Telestone Technologies (Telestone Technologies) Earnings Yield (Joel Greenblatt) % : 0.00% (As of Dec. 2012)

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What is Telestone Technologies Earnings Yield (Joel Greenblatt) %?

Telestone Technologies's Enterprise Value for the quarter that ended in Dec. 2012 was $18.82 Mil. Telestone Technologies's EBIT for the trailing twelve months (TTM) ended in Dec. 2012 was $-22.15 Mil. Telestone Technologies's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2012 was 0.00%.

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

TSTC's Earnings Yield (Joel Greenblatt) % is not ranked ^*
in the Hardware industry.
Industry Median: 3.35
* 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) %. Telestone Technologies's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2012 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.

Telestone Technologies Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for Telestone Technologies'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.

Telestone Technologies Earnings Yield (Joel Greenblatt) % Chart

Telestone Technologies Annual Data

Trend

Dec03

Dec04

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Earnings Yield (Joel Greenblatt) %

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91.74

7.85

32.15

41.49

-117.65

Telestone Technologies Quarterly Data
	Mar08	Jun08	Sep08	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12
Earnings Yield (Joel Greenblatt) %	Get a 7-Day Free Trial															41.49	38.31	43.48	-	-

Competitive Comparison of Telestone Technologies's Earnings Yield (Joel Greenblatt) %

For the Communication Equipment subindustry, Telestone Technologies'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.

Telestone Technologies's Earnings Yield (Joel Greenblatt) % Distribution in the Hardware Industry

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

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

Telestone Technologies 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.

Telestone Technologiess Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2012 is calculated as

Earnings Yield (Joel Greenblatt)	=	EBIT	/	Enterprise Value
	=	-22.148	/	18.819623
	=	-117.69 %

Telestone Technologies's EBIT for the trailing twelve months (TTM) ended in Dec. 2012 adds up the quarterly data reported by the company within the most recent 12 months, which was $-22.15 Mil.

Telestone Technologies (OTCPK:TSTC) 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

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

Telestone Technologies Earnings Yield (Joel Greenblatt) % Related Terms

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Telestone Technologies (Telestone Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Telestone Technologies Corp (OTCPK:TSTC) » Definitions » Earnings Yield (Joel Greenblatt) %

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Address

Website

http://www.telestone.com

Telestone Technologies Corp was organized under the laws of the State of Colorado in February 1987 under the name Shield Enterprises, Inc. In August 2004, TSTC reincorporated in the State of Delaware under the name Telestone Technologies Corporation. It provides access network solutions in China. The company's access network solutions include the research and development and application of access-network technology. In addition to its homegrown access-network equipment, which includes repeaters, antennas, and radio-frequency peripherals, the company offers project design, project management, installation, maintenance, and other after sales services to its customers. The company offers WFDS, a next generation wireless distribution system. WFDS is an all-optical network that combines the technologies of both wireless and optical telecommunications. As of December 31, 2011, it completed 499 WFDS installations. The company designs and sells electronic equipment used to provide access-network solutions to its customers. Many of these types of equipment, including WFDS products, RFPA products, passive components and base station antennas for 2G, 3G, Broadband access and CATV networks, are specialized active microwave components designed to meet the needs of its customers.The company provides systems integration services to its customers. The primary systems integration services provided to the company's customers are project design and engineering, specifically, the development and design of indoor and outdoor wireless signal complementary coverage solutions and their applied products. The company also markets its products to 29 countries, including the United States, Vietnam, Mexico, Brazil, Russia, India, the Philippines, Thailand, Ireland, Ecuador, Mongolia, South Africa, Turkey, Indonesia, Colombia, Costa Rica, Argentina, Ukraine, Kazakhstan, Singapore, South Korea, Hong Kong, Saudi Arabia, New Zealand, Bangladesh, the United Arab Emirates, Canada, and Iceland.

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