LendingClub's Enterprise Value for the quarter that ended in Mar. 2023 was $-746 Mil.
LendingClub's EBIT for the trailing twelve months (TTM) ended in Mar. 2023 was $0 Mil. LendingClub's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2023 was 0.00%.
The historical rank and industry rank for LendingClub's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
LC's Earnings Yield (Joel Greenblatt) % is not ranked *
in the Credit Services industry.
Industry Median: 2.14 * 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) %. LendingClub's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 2023 was -2.77%. 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.
LendingClub Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for LendingClub'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.
LendingClub Annual Data
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LendingClub Quarterly Data
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Competitive Comparison
For the Credit Services subindustry, LendingClub'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.
LendingClub Earnings Yield (Joel Greenblatt) % Distribution
For the Credit Services industry and Financial Services sector, LendingClub's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where LendingClub'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.
In his book, The Little That Beat the Market, hedge fund manager Joel Greenblatt defines Earnings Yield as operating income divided by enterprise value.
LendingClubs Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2022 is calculated as
LendingClub'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 $0 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.
LendingClub Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of LendingClub's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
LendingClub Corp is a company engaged in operating an online lending marketplace platform that connects borrowers and investors for the provision of the loan facility. It offers investors access to an asset class that has generally been closed to many investors and only available on a limited basis to institutional investors. The company through the platform offer loan products such as personal, education and patient finance, small business and auto to interested investors. It generates a majority of the revenue from the transaction fees received from the platform's role in accepting and decisioning applications on behalf of the bank partners to enable loan originations.
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