SPI Energy Co's Enterprise Value for the quarter that ended in Sep. 2023 was $89.0 Mil.
SPI Energy Co's EBIT for the trailing twelve months (TTM) ended in Sep. 2023 was $-19.8 Mil. SPI Energy Co's Earnings Yield (Joel Greenblatt) for the quarter that ended in Sep. 2023 was -22.27%.
The historical rank and industry rank for SPI Energy Co's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
SPI'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -30.26 Med: -24.13 Max: -3.64
Current: -26.11
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of SPI Energy Co was -3.64%. The lowest was -30.26%. And the median was -24.13%.
SPI's Earnings Yield (Joel Greenblatt) % is ranked worse than 94.38% of 997
companies
in the Semiconductors industry
Industry Median: 2.01
vs SPI: -26.11
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) %. SPI Energy Co's Forward Rate of Return (Yacktman) % for the quarter that ended in Sep. 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.
SPI Energy Co Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for SPI Energy Co'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.
SPI Energy Co Annual Data
Trend
Dec13
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
Dec22
Earnings Yield (Joel Greenblatt) %
0.76
-12.02
-0.97
-22.52
-23.75
SPI Energy Co Quarterly Data
Dec16
Jun17
Dec17
Jun18
Dec18
Jun19
Dec19
Jun20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
Sep22
Dec22
Mar23
Jun23
Sep23
Earnings Yield (Joel Greenblatt) %
-22.57
-23.75
-27.47
-25.64
-22.27
Competitive Comparison
For the Solar subindustry, SPI Energy Co'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.
SPI Energy Co Earnings Yield (Joel Greenblatt) % Distribution
For the Semiconductors industry and Technology sector, SPI Energy Co's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where SPI Energy Co's Earnings Yield (Joel Greenblatt) % falls into.
SPI Energy Co 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.
SPI Energy Cos Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2022 is calculated as
SPI Energy Co's EBIT for the trailing twelve months (TTM) ended in Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-19.8 Mil.
SPI Energy Co (NAS:SPI) 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.
SPI Energy Co Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of SPI Energy Co's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
SPI Energy Co (SPI Energy Co) Business Description
SPI Energy Co Ltd offers photovoltaic solutions for business, residential, government, and utility customers and investors. The company provides a range of engineering, procurement, and construction services to third-party project developers. It is also engaged in the development, manufacture, and marketing of various PV modules. It procures PV modules and other equipment for project construction from independent suppliers and contract work to third-party EPC contractors in areas such as logistics, installation, construction, and supervision. The company's geographical segments are the United Kingdom, Australia, United States, Greece, Japan, and Italy, of which the majority of its revenue comes from Australia.
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