Solar Energy Initiatives (Solar Energy Initiatives) Earnings Yield (Joel Greenblatt) % : 0.00% (As of Apr. 2013)

Solar Energy Initiatives Earnings Yield (Joel Greenblatt) % Chart

Solar Energy Initiatives Quarterly Data
	Jul08	Oct08	Jan09	Apr09	Jul09	Oct09	Jan10	Apr10	Jul10	Oct10	Jan11	Apr11	Jul11	Oct11	Jan12	Apr12	Jul12	Oct12	Jan13	Apr13
Earnings Yield (Joel Greenblatt) %	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of Solar Energy Initiatives's Earnings Yield (Joel Greenblatt) %

For the Shell Companies subindustry, Solar Energy Initiatives'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.

Solar Energy Initiatives's Earnings Yield (Joel Greenblatt) % Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Solar Energy Initiatives's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

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

Solar Energy Initiatives 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.

Solar Energy Initiativess Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Jul. 2012 is calculated as

Solar Energy Initiatives's EBIT for the trailing twelve months (TTM) ended in Apr. 2013 adds up the quarterly data reported by the company within the most recent 12 months, which was $-1.38 Mil.

Solar Energy Initiatives  (OTCPK:SNRY) 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.

Forward Rate of Return (Yacktman) % based on Don Yacktman's definition is a better measure of the expected rate of return for a stock.

Solar Energy Initiatives Earnings Yield (Joel Greenblatt) % Related Terms

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

Solar Energy Initiatives (Solar Energy Initiatives) Business Description