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The earnings yield is an indication of how much return shareholders' investment in the company earned over the past 12 months. The higher the earnings yield is, the better.
As of today (2024-06-05), the stock price of Templeton Globalome Fund is $3.88. Templeton Globalome Fund's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2023 was $0.18. Therefore, Templeton Globalome Fund's earnings yield of today is 4.54%.
The earnings yield does not consider the growth of the business. A better indicator of the attractiveness of an investment which takes growth into account is the Forward Rate of Return (Yacktman) %. Templeton Globalome Fund's Forward Rate of Return (Yacktman) % for the quarter that ended in Jun. 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.
Earnings yield is the reciprocal of the P/E Ratio.
Templeton Globalome Fund's Earnings Yield for today is calculated as
Earnings Yield | = | Earnings per Share (Diluted) (TTM) | / | Share Price |
= | 0.176 | / | 3.88 | |
= | 4.54 % |
For company reported semi-annually, Templeton Globalome Fund's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was $0.176 Mil.
* 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.
It can also be calculated from the numbers for the whole company:
Earnings Yield | = | Net Income | / | Market Cap |
The earnings in the calculation is the Trailing Twelve Months earnings.
Templeton Globalome Fund (NYSE:SABA) Earnings Yield % Explanation
If the P/E ratio is an indication of how many years it takes for the company to earn back the stock price shareholders pay to buy the shares, the earnings yield is an indication of how much return shareholders' investment in the company earned over the past 12 months. The higher the earnings yield is, the better.
If a company loses money, the earnings yield is negative. This gives a more straightforward indication that the company is losing money. This is an advantage of using earnings yield instead of the P/E ratio in valuation. For valuation purposes, the P/B Ratio and the P/S Ratio should be used for companies that are losing money.
Like the P/E ratio, the earnings yield can be used to compare investments in different industries. It can even be used to compare the attractiveness of different asset classes such as bonds and cash. Of course, the earnings yield should not be the only factor in deciding which asset classes to invest.
Also similar to the P/E ratio, the earnings yield does not consider the growth of the business. A growing company with the same earnings yield should be more attractive than a company that has the same earnings yield but does not grow.
A better indicator of the attractiveness of an investment which takes growth into account is the Forward Rate of Return (Yacktman) %.
Be Aware
Just like the P/E Ratio, non-recurring items such as selling part of the business, selling a previous investment, etc., can affect earnings yield dramatically. The earning yield is also a poor indication for cyclical companies. When a cyclical stock has a high earnings yield it is usually at the peak of its cycle.
Thank you for viewing the detailed overview of Templeton Globalome Fund's Earnings Yield % provided by GuruFocus.com. Please click on the following links to see related term pages.
Saba Capital Management, L.p. | 10 percent owner | 405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174 |
Oliveira Marc De | officer: VP & Secretary | C/O LEGG MASON & CO. LLC, ONE FIRST STAMFORD PLACE, STAMFORD CT 06902 |
Boaz Weinstein | 10 percent owner | 405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174 |
Ted P Becker | officer: Chief Compliance Officer | 399 PARK AVENUE, 4TH FLOOR, NEW YORK NY 10022 |
George P. Hoyt | officer: VP & Secretary | C/O FRANKLIN TEMPLETON, 100 FIRST STAMFORD PLACE, STAMFORD CT 06902 |
Garry Khasidy | director | 131 MUNSTER ROAD, LONDON X0 SW6 6DD |
Mark Hammitt | director | 8 THE GREEN, SUITE 10664, DOVER DE 19901 |
Karen Caldwell | director | 10125 SOUTH BELL AVENUE, CHICAGO IL 60643 |
Ketu Desai | director | 999 RIVERVIEW DR, SUITE 201, TOTOWA NJ 07512 |
Anatoly Nakum | director | 52 EAST END AVENUE, APT. 18, NEW YORK NY 10028 |
Franklin Resources Inc | other: Affiliate of Investment Adv. | FRANKLIN RESOURCES INC, ONE FRANKLIN PARKWAY, SAN MATEO CA 94403 |
Christopher Kings | officer: CFO, CAO and Treasurer | ONE FRANKLIN PARKWAY, SAN MATEO CA 94403 |
Ryan Wheeler | officer: Interim CFO, CAO and Treasurer | 300 S.E. 2ND STREET, FORT LAUDERDALE FL 33301 |
Susan Kerr | officer: VP - AML Compliance | 280 PARK AVENUE, NEW YORK NY 10017 |
Paul Charles Kazarian | director | C/O SABA CAPITAL MANAGEMENT, L.P., 405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174 |
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