Focusrite (LSE:TUNE) Earnings Yield (Joel Greenblatt) % : 0.00% (As of Feb. 2024)

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What is Focusrite Earnings Yield (Joel Greenblatt) %?

Focusrite's Enterprise Value for the quarter that ended in Feb. 2024 was £276.3 Mil. Focusrite's EBIT for the trailing twelve months (TTM) ended in Feb. 2024 was £16.9 Mil. Focusrite's Earnings Yield (Joel Greenblatt) for the quarter that ended in Feb. 2024 was 0.00%.

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

LSE:TUNE' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 0.84 Med: 5.59 Max: 12.55
Current: 6.77

During the past 12 years, the highest Earnings Yield (Joel Greenblatt) of Focusrite was 12.55%. The lowest was 0.84%. And the median was 5.59%.

LSE:TUNE's Earnings Yield (Joel Greenblatt) % is ranked better than
66.39% of 854 companies
in the Travel & Leisure industry
Industry Median: 4.285 vs LSE:TUNE: 6.77

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) %. Focusrite's Forward Rate of Return (Yacktman) % for the quarter that ended in Feb. 2024 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.

Focusrite Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for Focusrite'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.

Focusrite Earnings Yield (Joel Greenblatt) % Chart

Focusrite Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Earnings Yield (Joel Greenblatt) %

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5.06

1.89

3.55

5.76

7.71

Focusrite Semi-Annual Data
	Aug14	Feb15	Aug15	Feb16	Aug16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24
Earnings Yield (Joel Greenblatt) %	Get a 7-Day Free Trial															-	5.76	-	7.71	-

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

For the Leisure subindustry, Focusrite'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.

Focusrite's Earnings Yield (Joel Greenblatt) % Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Focusrite's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

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

Focusrite 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.

Focusrites Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Aug. 2023 is calculated as

Earnings Yield (Joel Greenblatt)	=	EBIT	/	Enterprise Value
	=	24.343	/	315.793
	=	7.71 %

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.

Focusrite (LSE:TUNE) 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.

Focusrite Earnings Yield (Joel Greenblatt) % Related Terms

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

Focusrite (LSE:TUNE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Focusrite PLC (LSE:TUNE) » Definitions » Earnings Yield (Joel Greenblatt) %

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FOCIF:USA

Address

Hillbottom Road, Artisan, High Wycombe, Buckinghamshire, GBR, HP12 4HJ

Website

https://www.focusriteplc.com

Focusrite PLC is a music and audio products company supplying hardware and software products used by professional and amateur musicians. The company's operating segment includes Focusrite, Novation, ADAM Audio, Martin Audio, Sequential, and Sonox. It generates maximum revenue from the Focusrite segment. Focusrite segment includes sales of Focusrite and Focusrite Pro branded products. Geographically, majority of its revenue is generated from North America.