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Spirit Blockchain Capital (XCNQ:SPIR) Earnings Yield (Joel Greenblatt) %

: 0.00% (As of Sep. 2022)
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Spirit Blockchain Capital's Enterprise Value for the quarter that ended in Sep. 2022 was C$0.00 Mil. Spirit Blockchain Capital does not have enough years/quarters to calculate its EBIT for the trailing twelve months (TTM) ended in Sep. 2022. Therefore, GuruFocus does not calculate Spirit Blockchain Capital's Earnings Yield (Joel Greenblatt) at this moment.

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

XCNQ:SPIR' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -138.89   Med: 0   Max: 0
Current: -88.24

XCNQ:SPIR's Earnings Yield (Joel Greenblatt) % is ranked worse than
93% of 657 companies
in the Capital Markets industry
Industry Median: 2.92 vs XCNQ:SPIR: -88.24

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) %. Spirit Blockchain Capital'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.


Spirit Blockchain Capital Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for Spirit Blockchain Capital'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.

Spirit Blockchain Capital Annual Data
Trend
Earnings Yield (Joel Greenblatt) %

Spirit Blockchain Capital Quarterly Data
Jun21 Sep21 Jun22 Sep22
Earnings Yield (Joel Greenblatt) % - - - -

Competitive Comparison

For the Capital Markets subindustry, Spirit Blockchain Capital'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.

   

Spirit Blockchain Capital Earnings Yield (Joel Greenblatt) % Distribution

For the Capital Markets industry and Financial Services sector, Spirit Blockchain Capital's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Spirit Blockchain Capital's Earnings Yield (Joel Greenblatt) % falls in comparison to its industry or sector. The grey bar indicates the Earnings Yield (Joel Greenblatt) %'s extreme value range as defined by GuruFocus.



Spirit Blockchain Capital 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.

Spirit Blockchain Capitals Earnings Yield (Joel Greenblatt) for the fiscal year that ended in . 20 is calculated as

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



Spirit Blockchain Capital  (XCNQ:SPIR) 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.


Spirit Blockchain Capital Earnings Yield (Joel Greenblatt) % Related Terms

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


Spirit Blockchain Capital (XCNQ:SPIR) Business Description

Spirit Blockchain Capital logo
Comparable Companies
Traded in Other Exchanges
N/A
Address
505 Burrard Street, Suite 1570, One Bentall Centre, Vancouver, BC, CAN, V7X 1M5
Website
Spirit Blockchain Capital Inc is a blockchain company providing capital to blockchain ecosystem participants and blockchain research and advisory services. The company aims to supply capital to the blockchain ecosystem through lending, staking, streaming, and mining. The company also provides blockchain advisory and research services.

Spirit Blockchain Capital (XCNQ:SPIR) Headlines

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