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PubliGroupe (XSWX:PUBN) Earnings Yield (Joel Greenblatt) % : 0.44% (As of Dec. 2013)


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What is PubliGroupe Earnings Yield (Joel Greenblatt) %?

PubliGroupe's Enterprise Value for the quarter that ended in Dec. 2013 was CHF183.7 Mil. PubliGroupe's EBIT for the trailing twelve months (TTM) ended in Dec. 2013 was CHF0.8 Mil. PubliGroupe's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2013 was 0.44%.

The historical rank and industry rank for PubliGroupe's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:

XSWX:PUBN's Earnings Yield (Joel Greenblatt) % is not ranked *
in the Media - Diversified industry.
Industry Median: 2.895
* 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) %. PubliGroupe's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2013 was -45.20%. 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.


PubliGroupe Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for PubliGroupe'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.

PubliGroupe Earnings Yield (Joel Greenblatt) % Chart

PubliGroupe Annual Data
Trend Dec04 Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13
Earnings Yield (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.92 22.52 8.93 0.72 0.44

PubliGroupe Semi-Annual Data
Dec02 Dec03 Dec04 Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13
Earnings Yield (Joel Greenblatt) % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.92 22.52 8.93 0.72 0.44

Competitive Comparison of PubliGroupe's Earnings Yield (Joel Greenblatt) %

For the Advertising Agencies subindustry, PubliGroupe'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.


PubliGroupe's Earnings Yield (Joel Greenblatt) % Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, PubliGroupe's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

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



PubliGroupe 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.

PubliGroupes Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2013 is calculated as

Earnings Yield (Joel Greenblatt)=EBIT/Enterprise Value
=0.8/183.739
=0.44 %

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.



PubliGroupe  (XSWX:PUBN) 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.


PubliGroupe Earnings Yield (Joel Greenblatt) % Related Terms

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PubliGroupe (XSWX:PUBN) Business Description

Traded in Other Exchanges
N/A
Address
Website
PubliGroupe SA is engaged in sale of advertising space in Switzerland and abroad. It is a provider of marketing and media sales services. The Company operates in the following segments: Search & Find; Media Sales, and Digital & Marketing Services, Corporate and Others. The Search & Find is active in Switzerland and France. It produces and sells instruments facilitating the search for persons, companies, products and services. The printed and interactive directories are the foundation of the Search & Find platform. This platform is supplemented by offers of additional services such as leisure, guides and classified. Media Sales offers all media sales activities (print, electronic, digital & interactive media) in Switzerland and abroad. It is based on partnerships with the media established now for many years. Digital & Marketing Services brings together an international and interactive marketing services portfolio for advertising customers and agencies, including consultancy for the development and implementation of efficient communication and media strategies as well as online marketing platforms deploying access to a wide range of marketing channels. Corporate and Others" includes the Group general management costs, corporate support to develop new activities, real estate management and companies that fall outside the three other operating segments.

PubliGroupe (XSWX:PUBN) Headlines

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