What is Pandora Media Earnings Yield (Joel Greenblatt) %?
Pandora Media's Enterprise Value for the quarter that ended in Sep. 2018 was $2,433 Mil.
Pandora Media's EBIT for the trailing twelve months (TTM) ended in Sep. 2018 was $-313 Mil. Pandora Media's Earnings Yield (Joel Greenblatt) for the quarter that ended in Sep. 2018 was -12.87%.
The historical rank and industry rank for Pandora Media's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
P's Earnings Yield (Joel Greenblatt) % is not ranked *
in the Media - Diversified industry.
Industry Median: 2.84 * 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) %. Pandora Media's Forward Rate of Return (Yacktman) % for the quarter that ended in Sep. 2018 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.
Pandora Media Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Pandora Media'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.
Pandora Media Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of Pandora Media's Earnings Yield (Joel Greenblatt) %
For the Broadcasting subindustry, Pandora Media'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.
Pandora Media's Earnings Yield (Joel Greenblatt) % Distribution in the Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, Pandora Media's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Pandora Media's Earnings Yield (Joel Greenblatt) % falls into.
Pandora Media 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.
Pandora Medias Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2017 is calculated as
Pandora Media's EBIT for the trailing twelve months (TTM) ended in Sep. 2018 adds up the quarterly data reported by the company within the most recent 12 months, which was $-313 Mil.
Pandora Media (NYSE:P) 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.
Pandora Media Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Pandora Media's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Pandora Media (Pandora Media) Business Description
Pandora Medic Inc is a radio broadcasting company that offers music streaming and automated music recommendation services. Pandora allows users to listen to music selections based on the user's artist or genre preference and then provide positive or negative feedback, which is utilized by the program to choose subsequent musical selections. Pandora can be accessed through a web browser or the company's application that can be downloaded to a personal computer or mobile phone. The service is available in the United States, Australia, and New Zealand. Pandora derives the majority of its revenue in the United States.
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