What is MTGE Investment Earnings Yield (Joel Greenblatt) %?
MTGE Investment's Enterprise Value for the quarter that ended in Jun. 2018 was $0.00 Mil.
MTGE Investment's EBIT for the trailing twelve months (TTM) ended in Jun. 2018 was $132.51 Mil. MTGE Investment's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2018 was 12.87%.
The historical rank and industry rank for MTGE Investment's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
MTGEP.PFD'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -6.7 Med: 12.8 Max: 24.1
Current: 12.76
During the past 7 years, the highest Earnings Yield (Joel Greenblatt) of MTGE Investment was 24.10%. The lowest was -6.70%. And the median was 12.80%.
MTGEP.PFD's Earnings Yield (Joel Greenblatt) % is not ranked
in the REITs industry.
Industry Median: 2.82
vs MTGEP.PFD: 12.76
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) %. MTGE Investment's Forward Rate of Return (Yacktman) % for the quarter that ended in Jun. 2018 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.
MTGE Investment Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for MTGE Investment'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.
Competitive Comparison of MTGE Investment's Earnings Yield (Joel Greenblatt) %
For the REIT - Diversified subindustry, MTGE Investment'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.
MTGE Investment's Earnings Yield (Joel Greenblatt) % Distribution in the REITs Industry
For the REITs industry and Real Estate sector, MTGE Investment's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where MTGE Investment'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.
MTGE Investments Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2017 is calculated as
MTGE Investment's EBIT for the trailing twelve months (TTM) ended in Jun. 2018 adds up the quarterly data reported by the company within the most recent 12 months, which was $132.51 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.
MTGE Investment Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of MTGE Investment's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
MTGE Investment (MTGE Investment) Business Description
MTGE Investment is a hybrid mortgage REIT that invests in, finances, and manages a portfolio of agency mortgage-backed securities, nonagency mortgage investments, and other real estate-related assets. Its residential mortgage-backed securities, or RMBS, include residential mortgage pass-through certificates and collateralised mortgage obligations. Its nonagency mortgage investments comprise RMBS backed by residential mortgages, as well as prime and nonprime residential mortgage loans. The company generates its revenue from the interest earned and lease payments received on its investment assets. MTGE Investment's assets are externally managed by a subsidiary of AGNC Investment.
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