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RingCentral Earnings Yield (Joel Greenblatt) %

: -0.92% (As of Sep. 2021)
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RingCentral's Enterprise Value for the quarter that ended in Sep. 2021 was $21,134 Mil. RingCentral's EBIT for the trailing twelve months (TTM) ended in Sep. 2021 was $-193 Mil. RingCentral's Earnings Yield (Joel Greenblatt) for the quarter that ended in Sep. 2021 was -0.92%.

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

NYSE:RNG' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -9.21   Med: -0.4   Max: 0.16
Current: -1.01

-9.21
0.16

During the past 11 years, the highest Earnings Yield (Joel Greenblatt) of RingCentral was 0.16%. The lowest was -9.21%. And the median was -0.40%.

NYSE:RNG's Earnings Yield (Joel Greenblatt) % is ranked lower than
65% of the 2537 Companies
in the Software industry.

( Industry Median: 1.29 vs. NYSE:RNG: -1.01 )

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) %. RingCentral's Forward Rate of Return (Yacktman) % for the quarter that ended in Sep. 2021 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.


RingCentral Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for RingCentral'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.

RingCentral Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Earnings Yield (Joel Greenblatt) %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -1.10 -0.11 -0.15 -0.25 -0.09

RingCentral Quarterly Data
Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21
Earnings Yield (Joel Greenblatt) % 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 Premium Member Only Premium Member Only Premium Member Only -0.27 -0.09 0.13 -0.26 -0.92

Competitive Comparison

For the Software - Application subindustry, RingCentral'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.

   

RingCentral Earnings Yield (Joel Greenblatt) % Distribution

For the Software industry and Technology sector, RingCentral's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

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



RingCentral 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.

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

Earnings Yield (Joel Greenblatt)=EBIT/Enterprise Value
=-32.781/35091.8611
=-0.09 %

RingCentral's EBIT for the trailing twelve months (TTM) ended in Sep. 2021 adds up the quarterly data reported by the company within the most recent 12 months, which was $-193 Mil.



RingCentral  (NYSE:RNG) 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.


RingCentral Earnings Yield (Joel Greenblatt) % Related Terms

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


RingCentral Business Description

RingCentral logo
Industry
Technology » Software NAICS : 541519 SIC : 7379
Traded in Other Exchanges
Address
20 Davis Drive, Belmont, CA, USA, 94002
RingCentral is a unified-communication-as-a-service, or UCaaS, provider. RingCentral's software provides an easy-to-use, integrated communication application that allows for a single user experience across mobile and desktop applications. The software lets businesses communicate and collaborate using voice, video, text, Internet messaging, and conference calls on a single platform. Ninety percent of RingCentral's revenue comes from its RingCentral Office application, which is available in four tiers based on integration needs and the number of employees. The company was founded in 1999 and its headquarters are in Belmont, California.
Executives
Agarwal Vaibhav officer: Chief Accounting Officer 20 DAVIS DRIVE BELMONT CA 94002
Shah Praful officer: Chief Strategy Officer C/O RINGCENTRAL, INC. 1400 FASHION ISLAND BLVD, 7TH FLOOR SAN MATEO CA 94404
Marlow John H officer: SVP, CAO & General Counsel C/O RINGCENTRAL, INC 1400 FASHION ISLAND BLVD, 7TH FLOOR SAN MATEO CA 94404
Elca Fund Iii, Lp other: Controlled by Reporting Person C/O RINGCENTRAL, INC. 1400 FASHION ISLAND BLVD, 7TH FLOOR SAN MATEO CA 94404
Elca Fund Ii, Lp other: Controlled by Reporting Person C/O RINGCENTRAL, INC. 1400 FASHION ISLAND BLVD, 7TH FLOOR SAN MATEO CA 94404
Elca Fund I, Lp other: Controlled by Reporting Person C/O RINGCENTRAL, INC. 1400 FASHION ISLAND BLVD, 7TH FLOOR SAN MATEO CA 94404
Elca, Llc other: Controlled by Reporting Person C/O RINGCENTRAL, INC. 1400 FASHION ISLAND BLVD, 7TH FLOOR SAN MATEO CA 94404
Shmunis Sandra other: Wife of Reporting Person C/O RINGCENTRAL, INC. 1400 FASHION ISLAND BLVD, 7TH FLOOR SAN MATEO CA 94404
Shmunis Vladimir director, officer: CEO & Chairman C/O RINGCENTRAL, INC. 1400 FASHION ISLAND BLVD, 7TH FLOOR SAN MATEO CA 94404
Williams R Neil director C/O INTUIT INC. 2700 COAST AVENUE MOUNTAIN VIEW CA 94043
Dhruv Mitesh officer: Chief Financial Officer 34601 CASCADES CIRCLE UNION CITY CA 94587
Sullivan Godfrey director SPLUNK INC. 250 BRANNAN STREET SAN FRANCISCO CA 94107
Theis Robert I director PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> Ownership Information: THEIS ROBERT I a.header:link {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:visited {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:hover {color: #191970;}
Eswaran Anand officer: President & COO 20 DAVIS DRIVE BELMONT CA 94002
Goldman Kenneth A director C/O YAHOO! INC. 701 FIRST AVENUE SUNNYVALE CA 94089

RingCentral Headlines

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