What is Apollo Education Group Earnings Yield (Joel Greenblatt) %?
Apollo Education Group's Enterprise Value for the quarter that ended in Nov. 2016 was $458 Mil.
Apollo Education Group's EBIT for the trailing twelve months (TTM) ended in Nov. 2016 was $-11 Mil. Apollo Education Group's Earnings Yield (Joel Greenblatt) for the quarter that ended in Nov. 2016 was -2.35%.
The historical rank and industry rank for Apollo Education Group's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
APOL's Earnings Yield (Joel Greenblatt) % is not ranked *
in the Education industry.
Industry Median: 5.59 * 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) %. Apollo Education Group's Forward Rate of Return (Yacktman) % for the quarter that ended in Nov. 2016 was -24.90%. 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.
Apollo Education Group Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Apollo Education Group'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.
Apollo Education Group Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of Apollo Education Group's Earnings Yield (Joel Greenblatt) %
For the Education & Training Services subindustry, Apollo Education Group'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.
Apollo Education Group's Earnings Yield (Joel Greenblatt) % Distribution in the Education Industry
For the Education industry and Consumer Defensive sector, Apollo Education Group's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Apollo Education Group's Earnings Yield (Joel Greenblatt) % falls into.
Apollo Education Group 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.
Apollo Education Groups Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Aug. 2016 is calculated as
Apollo Education Group's EBIT for the trailing twelve months (TTM) ended in Nov. 2016 adds up the quarterly data reported by the company within the most recent 12 months, which was $-11 Mil.
Apollo Education Group (NAS:APOL) 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.
Apollo Education Group Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Apollo Education Group's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Apollo Education Group (Apollo Education Group) Business Description
Apollo Education Group Inc was incorporated in Arizona in 1981. It offers educational programs and services, online and on-campus at the undergraduate, master's and doctoral levels. Its learning platforms include the following The University of Phoenix, Inc., Apollo Global, Inc. which also includes BPP Holdings Limited, Universidad Latinoamericana, Universidad de Artes, Ciencias y Comunicación, and Indian Education Services Private Ltd., Western International University, Inc., Institute for Professional Development, The College for Financial Planning Institutes Corporation, Carnegie Learning, Inc., and Apollo Lightspeed. Its institutions offer Accredited Degree Programs, Professional Examinations Training and Professional Development, and Employers. The Company's international operations include full-time and part-time courses, delivered on-campus or online, for professional examination preparation, professional development training and various degree/certificate/diploma programs. It competes mainly with traditional public and private two-year and four-year degree-granting regionally accredited colleges and universities, other proprietary degree-granting regionally accredited schools and alternatives to higher education. Its domestic postsecondary institutions are subject to extensive federal and state regulations.
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