What is Party City Holdco Earnings Yield (Joel Greenblatt) %?
Party City Holdco's Enterprise Value for the quarter that ended in Sep. 2022 was $2,734 Mil.
Party City Holdco's EBIT for the trailing twelve months (TTM) ended in Sep. 2022 was $-156 Mil. Party City Holdco's Earnings Yield (Joel Greenblatt) for the quarter that ended in Sep. 2022 was -5.72%.
The historical rank and industry rank for Party City Holdco's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
PRTYQ's Earnings Yield (Joel Greenblatt) % is not ranked *
in the Retail - Cyclical industry.
Industry Median: 4.89 * 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) %. Party City Holdco's Forward Rate of Return (Yacktman) % for the quarter that ended in Sep. 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.
Party City Holdco Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Party City Holdco'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.
Party City Holdco Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of Party City Holdco's Earnings Yield (Joel Greenblatt) %
For the Specialty Retail subindustry, Party City Holdco'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.
Party City Holdco's Earnings Yield (Joel Greenblatt) % Distribution in the Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Party City Holdco's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Party City Holdco's Earnings Yield (Joel Greenblatt) % falls into.
Party City Holdco 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.
Party City Holdcos Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2021 is calculated as
Party City Holdco's EBIT for the trailing twelve months (TTM) ended in Sep. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $-156 Mil.
Party City Holdco (OTCPK:PRTYQ) 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.
Party City Holdco Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Party City Holdco's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Party City Holdco (Party City Holdco) Business Description
Party City Holdco Inc is a party goods retailer in North America that operates owned and franchised locations in the us, Canada, and Puerto Rico. Party City also sells internationally in countries like the UK, France, Germany, and Australia, among others. The company has two primary reporting segments: retail and wholesale. The retail operations sell through Anagram, Amscan, Designware, Costumes USA, and other party suppliers, such as Party City, Halloween City, and PartyCity.com. The wholesale segment sells party goods such as paper and plastic tableware, accessories and novelties, balloons, stationery, and gift items for all occasions. These products are sold by franchise stores, mass merchants, independent card and gift shops, dollar stores, and other retailers and global distributors.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
PRTYQ has been successfully added to your 