What is Cannabis Global Earnings Yield (Joel Greenblatt) %?
Cannabis Global's Enterprise Value for the quarter that ended in May. 2022 was $10.05 Mil.
Cannabis Global's EBIT for the trailing twelve months (TTM) ended in May. 2022 was $1.38 Mil. Cannabis Global's Earnings Yield (Joel Greenblatt) for the quarter that ended in May. 2022 was 13.70%.
The historical rank and industry rank for Cannabis Global's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
CBGL'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 0 Med: 0 Max: 34.6
Current: 32.89
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Cannabis Global was 34.60%. The lowest was 0.00%. And the median was 0.00%.
CBGL's Earnings Yield (Joel Greenblatt) % is not ranked
in the Drug Manufacturers industry.
Industry Median: 2.275
vs CBGL: 32.89
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) %. Cannabis Global's Forward Rate of Return (Yacktman) % for the quarter that ended in May. 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.
Cannabis Global Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Cannabis Global'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.
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Cannabis Global Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of Cannabis Global's Earnings Yield (Joel Greenblatt) %
For the Drug Manufacturers - Specialty & Generic subindustry, Cannabis Global'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.
Cannabis Global's Earnings Yield (Joel Greenblatt) % Distribution in the Drug Manufacturers Industry
For the Drug Manufacturers industry and Healthcare sector, Cannabis Global's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Cannabis Global's Earnings Yield (Joel Greenblatt) % falls into.
Cannabis Global 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.
Cannabis Globals Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Aug. 2021 is calculated as
Cannabis Global's EBIT for the trailing twelve months (TTM) ended in May. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $1.38 Mil.
Cannabis Global (OTCPK:CBGL) 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.
Cannabis Global Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Cannabis Global's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Cannabis Global (Cannabis Global) Business Description
Cannabis Global manufactures and distributes various cannabis products via its majority ownership of Natural Plant Extract, Inc is developing the Ethos Comply Bag, and generally conducts research and development in the areas of hemp, cannabis and consumer food goods. The company also have an active research and development program primarily focused on creating and commercializing engineered technologies that deliver hemp extracts and cannabinoids to the human body. Its product includes cannabis flower packaged in various weights, cannabis Pre-rolls, cannabis edible products.
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