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Prelios SpA Earnings Yield (Joel Greenblatt) %

: -17.01% (As of Dec. 2017)
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Prelios SpA's Enterprise Value for the quarter that ended in Dec. 2017 was $146.06 Mil. Prelios SpA's EBIT for the trailing twelve months (TTM) ended in Dec. 2017 was $-32.55 Mil. Prelios SpA's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2017 was -17.01%.

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

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) %. Prelios SpA's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2017 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.


Prelios SpA Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for Prelios SpA'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.

Prelios SpA Annual Data
Trend Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17
Earnings Yield (Joel Greenblatt) %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -23.20 -11.85 -6.88 -16.75 -17.01

Prelios SpA Quarterly Data
Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17
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 -16.75 -10.65 -4.66 -14.35 -17.01

Competitive Comparison

For the Real Estate Services subindustry, Prelios SpA'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.

   

Prelios SpA Earnings Yield (Joel Greenblatt) % Distribution

For the Real Estate industry and Real Estate sector, Prelios SpA's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Prelios SpA's Earnings Yield (Joel Greenblatt) % falls into.



Prelios SpA 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.

Prelios SpAs Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2017 is calculated as

Earnings Yield (Joel Greenblatt)=EBIT/Enterprise Value
=-32.667455621302/146.06280887574
=-22.37 %

Prelios SpA's EBIT for the trailing twelve months (TTM) ended in Dec. 2017 adds up the quarterly data reported by the company within the most recent 12 months, which was $-32.55 Mil.



Prelios SpA  (GREY:PLLRF) 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.


Prelios SpA Earnings Yield (Joel Greenblatt) % Related Terms

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


Prelios SpA Business Description

Prelios SpA logo
Industry
Real Estate » Real Estate NAICS : 531190 SIC : 6531
Traded in Other Exchanges
N/A
Address
Via Valtellina, 15/17, Milan, ITA, 20159
Prelios is an European asset management company providing real estate and financial services. The company operates in Italy, Germany and Poland. Its services include Real estate fund management, Integrated property management services, Real estate agency, Valuations and Performing and non-performing loans management.

Prelios SpA Headlines

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