Feb. 2016 was -7.33%. 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.
Electro Rent Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Electro Rent'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.
Electro Rent Annual Data
Trend
May06
May07
May08
May09
May10
May11
May12
May13
May14
May15
Earnings Yield (Joel Greenblatt) %
11.25
11.19
9.00
8.42
9.32
Electro Rent Quarterly Data
May11
Aug11
Nov11
Feb12
May12
Aug12
Nov12
Feb13
May13
Aug13
Nov13
Feb14
May14
Aug14
Nov14
Feb15
May15
Aug15
Nov15
Feb16
Earnings Yield (Joel Greenblatt) %
8.12
9.32
7.92
6.94
7.07
Competitive Comparison
For the Rental & Leasing Services subindustry, Electro Rent'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.
Electro Rent Earnings Yield (Joel Greenblatt) % Distribution
For the Business Services industry and Industrials sector, Electro Rent's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Electro Rent'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.
Electro Rents Earnings Yield (Joel Greenblatt) for the fiscal year that ended in May. 2015 is calculated as
Electro Rent's EBIT for the trailing twelve months (TTM) ended in Feb. 2016 adds up the quarterly data reported by the company within the most recent 12 months, which was $14.9 Mil.
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.
Electro Rent Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Electro Rent's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Electro Rent Corp was incorporated in California in 1965 and became a publicly held corporation in 1980. The Company rental, lease and sells of new and used electronic test and measurement equipment. The Company purchases that equipment from manufacturers such as Agilent and Tektronix primarily for use by its customers in the aerospace, telecommunications, defense, electronics, industrial and semiconductor industries. The Company data products division provides personal computers and servers from manufacturers including Dell, HP/Compaq, IBM, Toshiba and Apple. It has also expanded its rental, lease and sale of electrical test and inspection equipment used in the industrial industry, which includes electrical contractors and utility companies and their related support services providers. The Company's competitors in the North American T&M rental area include McGrath Rent Corp., Continental Resources, Test Equity and Microlease PLC. It competes for rental business with Microlease plc and Livingston Group Ltd. in Europe and Orix Corporation in Asia.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
ELRC has been successfully added to your 