What is Liberty Live Group Earnings Yield (Joel Greenblatt) %?
Liberty Live Group's Enterprise Value for the quarter that ended in Sep. 2023 was $0.00 Mil.
Liberty Live Group does not have enough years/quarters to calculate its EBIT for the trailing twelve months (TTM) ended in Sep. 2023. Therefore, GuruFocus does not calculate Liberty Live Group's Earnings Yield (Joel Greenblatt) at this moment.
The historical rank and industry rank for Liberty Live Group's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
LLYVK'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -0.57 Med: 0 Max: 0
Current: -0.15
LLYVK's Earnings Yield (Joel Greenblatt) % is ranked worse than 62.73% of 1049
companies
in the Media - Diversified industry
Industry Median: 2.89
vs LLYVK: -0.15
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) %. Liberty Live Group's Forward Rate of Return (Yacktman) % for the quarter that ended in Sep. 2023 was 0.00%. 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.
Liberty Live Group Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Liberty Live 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.
Liberty Live Group Earnings Yield (Joel Greenblatt) % Chart
Liberty Live Group Annual Data
Trend
Dec23
Earnings Yield (Joel Greenblatt) %
-3.81
Liberty Live Group Semi-Annual Data
Sep23
Earnings Yield (Joel Greenblatt) %
-
Competitive Comparison of Liberty Live Group's Earnings Yield (Joel Greenblatt) %
For the Entertainment subindustry, Liberty Live 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.
Liberty Live Group's Earnings Yield (Joel Greenblatt) % Distribution in the Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, Liberty Live Group's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Liberty Live Group's Earnings Yield (Joel Greenblatt) % falls into.
Liberty Live 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.
Liberty Live Groups Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as
Liberty Live Group (NAS:LLYVK) 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.
Liberty Live Group Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Liberty Live Group's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Liberty Live Group (Liberty Live Group) Business Description
12300 Liberty Boulevard, Englewood, CO, USA, 80112
Website
Liberty Live Group would be engaged in the operations of Live Nation, and Liberty Media's strategy for that group is to maximize the value of its investment in that company and the other assets attributed to the Liberty Live Group and to use the new Liberty Live common stock to make strategic acquisitions or for other capital raising initiatives.
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