Pure Cycle (Pure Cycle) Earnings Yield (Joel Greenblatt) %

Pure Cycle Annual Data
	Trend	Aug14	Aug15	Aug16	Aug17	Aug18	Aug19	Aug20	Aug21	Aug22	Aug23
Earnings Yield (Joel Greenblatt) %							1.21	1.39	7.88	5.90	2.61

Pure Cycle Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Earnings Yield (Joel Greenblatt) %																4.77	5.95	2.61	3.98	3.94

For the Utilities - Regulated Water subindustry, Pure Cycle'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.

For the Utilities - Regulated industry and Utilities sector, Pure Cycle's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Pure Cycle's Earnings Yield (Joel Greenblatt) % falls into.

Pure Cycle 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.

Pure Cycles Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Aug. 2023 is calculated as

Pure Cycle's EBIT for the trailing twelve months (TTM) ended in Feb. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $8.94 Mil.

Pure Cycle  (NAS:PCYO) 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.

Pure Cycle Earnings Yield (Joel Greenblatt) % Related Terms

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Pure Cycle (Pure Cycle) Business Description