What is Purcari Wineries PCL Earnings Yield (Joel Greenblatt) %?
Purcari Wineries PCL's Enterprise Value for the quarter that ended in Mar. 2024 was lei790.3 Mil.
Purcari Wineries PCL's EBIT for the trailing twelve months (TTM) ended in Mar. 2024 was lei78.3 Mil. Purcari Wineries PCL's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2024 was 9.90%.
The historical rank and industry rank for Purcari Wineries PCL's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
BSE:WINE'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 6.22 Med: 11.54 Max: 17.22
Current: 10.15
During the past 7 years, the highest Earnings Yield (Joel Greenblatt) of Purcari Wineries PCL was 17.22%. The lowest was 6.22%. And the median was 11.54%.
BSE:WINE's Earnings Yield (Joel Greenblatt) % is ranked better than 79.55% of 220
companies
in the Beverages - Alcoholic industry
Industry Median: 5.345
vs BSE:WINE: 10.15
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) %. Purcari Wineries PCL's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 2024 was 15.65%. 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.
Purcari Wineries PCL Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Purcari Wineries PCL'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.
For the Beverages - Wineries & Distilleries subindustry, Purcari Wineries PCL'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.
Purcari Wineries PCL's Earnings Yield (Joel Greenblatt) % Distribution in the Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, Purcari Wineries PCL's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Purcari Wineries PCL'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.
Purcari Wineries PCLs Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as
Purcari Wineries PCL's EBIT for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was lei78.3 Mil.
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.
Purcari Wineries PCL Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Purcari Wineries PCL's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Purcari Wineries PCL (BSE:WINE) Business Description
Purcari Wineries PCL is engaged in the business of production of wine and brandy products in Romania and Moldova. The company exports its products to various countries across Europe, Asia, and America. The Group has five core brands across wide range of price segments in the still and sparkling wine categories, as well as a brand in the popular premium brandy segment which are Purcari Wine, Crama Ceptura Wine, Domeniile Cuza, Bostavan Wine and Bardar Divin and Angel's Estate. The Group operates four production platforms in Romania and Moldova, three of which are dedicated to wine production and one dedicated to brandy production.
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