What is Safe Pro Group Earnings Yield (Joel Greenblatt) %?
Safe Pro Group's Enterprise Value for the quarter that ended in Dec. 2023 was $0.00 Mil.
Safe Pro Group does not have enough years/quarters to calculate its EBIT for the trailing twelve months (TTM) ended in Dec. 2023. Therefore, GuruFocus does not calculate Safe Pro Group's Earnings Yield (Joel Greenblatt) at this moment.
The historical rank and industry rank for Safe Pro Group's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
SPAI'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -26.74 Med: 0 Max: 0
Current: -19.19
SPAI's Earnings Yield (Joel Greenblatt) % is ranked worse than 90.06% of 312
companies
in the Aerospace & Defense industry
Industry Median: 2.54
vs SPAI: -19.19
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) %. Safe Pro Group's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 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.
Safe Pro Group Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Safe Pro 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.
Safe Pro Group Earnings Yield (Joel Greenblatt) % Chart
Safe Pro Group Annual Data
Trend
Dec22
Dec23
Earnings Yield (Joel Greenblatt) %
-
-
Safe Pro Group Semi-Annual Data
Dec22
Dec23
Earnings Yield (Joel Greenblatt) %
-
-
Competitive Comparison of Safe Pro Group's Earnings Yield (Joel Greenblatt) %
For the Aerospace & Defense subindustry, Safe Pro 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.
Safe Pro Group's Earnings Yield (Joel Greenblatt) % Distribution in the Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Safe Pro Group's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Safe Pro Group's Earnings Yield (Joel Greenblatt) % falls into.
Safe Pro 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.
Safe Pro Groups Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as
Safe Pro Group (NAS:SPAI) 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.
Safe Pro Group Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Safe Pro Group's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Safe Pro Group Inc operates to acquire innovative security and protection products. Its emphasis is on the development of a cloud-based ecosystem for analyzing drone imagery and data utilizing proprietary artificial intelligence ("AI"), machine learning, deep learning, and applied computer vision software for hyper scalable processing, analysis, and reporting. The Company operated in three reportable business segments which consisted of (1) the business of Safe-Pro USA, (2) the business of Airborne Response, and (3) the business of Safe Pro AI. Key revenue is generated from Safe-Pro USA.
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