What is Black Pearl Group Earnings Yield (Joel Greenblatt) %?
Black Pearl Group's Enterprise Value for the quarter that ended in Mar. 2023 was NZ$14.06 Mil.
Black Pearl Group does not have enough years/quarters to calculate its EBIT for the trailing twelve months (TTM) ended in Mar. 2023. Therefore, GuruFocus does not calculate Black Pearl Group's Earnings Yield (Joel Greenblatt) at this moment.
The historical rank and industry rank for Black Pearl Group's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
NZSE:BPG'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -34.6 Med: 0 Max: 0
Current: -19.92
NZSE:BPG's Earnings Yield (Joel Greenblatt) % is ranked worse than 84.8% of 2856
companies
in the Software industry
Industry Median: 1.37
vs NZSE:BPG: -19.92
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) %. Black Pearl Group'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.
Black Pearl Group Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Black Pearl Group'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.
Black Pearl Group Earnings Yield (Joel Greenblatt) % Chart
Black Pearl Group Annual Data
Trend
Mar23
Earnings Yield (Joel Greenblatt) %
-50.00
Black Pearl Group Semi-Annual Data
Mar23
Earnings Yield (Joel Greenblatt) %
-
Competitive Comparison of Black Pearl Group's Earnings Yield (Joel Greenblatt) %
For the Software - Application subindustry, Black Pearl Group'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.
Black Pearl Group's Earnings Yield (Joel Greenblatt) % Distribution in the Software Industry
For the Software industry and Technology sector, Black Pearl Group's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Black Pearl Group's Earnings Yield (Joel Greenblatt) % falls into.
Black Pearl Group 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.
Black Pearl Groups Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Mar. 2023 is calculated as
Black Pearl Group (NZSE:BPG) 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.
Black Pearl Group Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Black Pearl Group's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Black Pearl Group Ltd is a data technology company that builds, acquires, and markets data-driven cloud services, consisting of a suite of productivity and demand generation applications for small and medium-sized businesses. The Company had two reportable segments based off the Company's major product subscriptions available during the year: Black Pearl Mail and Newoldstamp. The company makes majority of its revenue from subscriptions of Black Pearl Mall.
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