What is Perpetual Industries Earnings Yield (Joel Greenblatt) %?
Perpetual Industries's Enterprise Value for the quarter that ended in Dec. 2022 was $10.79 Mil.
Perpetual Industries's EBIT for the trailing twelve months (TTM) ended in Dec. 2022 was $-1.42 Mil. Perpetual Industries's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2022 was -13.19%.
The historical rank and industry rank for Perpetual Industries's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
PRPI'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -112.59 Med: -36.62 Max: -0.09
Current: -38.17
During the past 5 years, the highest Earnings Yield (Joel Greenblatt) of Perpetual Industries was -0.09%. The lowest was -112.59%. And the median was -36.62%.
PRPI's Earnings Yield (Joel Greenblatt) % is ranked worse than 96.51% of 3041
companies
in the Industrial Products industry
Industry Median: 4.16
vs PRPI: -38.17
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) %. Perpetual Industries's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2022 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.
Perpetual Industries Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Perpetual Industries'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.
Competitive Comparison of Perpetual Industries's Earnings Yield (Joel Greenblatt) %
For the Specialty Industrial Machinery subindustry, Perpetual Industries'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.
Perpetual Industries's Earnings Yield (Joel Greenblatt) % Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Perpetual Industries's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Perpetual Industries's Earnings Yield (Joel Greenblatt) % falls into.
In his book, The Little That Beat the Market, hedge fund manager Joel Greenblatt defines Earnings Yield as operating income divided by enterprise value.
Perpetual Industriess Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2022 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.
Perpetual Industries Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Perpetual Industries's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Perpetual Industries (Perpetual Industries) Business Description
Perpetual Industries Inc is engaged in the research, development, and commercialization of energy efficient products. The company's proprietary XYO Mechanical Balancing Technology is designed to harness rotor displacement energy and delivers solutions for inefficiencies that commonly affect rotating equipment, machinery, and devices. The firm is expanding expertise and knowledge of energy-efficient technology by developing low-cost, green energy solutions for various industries, including artificial intelligence, blockchain mining, graphic rendering, renewable energy, cloud computing and the internet of things, while continuing research, development, and commercialization of its proprietary XYO Balancing Technology in key applications.
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