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P10 Holdings (P10 Holdings) Earnings Yield (Joel Greenblatt) % : 0.78% (As of Dec. 2020)


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What is P10 Holdings Earnings Yield (Joel Greenblatt) %?

P10 Holdings's Enterprise Value for the quarter that ended in Dec. 2020 was $1,109.42 Mil. P10 Holdings's EBIT for the trailing twelve months (TTM) ended in Dec. 2020 was $9.06 Mil. P10 Holdings's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2020 was 0.78%.

The historical rank and industry rank for P10 Holdings's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:

PIOE's Earnings Yield (Joel Greenblatt) % is not ranked *
in the Asset Management industry.
Industry Median: 0
* 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) %. P10 Holdings's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2020 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.


P10 Holdings Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for P10 Holdings'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.

P10 Holdings Earnings Yield (Joel Greenblatt) % Chart

P10 Holdings Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Earnings Yield (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -43.48 -0.28 3.30 5.08 0.78

P10 Holdings Quarterly Data
Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20
Earnings Yield (Joel Greenblatt) % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.08 4.14 2.78 1.85 0.78

Competitive Comparison of P10 Holdings's Earnings Yield (Joel Greenblatt) %

For the Asset Management subindustry, P10 Holdings'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.


P10 Holdings's Earnings Yield (Joel Greenblatt) % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, P10 Holdings's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where P10 Holdings's Earnings Yield (Joel Greenblatt) % falls into.



P10 Holdings 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.

P10 Holdingss Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2020 is calculated as

Earnings Yield (Joel Greenblatt)=EBIT/Enterprise Value
=8.689/1096.355
=0.79 %

P10 Holdings's EBIT for the trailing twelve months (TTM) ended in Dec. 2020 adds up the quarterly data reported by the company within the most recent 12 months, which was $9.06 Mil.



P10 Holdings  (OTCPK:PIOE) 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.

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


P10 Holdings Earnings Yield (Joel Greenblatt) % Related Terms

Thank you for viewing the detailed overview of P10 Holdings's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.


P10 Holdings (P10 Holdings) Business Description

Traded in Other Exchanges
N/A
Address
4514 Cole Avenue, Suite 160, Dallas, TX, USA, 75205
P10 Holdings Inc is an asset management company. Its existing portfolio of solutions across private equity, venture capital, private credit, and impact investing support its mission by offering a comprehensive set of investment vehicles to its investors, including primary fund of funds, secondary investment, direct investment, and co-investments, alongside separate accounts. The company generates the majority of its revenue from Management & advisory fees.
Executives
Mark C Hood director C/O CROSSROADS SYSTEMS, INC., 11000 N. MOPAC EXPRESSWAY #150, AUSTIN TX 78759
C Clark Webb director 8214 WESTCHESTER DRIVE, SUITE 950, DALLAS TX 75225
Robert H Alpert director 8214 WESTCHESTER DRIVE, SUITE 950, DALLAS TX 75225
210 Capital, Llc 10 percent owner 8214 WESTCHESTER DRIVE, SUITE 950, DALLAS TX 75225
Perlus Microcap Fund L.p. 10 percent owner CRICKET SQUARE, HUTCHINS DRIVE, P.O. BOX 268, GRAND CAYMAN E9 KY1-1111
James Powers officer: Chief Financial Officer 2128 W. BRAKER LANE, BK12, AUSTIN TX 78758
Steven R Fife officer: CFO and VP of Finance C/O LECG 2000 POWELL STREET, STE 600, EMERYVILLE CA 94608
Martin T. Olsen officer: VP of Global Sales and Mktg 2128 W. BRAKER LANE BK12, AUSTIN TX 78758
Stephen J Clearman director, 10 percent owner ONE EXECUTIVE DRIVE, SUITE 160, FORT LEE NJ 07024
John K Penver officer: Chief Financial Officer 3709 HUMBLE COVE, AUSTIN TX 78730
Kinderhook Partners L P 10 percent owner ONE EXECUTIVE DRIVE, SUITE 160, SUITE 160, FORT LEE NJ 07024
Kinderhook Gp Llc 10 percent owner
Tushar Shah 10 percent owner ONE EXECUTIVE DRIVE, SUITE 160, FORT LEE NJ 07024
Kinderhook Capital Management, Llc 10 percent owner 2 EXECUTIVE DRIVE, SUITE 585, FORT LEE NJ 07024
Brad Boston director C/O MERCURY INTERACTIVE CORPORATION, 379 N. WHISMAN ROAD, MOUNTAIN VIEW CA 94043

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