Chesapeake Lodging Trust's Enterprise Value for the quarter that ended in Jun. 2019 was $0.00 Mil.
Chesapeake Lodging Trust's EBIT for the trailing twelve months (TTM) ended in Jun. 2019 was $126.89 Mil. Chesapeake Lodging Trust's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2019 was 5.08%.
The historical rank and industry rank for Chesapeake Lodging Trust's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
CHSPPRACL.PFD'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 0.2 Med: 4.2 Max: 6.3
Current: 5.5
During the past 9 years, the highest Earnings Yield (Joel Greenblatt) of Chesapeake Lodging Trust was 6.30%. The lowest was 0.20%. And the median was 4.20%.
CHSPPRACL.PFD's Earnings Yield (Joel Greenblatt) % is not ranked
in the REITs industry.
Industry Median: 2.85
vs CHSPPRACL.PFD: 5.50
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) %. Chesapeake Lodging Trust's Forward Rate of Return (Yacktman) % for the quarter that ended in Jun. 2019 was 13.93%. 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.
Chesapeake Lodging Trust Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Chesapeake Lodging Trust'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.
Chesapeake Lodging Trust Annual Data
Trend
Dec10
Dec11
Dec12
Dec13
Dec14
Dec15
Dec16
Dec17
Dec18
Earnings Yield (Joel Greenblatt) %
3.47
4.59
4.94
4.70
6.17
Chesapeake Lodging Trust Quarterly Data
Sep14
Dec14
Mar15
Jun15
Sep15
Dec15
Mar16
Jun16
Sep16
Dec16
Mar17
Jun17
Sep17
Dec17
Mar18
Jun18
Sep18
Dec18
Mar19
Jun19
Earnings Yield (Joel Greenblatt) %
4.30
5.69
6.17
5.41
5.08
Competitive Comparison
For the REIT - Hotel & Motel subindustry, Chesapeake Lodging Trust'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.
Chesapeake Lodging Trust Earnings Yield (Joel Greenblatt) % Distribution
For the REITs industry and Real Estate sector, Chesapeake Lodging Trust's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Chesapeake Lodging Trust'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.
Chesapeake Lodging Trusts Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2018 is calculated as
Chesapeake Lodging Trust's EBIT for the trailing twelve months (TTM) ended in Jun. 2019 adds up the quarterly data reported by the company within the most recent 12 months, which was $126.89 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.
Chesapeake Lodging Trust Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Chesapeake Lodging Trust's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Chesapeake Lodging Trust (Chesapeake Lodging Trust) Business Description
Chesapeake Lodging Trust is a real estate investment trust that invests in upper-upscale hotels in business and convention markets and, selectively, premium select-service hotels in urban settings and other locations in the United States. The company operates through its hotel ownership segment. The firm's operations include management agreements, which includes partnering with third parties to manage its hotels; franchise agreements; and TRS lease agreements, which are intercompany agreements between Chesapeake's property-owning subsidiaries and its TRS lessees. The company's revenue streams include room, food and beverage, and other, of which the room segment contributes the vast majority of total revenue.
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