What is 5Banc Split Earnings Yield (Joel Greenblatt) %?
5Banc Split's Enterprise Value for the quarter that ended in Jun. 2016 was C$0.00 Mil.
5Banc Split's EBIT for the trailing twelve months (TTM) ended in Jun. 2016 was C$2.40 Mil. 5Banc Split's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2016 was 0.00%.
The historical rank and industry rank for 5Banc Split's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
TSX:FBS.PR.C.PFD'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 0.5 Med: 6.7 Max: 22.7
Current: 8.3
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of 5Banc Split was 22.70%. The lowest was 0.50%. And the median was 6.70%.
TSX:FBS.PR.C.PFD's Earnings Yield (Joel Greenblatt) % is not ranked
in the Asset Management industry.
Industry Median: 0
vs TSX:FBS.PR.C.PFD: 8.30
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) %. 5Banc Split's Forward Rate of Return (Yacktman) % for the quarter that ended in Jun. 2016 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.
5Banc Split Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for 5Banc Split'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 5Banc Split's Earnings Yield (Joel Greenblatt) %
For the Asset Management subindustry, 5Banc Split'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.
5Banc Split's Earnings Yield (Joel Greenblatt) % Distribution in the Asset Management Industry
For the Asset Management industry and Financial Services sector, 5Banc Split's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where 5Banc Split'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.
5Banc Splits Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2015 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.
5Banc Split Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of 5Banc Split's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
5Banc Split (TSX:FBS.PR.C.PFD) Business Description
5Banc Split, Inc. operates as a closed-end mutual fund in Canada. It invests in a portfolio of publicly listed common shares of Bank of Montreal, The Bank of Nova Scotia, Canadian Imperial Bank of Commerce, Royal Bank of Canada and toronto-Dominion Bank. The Company holds the Portfolio Shares in order to generate fixed cumulative preferential dividends for the holders of the Company's Preferred Shares. Holders of the Capital Shares will also receive, subject to the prior rights of Preferred Shareholders, excess dividends, if any, after payment of the expenses of the Company and dividends on the Preferred Shares. The Company also provides holders of the Capital Shares with a leveraged investment, the value of which is linked to the changes in the fair value of the Portfolio Shares. The holders of Capital Shares benefit from capital appreciation in the Portfolio Shares in excess of the value of the Preferred Shares, any accrued and unpaid distributions on the Preferred Shares, and accrued and unpaid expenses. The Company only trades the Portfolio Shares in limited circumstances as described in the Company's original prospectus.
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