What is Mace Security International Earnings Yield (Joel Greenblatt) %?
Mace Security International's Enterprise Value for the quarter that ended in Mar. 2023 was $11.06 Mil.
Mace Security International's EBIT for the trailing twelve months (TTM) ended in Mar. 2023 was $-1.81 Mil. Mace Security International's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2023 was -16.37%.
The historical rank and industry rank for Mace Security International's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
MACE's Earnings Yield (Joel Greenblatt) % is not ranked *
in the Business Services industry.
Industry Median: 5.695 * Ranked among companies with meaningful Earnings Yield (Joel Greenblatt) % only.
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) %. Mace Security International's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 2023 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.
Mace Security International Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Mace Security International'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.
Mace Security International Earnings Yield (Joel Greenblatt) % Chart
For the Security & Protection Services subindustry, Mace Security International'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.
Mace Security International's Earnings Yield (Joel Greenblatt) % Distribution in the Business Services Industry
For the Business Services industry and Industrials sector, Mace Security International's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Mace Security International's Earnings Yield (Joel Greenblatt) % falls into.
Mace Security International 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.
Mace Security Internationals Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2022 is calculated as
Mace Security International's EBIT for the trailing twelve months (TTM) ended in Mar. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-1.81 Mil.
Mace Security International (OTCPK:MACE) 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.
Mace Security International Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Mace Security International's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Mace Security International (Mace Security International) Business Description
Mace Security International Inc operates in a single segment of Personal Safety and Security, which sells its products to retailers, distributors, and individual consumers. It also sells tactical spray products and systems to law enforcement, security professionals, correctional institutions, and military markets. The company sells its products under the Mace Brand. Some of its products include Stun Guns, Home defense Kit, Personal Alarms, Pepper Sprays, Pepper Guns, Pepper Gel, and Other self-defense products.
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