What is Dialog Axiata Earnings Yield (Joel Greenblatt) %?
Dialog Axiata's Enterprise Value for the quarter that ended in Sep. 2023 was රු174,781 Mil.
Dialog Axiata's EBIT for the trailing twelve months (TTM) ended in Sep. 2023 was රු34,817 Mil. Dialog Axiata's Earnings Yield (Joel Greenblatt) for the quarter that ended in Sep. 2023 was 19.92%.
The historical rank and industry rank for Dialog Axiata's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
COL:DIAL.N0000'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -32.98 Med: 9.46 Max: 22.13
Current: 19.22
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Dialog Axiata was 22.13%. The lowest was -32.98%. And the median was 9.46%.
COL:DIAL.N0000's Earnings Yield (Joel Greenblatt) % is ranked better than 90.68% of 397
companies
in the Telecommunication Services industry
Industry Median: 5.24
vs COL:DIAL.N0000: 19.22
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) %. Dialog Axiata's Forward Rate of Return (Yacktman) % for the quarter that ended in Sep. 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.
Dialog Axiata Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Dialog Axiata'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 Dialog Axiata's Earnings Yield (Joel Greenblatt) %
For the Telecom Services subindustry, Dialog Axiata'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.
Dialog Axiata's Earnings Yield (Joel Greenblatt) % Distribution in the Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, Dialog Axiata's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Dialog Axiata'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.
Dialog Axiatas Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2022 is calculated as
Dialog Axiata's EBIT for the trailing twelve months (TTM) ended in Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was රු34,817 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.
Dialog Axiata Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Dialog Axiata's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Dialog Axiata (COL:DIAL.N0000) Business Description
Dialog Axiata PLC operates a mobile telecommunications network. It mainly offers the provision of mobile services, data services, international direct dialing services, leasing of passive infrastructure, provision of interconnect services, pay television transmission services, provision of other data services, and digital services. The company serves its customer-facing technology and service delivery infrastructures spanning mobile, fixed line, broadband, digital television, and digital services sectors. Its segments include Mobile operation; Fixed telephony and broadband operation; and Television operation. The company generates maximum revenue from Mobile operation segment.
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