What is Team Health Holdings Earnings Yield (Joel Greenblatt) %?
Team Health Holdings's Enterprise Value for the quarter that ended in Sep. 2016 was $5,057 Mil.
Team Health Holdings's EBIT for the trailing twelve months (TTM) ended in Sep. 2016 was $243 Mil. Team Health Holdings's Earnings Yield (Joel Greenblatt) for the quarter that ended in Sep. 2016 was 4.80%.
The historical rank and industry rank for Team Health Holdings's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
TMH's Earnings Yield (Joel Greenblatt) % is not ranked *
in the Business Services industry.
Industry Median: 5.55 * 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) %. Team Health Holdings's Forward Rate of Return (Yacktman) % for the quarter that ended in Sep. 2016 was 26.75%. 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.
Team Health Holdings Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Team Health Holdings'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.
Team Health Holdings Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of Team Health Holdings's Earnings Yield (Joel Greenblatt) %
For the Staffing & Employment Services subindustry, Team Health Holdings'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.
Team Health Holdings's Earnings Yield (Joel Greenblatt) % Distribution in the Business Services Industry
For the Business Services industry and Industrials sector, Team Health Holdings's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Team Health Holdings's Earnings Yield (Joel Greenblatt) % falls into.
Team Health Holdings 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.
Team Health Holdingss Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2015 is calculated as
Team Health Holdings's EBIT for the trailing twelve months (TTM) ended in Sep. 2016 adds up the quarterly data reported by the company within the most recent 12 months, which was $243 Mil.
Team Health Holdings (NYSE:TMH) 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.
Team Health Holdings Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Team Health Holdings's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Team Health Holdings (Team Health Holdings) Business Description
Team Health Holdings Inc was founded in 1979. It is the suppliers of outsourced healthcare professional staffing and administrative services to hospitals and other healthcare providers in the United States, based upon revenues and patient visits. It serves approximately 3,400 civilian and military hospitals, clinics and physician groups in 47 states with a team of more than 18,000 affiliated healthcare professionals, including physicians, physician assistants, nurse practitioners and nurses. It recruits and contracts with healthcare professionals who then provide professional services within third-party healthcare facilities. It is a physician-founded organization with physician leadership throughout its business and since its inception in 1979; it provided outsourced services in hospital emergency departments, or EDs. It also provides comprehensive programs for hospital medicine, anesthesiology, pediatrics and other healthcare services, by providing permanent staffing that enables the management teams of hospitals and other healthcare facilities to outsource certain management, recruiting, hiring, payroll, billing and collection and benefits functions. The range of services that it provides to its clients include: recruiting, scheduling & credential coordination for clinical and non-clinical medical professionals; coding, billing & collection of fees for services provided by medical professionals; provision of experienced medical directors; administrative support services, such as payroll, professional liability insurance coverage, continuing medical education services & management training; risk & claims management services and standardized procedures. Healthcare facilities seek third-party physician staffing and administrative service providers that not only could improve department quality, productivity and patient satisfaction while reducing overall costs, but also offer a breadth of staffing and management services, billing & reimbursement expertise, a reputation for regulatory compliance, financial stability and a demonstrated ability to recruit & retain qualified physicians and technicians & nurses. It competes against local physician groups and self-operated hospital EDs. Its operations and relationships with healthcare providers such as hospitals are subject to increasing regulations by numerous federal, state and local governmental entities.
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