Anite's Enterprise Value for the quarter that ended in Apr. 2015 was $0.0 Mil.
Anite's EBIT for the trailing twelve months (TTM) ended in Apr. 2015 was $20.9 Mil. Anite's Earnings Yield (Joel Greenblatt) for the quarter that ended in Apr. 2015 was 0.00%.
The historical rank and industry rank for Anite's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
ANTUY'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 2.5 Med: 5.95 Max: 16.8
Current: 2.5
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Anite was 16.80%. The lowest was 2.50%. And the median was 5.95%.
ANTUY's Earnings Yield (Joel Greenblatt) % is not ranked
in the Software industry.
Industry Median: 1.23
vs ANTUY: 2.50
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) %. Anite's Forward Rate of Return (Yacktman) % for the quarter that ended in Apr. 2015 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.
Anite Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Anite'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 Software - Application subindustry, Anite'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.
Anite Earnings Yield (Joel Greenblatt) % Distribution
For the Software industry and Technology sector, Anite's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Anite'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.
Anites Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Apr. 2015 is calculated as
For company reported semi-annually or annually, GuruFocus only calculate annual data for Earnings Yield (Joel Greenblatt) and apply the annual figure to corresponding quarter.
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.
Anite Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Anite's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Anite PLC is a company incorporated in United Kingdom on March 7, 1984. It is a wireless testing company engaged in developing the software and hardware helping deliver the mobile technologies. The Company provides mobile device, infrastructure and network testing systems including hardware and software. The Company operates in two segments; Handset testing and Network testing. The Handset testing is a wireless test system enabling manufacturers to design efficient chipsets, mobile devices and network equipment. The Network testing technology enables mobile network operators and manufacturers to test and optimise their networks. The Company's Handset testing products include; Development Testing, Conformance Testing, Interoperability Testing, Propsim OTA Testing, Propsim Virtual Drive Testing, Propsim 802.11ac/n Testing, Propsim MANET Testing, Propsim Aerospace Testing, & Triton. The Company's Network testing products include; Nemo Outdoor, Nemo Handy, Nemo Walker Air, Nemo Invex, Nemo FSR1, Nemo Autonomous, Nemo Commander, Nemo Analyze, Nemo CEM Observer, and Nemo CEM Solution. Its customers include Device manufacturers, Chipset manufacturers, Mobile network operators, Mobile network operators, and Independent test companies.
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