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Aptose Biosciences's Enterprise Value for the quarter that ended in Dec. 2023 was $11.94 Mil. Aptose Biosciences's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was $-52.36 Mil. Aptose Biosciences's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was -454.55%.
The historical rank and industry rank for Aptose Biosciences's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Aptose Biosciences was 29884956.88%. The lowest was -99999999.99%. And the median was -197.31%.
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) %. Aptose Biosciences's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 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.
The historical data trend for Aptose Biosciences'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.
Aptose Biosciences Annual Data | |||||||||||||||||||||
Trend | May14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Earnings Yield (Joel Greenblatt) % | Get a 7-Day Free Trial | -8.17 | -20.92 | -142.86 | -588.24 | -454.55 |
Aptose Biosciences Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Earnings Yield (Joel Greenblatt) % | Get a 7-Day Free Trial | -588.24 | -178.57 | -625.00 | -1,111.11 | -454.55 |
For the Biotechnology subindustry, Aptose Biosciences'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.
For the Biotechnology industry and Healthcare sector, Aptose Biosciences's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Aptose Biosciences'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.
Aptose Biosciencess Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as
Earnings Yield (Joel Greenblatt) | = | EBIT | / | Enterprise Value |
= | -52.356 | / | 11.9365944 | |
= | -438.62 % |
Aptose Biosciences's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-52.36 Mil.
Aptose Biosciences (NAS:APTO) 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.
Thank you for viewing the detailed overview of Aptose Biosciences's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Bernd R. Seizinger | director | 535 BOYLSTON STREET, BOSTON MA 02116 |
William G. Rice | director, officer: Chair, President & CEO | C/O APTOSE BIOSCIENCES INC., 251 CONSUMERS ROAD, SUITE 1105, TORONTO A6 M2J 4R3 |
Fletcher Payne | officer: SR VP & Chief Fin. Officer | 260 LITTLEFIELD AVENUE, SOUTH SAN FRANCISCO CA 94080 |
Philippe Ledru | officer: Chief Commercial Officer | C/O APTOSE BIOSCIENCES INC., 2511 CONSUMERS ROAD, SUITE 1105, TORONTO A6 M2J 4R3 |
Denis R Burger | director | CYTODYN INC., 1111 MAIN STREET, SUITE 660, VANCOUVER WA 98660 |
Erich Platzer | director | |
Rafael Bejar | officer: Chief Medical Officer | C/O APTOSE BIOSCIENCES INC., 251 CONSUMERS ROAD, SUITE 1105, TORONTO A6 M2J 4R3 |
Wilson Donald R. Jr. | 10 percent owner | 540 W. MADISON ST., SUITE 2500, CHICAGO IL 60661 |
Drw Holdings, Llc | 10 percent owner | 540 W. MADISON ST., SUITE 2500, CHICAGO IL 60661 |
Drw Commodities, Llc | 10 percent owner | 540 W. MADISON ST., SUITE 2500, CHICAGO IL 60661 |
Warren Whitehead | director | C/O APTOSE BIOSCIENCES INC., 251 CONSUMERS ROAD, SUITE 1105, TORONTO A6 M2J 4R3 |
Gregory K. Chow | officer: Senior VP & CFO | C/O APTOSE BIOSCIENCES INC., 251 CONSUMERS ROAD, SUITE 1105, TORONTO A6 M2J 4R3 |
Jotin Marango | officer: Senior VP, Chief Bus. Officer | C/O APTOSE BIOSCIENCES INC., 251 CONSUMERS ROAD, SUITE 1105, TORONTO A6 M2J 4R3 |
Caroline M Loewy | director | 300 ELLIOTT AVE WEST, SUITE 500, SEATTLE WA 98119-4114 |
Mark D. Vincent | director | C/O APTOSE BIOSCIENCES INC., 251 CONSUMERS ROAD, SUITE 1105, TORONTO A6 M2J 4R3 |
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