What is Avanta Serviced Office Group Earnings Yield (Joel Greenblatt) %?
Avanta Serviced Office Group's Enterprise Value for the quarter that ended in Jun. 2014 was £30.30 Mil.
Avanta Serviced Office Group's EBIT for the trailing twelve months (TTM) ended in Jun. 2014 was £0.83 Mil. Avanta Serviced Office Group's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2014 was 0.00%.
The historical rank and industry rank for Avanta Serviced Office Group's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
LSE:ASOG's Earnings Yield (Joel Greenblatt) % is not ranked *
in the Asset Management industry.
Industry Median: 0 * 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) %. Avanta Serviced Office Group's Forward Rate of Return (Yacktman) % for the quarter that ended in Jun. 2014 was 0.00%. The Forward Rate of Return uses the normalized Free Cash Flow of the past five 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.
Avanta Serviced Office Group Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Avanta Serviced Office Group'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.
Avanta Serviced Office Group Earnings Yield (Joel Greenblatt) % Chart
For the Asset Management subindustry, Avanta Serviced Office Group'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.
Avanta Serviced Office Group's Earnings Yield (Joel Greenblatt) % Distribution in the Asset Management Industry
For the Asset Management industry and Financial Services sector, Avanta Serviced Office Group's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Avanta Serviced Office Group's Earnings Yield (Joel Greenblatt) % falls into.
Avanta Serviced Office Group 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.
Avanta Serviced Office Groups Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2013 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.
Avanta Serviced Office Group Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Avanta Serviced Office Group's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Serviced Office Group PLC is engaged in the ownership and operation of serviced office accommodation. Its reportable segments are Serviced office business and Managed serviced offices. Serviced office business undertaken in the group's freehold and leasehold properties; and Managed serviced office business undertaken under management contracts on behalf of third parties. The Group operates solely from the UK.
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