American Residential Properties (American Residential Properties) Earnings Yield (Joel Greenblatt) % : -1.17% (As of Sep. 2015)

American Residential Properties Earnings Yield (Joel Greenblatt) % Chart

American Residential Properties Quarterly Data
	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15
Earnings Yield (Joel Greenblatt) %	Get a 7-Day Free Trial								-1.28	-1.14	-1.12	-1.04	-1.17

Competitive Comparison of American Residential Properties's Earnings Yield (Joel Greenblatt) %

For the REIT - Residential subindustry, American Residential Properties'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.

American Residential Properties's Earnings Yield (Joel Greenblatt) % Distribution in the REITs Industry

For the REITs industry and Real Estate sector, American Residential Properties's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

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

American Residential Properties 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.

American Residential Propertiess Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2014 is calculated as

American Residential Properties's EBIT for the trailing twelve months (TTM) ended in Sep. 2015 adds up the quarterly data reported by the company within the most recent 12 months, which was $-15.5 Mil.

American Residential Properties  (NYSE:ARPI) 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.

American Residential Properties Earnings Yield (Joel Greenblatt) % Related Terms

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American Residential Properties (American Residential Properties) Business Description