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Deferred Tax Assets in Calculation of Enterprise Value and Earnings Yield
Background: For Joel Greenblatt's "Magic Formula," he defines earnings yield as EBIT/ EV . Further, he defines EV as equity value including preferred equity + net interest bearing debt. I'm looking at a potential investment in Socket Mobile (SCKT). In 2015, Sckt had EBIT of $2.1M on an EV of $3.7M...
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