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LivePerson's Enterprise Value for the quarter that ended in Dec. 2023 was $714.0 Mil. LivePerson's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was $-86.4 Mil. LivePerson's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was -12.11%.
The historical rank and industry rank for LivePerson'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 LivePerson was 1.30%. The lowest was -33.99%. And the median was -2.34%.
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) %. LivePerson'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 LivePerson'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.
For the Software - Application subindustry, LivePerson'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 Software industry and Technology sector, LivePerson's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where LivePerson'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.
LivePersons Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as
Earnings Yield (Joel Greenblatt) | = | EBIT | / | Enterprise Value |
= | -86.433 | / | 714.008746 | |
= | -12.11 % |
LivePerson'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 $-86.4 Mil.
LivePerson (NAS:LPSN) 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 LivePerson's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
John Deneen Collins | officer: Chief Financial Officer | LIVEPERSON, INC., 475 TENTH AVENUE, 5TH FLOOR, NEW YORK NY 10018 |
Jeffrey Ford | officer: Chief Accounting Officer | 530 7TH AVE., FLOOR M1, NEW YORK NY 10018 |
Alex Kroman | officer: EVP, Product and Technology | 530 7TH AVE., FLOOR M1, NEW YORK NY 10018 |
Norman M. Osumi | officer: Chief Accounting Officer | C/O LIVEPERSON, INC., 475 TENTH AVENUE, 5TH FLOOR, NEW YORK NY 10018 |
Monica L. Greenberg | officer: EVP, General Counsel | LIVEPERSON, INC., 462 SEVENTH AVENUE 3RD FLOOR, NEW YORK NY 10018 |
Robert P Locascio | director, 10 percent owner, officer: Chief Executive Officer | C/O LIVEPERSON INC, 462 SEVENTH AVENUE, NEW YORK NY 10018 |
William Wesemann | director | 130 MONTALVO ROAD, REDWOOD CITY CA 94062 |
James R. Miller | director | 4050 EAST COTTON CENTER BLVD. 6-68, PHOENIX AZ 85040 |
Bruce Edward Hansen | director | 17732 VINEYARD LANE, POWAY CA 92064 |
Vanessa Pegueros | director | C/O CARBON BLACK, INC., 1100 WINTER STREET, WALTHAM MA 02451 |
Yael Zheng | director | 345 ENCINAL STREET, SANTA CRUZ CA 95060 |
Alexander Spinelli | officer: EVP, Chief Technology Officer | LIVEPERSON, INC., 475 TENTH AVENUE, 5TH FLOOR, NEW YORK NY 10018 |
Kevin Lavan | director | 44 HILLCREST ROAD, MARTINSVILLE NJ 08836 |
Ernest T. Cu | director | LIVEPERSON, INC., 475 TENTH AVENUE, 5TH FLOOR, NEW YORK NY 10018 |
Daryl Carlough | officer: SVP, Global & Corp Controller | BEDMINSTER ONE, 135 US HIGHWAY 202/206, SUITE 11, BEDMINSTER NJ 07921 |
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