TPG Pace Beneficial Finance (TPG Pace Beneficial Finance) Earnings Yield (Joel Greenblatt) % : 1.50% (As of Jun. 2022)

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What is TPG Pace Beneficial Finance Earnings Yield (Joel Greenblatt) %?

TPG Pace Beneficial Finance's Enterprise Value for the quarter that ended in Jun. 2022 was $429.16 Mil. TPG Pace Beneficial Finance's EBIT for the trailing twelve months (TTM) ended in Jun. 2022 was $6.44 Mil. TPG Pace Beneficial Finance's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2022 was 1.50%.

The historical rank and industry rank for TPG Pace Beneficial Finance's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:

TPGY's Earnings Yield (Joel Greenblatt) % is not ranked ^*
in the Diversified Financial Services industry.
Industry Median: -1.7
* Ranked among companies with meaningful Earnings Yield (Joel Greenblatt) % only.

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) %. TPG Pace Beneficial Finance's Forward Rate of Return (Yacktman) % for the quarter that ended in Jun. 2022 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.

TPG Pace Beneficial Finance Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for TPG Pace Beneficial Finance'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.

TPG Pace Beneficial Finance Earnings Yield (Joel Greenblatt) % Chart

TPG Pace Beneficial Finance Annual Data

Trend

Dec19

Dec20

Dec21

Earnings Yield (Joel Greenblatt) %

-0.37

0.29

TPG Pace Beneficial Finance Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22
Earnings Yield (Joel Greenblatt) %	Get a 7-Day Free Trial							-1.77	-2.42	0.29	1.04	1.50

Competitive Comparison of TPG Pace Beneficial Finance's Earnings Yield (Joel Greenblatt) %

For the Shell Companies subindustry, TPG Pace Beneficial Finance'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.

TPG Pace Beneficial Finance's Earnings Yield (Joel Greenblatt) % Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, TPG Pace Beneficial Finance's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where TPG Pace Beneficial Finance's Earnings Yield (Joel Greenblatt) % falls into.

TPG Pace Beneficial Finance 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.

TPG Pace Beneficial Finances Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2021 is calculated as

Earnings Yield (Joel Greenblatt)	=	EBIT	/	Enterprise Value
	=	1.247	/	434.0545
	=	0.29 %

TPG Pace Beneficial Finance's EBIT for the trailing twelve months (TTM) ended in Jun. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $6.44 Mil.

TPG Pace Beneficial Finance (NYSE:TPGY) 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

Forward Rate of Return (Yacktman) % based on Don Yacktman's definition is a better measure of the expected rate of return for a stock.

TPG Pace Beneficial Finance Earnings Yield (Joel Greenblatt) % Related Terms

Thank you for viewing the detailed overview of TPG Pace Beneficial Finance's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.

TPG Pace Beneficial Finance (TPG Pace Beneficial Finance) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » TPG Pace Beneficial Finance Corp (NYSE:TPGY) » Definitions » Earnings Yield (Joel Greenblatt) %

Comparable Companies

Traded in Other Exchanges

N/A

Address

301 Commerce Street, Suite 3300, Fort Worth, TX, USA, 76102

Website

https://www.tpg.com

TPG Pace Beneficial Finance Corp is a blank check company.

Executives

Jon Winkelried	director, 10 percent owner	C/O GOLDMAN, SACHS & CO., 85 BROAD STREET, NEW YORK NY 10004
Tybourne Capital Management (hk) Ltd	10 percent owner	SUITES 1021-25, 10/F, CHAMPION TOWER, 3 GARDEN ROAD, CENTRAL, HONG KONG K3 XXXXX
Light Street Mercury Master Fund, L.p.	10 percent owner	525 UNIVERSITY AVENUE, SUITE 300, PALO ALTO CA 94301
Light Street Capital Management, Llc	10 percent owner	505 HAMILTON AVENUE, SUITE 110, PALO ALTO CA 94301
Viswanathan Krishnan	10 percent owner	30/F, AIA CENTRAL, 1 CONNAUGHT ROAD C, HONG KONG K3 00000
Tybourne Capital Management Ltd	10 percent owner	30/F, AIA CENTRAL, 1 CONNAUGHT ROAD C, HONG KONG K3 XXXXX
Tybourne Kesari Ltd	10 percent owner	30/F, AIA CENTRAL, 1 CONNAUGHT ROAD C, HONG KONG K3 XXXXX
Glen Thomas Kacher	10 percent owner	525 UNIVERSITY AVENUE, SUITE 300, PALO ALTO CA 94301
Tpg Pace Beneficial Finance Sponsor, Series Llc	director, 10 percent owner	C/O TPG PACE BENEFICIAL FINANCE CORP.,, 301 COMMERCE STREET, SUITE 3300, FORT WORTH TX 76102
Chad A Leat	director	C/O UNITED AMERICA INDEMNITY GROUP INC., 3 BALA PLAZA EAST, SUITE 300, BALA CYNWYD PA 19004
Maryanne Hancock	director	C/O TPG PACE HOLDINGS, 301 COMMERCE STREET, SUITE 3300, FORT WORTH TX 76102
Nancy Mahon	director	C/O TPG PACE BENEFICIAL FINANCE CORP., 301 COMMERCE STREET, SUITE 3300, FORT WORTH TX 76102
Martin Davidson	officer: Chief Financial Officer	C/O TPG PACE ENERGY HOLDINGS CORP., 301 COMMERCE STREET, SUITE 3300, FORT WORTH TX 76102
Eduardo Tamraz	officer: Secretary	C/O TPG PACE ENERGY HOLDINGS CORP., 301 COMMERCE STREET, SUITE 3300, FORT WORTH TX 76102
Michael G. Macdougall	officer: President	301 COMMERCE STREET, SUITE 3300, FORT WORTH TX 76102