GURUFOCUS.COM » STOCK LIST » Canada » TSX » Big Bank Big Oil Split Corp (TSX:BBO.PR.A.PFD) » Definitions » Earnings Yield (Joel Greenblatt) %
Switch to:

Big Bank Big Oil Split (TSX:BBO.PR.A.PFD) Earnings Yield (Joel Greenblatt) %

: 0.00% (As of Jun. 2016)
View and export this data going back to 2006. Start your Free Trial

Big Bank Big Oil Split's Enterprise Value for the quarter that ended in Jun. 2016 was C$0.00 Mil. Big Bank Big Oil Split's EBIT for the trailing twelve months (TTM) ended in Jun. 2016 was C$0.77 Mil. Big Bank Big Oil Split's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2016 was 0.00%.

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

TSX:BBO.PR.A.PFD' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -25.8   Med: 3.8   Max: 5.3
Current: -2.93

During the past 8 years, the highest Earnings Yield (Joel Greenblatt) of Big Bank Big Oil Split was 5.30%. The lowest was -25.80%. And the median was 3.80%.

TSX:BBO.PR.A.PFD's Earnings Yield (Joel Greenblatt) % is not ranked
in the Asset Management industry.
Industry Median: 5.79 vs TSX:BBO.PR.A.PFD: -2.93

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) %. Big Bank Big Oil Split's Forward Rate of Return (Yacktman) % for the quarter that ended in Jun. 2016 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.


Big Bank Big Oil Split (TSX:BBO.PR.A.PFD) Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for Big Bank Big Oil Split'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.

Big Bank Big Oil Split Annual Data
Trend Dec07 Dec08 Dec09 Dec10 Dec12 Dec13 Dec14 Dec15
Earnings Yield (Joel Greenblatt) % Premium Member Only Premium Member Only Premium Member Only 4.04 - -20.66 8.03 27.55

Big Bank Big Oil Split Semi-Annual Data
Dec07 Jun08 Dec08 Jun09 Dec09 Dec10 Jun13 Dec13 Jun14 Dec14 Jun15 Dec15 Jun16
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 2,500.00 8.03 - 27.55 -

Big Bank Big Oil Split (TSX:BBO.PR.A.PFD) Earnings Yield (Joel Greenblatt) % Competitive Comparison

For the Asset Management subindustry, Big Bank Big Oil Split'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.

   

Big Bank Big Oil Split (TSX:BBO.PR.A.PFD) Earnings Yield (Joel Greenblatt) % Distribution

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

* The bar in red indicates where Big Bank Big Oil Split's Earnings Yield (Joel Greenblatt) % falls into.



Big Bank Big Oil Split 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.

Big Bank Big Oil Splits Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2015 is calculated as

Earnings Yield (Joel Greenblatt)=EBIT/Enterprise Value
=-8.424/0
= %

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.



Big Bank Big Oil Split  (TSX:BBO.PR.A.PFD) 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.


Big Bank Big Oil Split Earnings Yield (Joel Greenblatt) % Related Terms

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


Big Bank Big Oil Split (TSX:BBO.PR.A.PFD) Business Description

Big Bank Big Oil Split logo
Traded in Other Exchanges
N/A
Address
Big Bank Big Oil Split Corp. is a mutual fund corporation. The manager of the Company is Claymore Investments, Inc. The Company has been created to provide a diversified investment in big Canadian banks and oil and gas companies.

Big Bank Big Oil Split (TSX:BBO.PR.A.PFD) Headlines

Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
premium membership