What is ALR Technologies SG Earnings Yield (Joel Greenblatt) %?
ALR Technologies SG's Enterprise Value for the quarter that ended in Jun. 2022 was $43.26 Mil.
ALR Technologies SG's EBIT for the trailing twelve months (TTM) ended in Jun. 2022 was $-3.70 Mil. ALR Technologies SG's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2022 was -16.47%.
The historical rank and industry rank for ALR Technologies SG's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
ALRTF'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -10.38 Med: 0 Max: 0
Current: -10.38
ALRTF's Earnings Yield (Joel Greenblatt) % is not ranked
in the Medical Devices & Instruments industry.
Industry Median: 0.205
vs ALRTF: -10.38
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) %. ALR Technologies SG'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.
ALR Technologies SG Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for ALR Technologies SG'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 Medical Devices subindustry, ALR Technologies SG'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.
ALR Technologies SG's Earnings Yield (Joel Greenblatt) % Distribution in the Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, ALR Technologies SG's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where ALR Technologies SG'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.
ALR Technologies SGs Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2022 is calculated as
ALR Technologies SG'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 $-3.70 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.
ALR Technologies SG Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of ALR Technologies SG's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
ALR Technologies SG (ALR Technologies SG) Business Description
ALR Technologies SG Ltd formerly ALR Technologies Inc is a medical device company, which focuses on commercializing its Health-e-Connect System. It has developed a compliance monitoring system that will allow healthcare professionals to remotely monitor patient health conditions and provide patient health management. The company's Health-e-Connect Remote Diabetes Management Program is remote monitoring and care facilitation program that allows patients to upload their blood glucose data from their glucometers. Its geographical segments are the United States, Singapore, and Others.
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