What is Zenitel NV Earnings Yield (Joel Greenblatt) %?
Zenitel NV's Enterprise Value for the quarter that ended in Dec. 2020 was €51.34 Mil.
Zenitel NV's EBIT for the trailing twelve months (TTM) ended in Dec. 2020 was €8.43 Mil. Zenitel NV's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2020 was 16.42%.
The historical rank and industry rank for Zenitel NV's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
XBRU:ZENT's Earnings Yield (Joel Greenblatt) % is not ranked *
in the Hardware industry.
Industry Median: 3.215 * 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) %. Zenitel NV's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2020 was 24.88%. 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.
Zenitel NV Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Zenitel NV'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.
Competitive Comparison of Zenitel NV's Earnings Yield (Joel Greenblatt) %
For the Communication Equipment subindustry, Zenitel NV'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.
Zenitel NV's Earnings Yield (Joel Greenblatt) % Distribution in the Hardware Industry
For the Hardware industry and Technology sector, Zenitel NV's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Zenitel NV's Earnings Yield (Joel Greenblatt) % falls into.
In his book, The Little That Beat the Market, hedge fund manager Joel Greenblatt defines Earnings Yield as operating income divided by enterprise value.
Zenitel NVs Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2020 is calculated as
For company reported semi-annually or annually, GuruFocus only calculate annual data for Earnings Yield (Joel Greenblatt) and apply the annual figure to corresponding quarter.
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.
Zenitel NV Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Zenitel NV's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Zenitel NV operates in the onshore and offshore secure communications market. It offers integrated security communications solutions under its VingtorStentofon brand. Zenitel products include intercom, public address, 2-way radio systems, sound reception system, and IT/IP solutions. The company serves a diverse range of markets, including building security and public safety, transportation, industrial, oil and gas, and maritime. Its geographical segments are Belgium, Norway, Singapore, Finland, France, the United States, and other foreign countries. The majority of its revenue is derived from Norway.
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