Eneraqua Technologies (LSE:ETP) Earnings Yield (Joel Greenblatt) % : -50.51% (As of Jan. 2024)

Eneraqua Technologies Earnings Yield (Joel Greenblatt) % Chart

Eneraqua Technologies Semi-Annual Data
	Jan19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23	Jan24
Earnings Yield (Joel Greenblatt) %	Get a 7-Day Free Trial					5.29	-	9.87	-	-50.51

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

For the Utilities - Independent Power Producers subindustry, Eneraqua Technologies'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.

Eneraqua Technologies's Earnings Yield (Joel Greenblatt) % Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Eneraqua Technologies's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

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

Eneraqua Technologies 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.

Eneraqua Technologiess Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Jan. 2024 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.

Eneraqua Technologies  (LSE:ETP) 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.

Eneraqua Technologies Earnings Yield (Joel Greenblatt) % Related Terms

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Eneraqua Technologies (LSE:ETP) Business Description