XTRA Bitcoin (XTRA Bitcoin) Earnings Yield (Joel Greenblatt) % : 0.00% (As of Dec. 2011)

View and export this data going back to 2009. Start your Free Trial

What is XTRA Bitcoin Earnings Yield (Joel Greenblatt) %?

XTRA Bitcoin's Enterprise Value for the quarter that ended in Dec. 2011 was $0.22 Mil. XTRA Bitcoin's EBIT for the trailing twelve months (TTM) ended in Dec. 2011 was $-0.37 Mil. XTRA Bitcoin's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2011 was 0.00%.

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

CBTC' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -12.05 Med: 0 Max: 0
Current: -10.63

CBTC's Earnings Yield (Joel Greenblatt) % is not ranked
in the Capital Markets industry.
Industry Median: 2.695 vs CBTC: -10.63

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) %. XTRA Bitcoin's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2011 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.

XTRA Bitcoin Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for XTRA Bitcoin'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.

XTRA Bitcoin Earnings Yield (Joel Greenblatt) % Chart

XTRA Bitcoin Annual Data

Trend

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Earnings Yield (Joel Greenblatt) %

Get a 7-Day Free Trial

-169.49

XTRA Bitcoin Quarterly Data
	Dec06	Sep07	Dec07	Mar08	Jun08	Sep08	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11
Earnings Yield (Joel Greenblatt) %	Get a 7-Day Free Trial														-	-	-	-	-

Competitive Comparison of XTRA Bitcoin's Earnings Yield (Joel Greenblatt) %

For the Capital Markets subindustry, XTRA Bitcoin'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.

XTRA Bitcoin's Earnings Yield (Joel Greenblatt) % Distribution in the Capital Markets Industry

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

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

XTRA Bitcoin 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.

XTRA Bitcoins Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2011 is calculated as

Earnings Yield (Joel Greenblatt)	=	EBIT	/	Enterprise Value
	=	-0.37	/	0.2166914
	=	-170.75 %

XTRA Bitcoin's EBIT for the trailing twelve months (TTM) ended in Dec. 2011 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.37 Mil.

XTRA Bitcoin (OTCPK:CBTC) 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.

XTRA Bitcoin Earnings Yield (Joel Greenblatt) % Related Terms

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