The historical rank and industry rank for Global Bio-chem Technology Group Co's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
HKSE:00809'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -53.31 Med: -8.66 Max: 89.29
Current: 89.29
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Global Bio-chem Technology Group Co was 89.29%. The lowest was -53.31%. And the median was -8.66%.
HKSE:00809's Earnings Yield (Joel Greenblatt) % is ranked better than 99.03% of 1950
companies
in the Consumer Packaged Goods industry
Industry Median: 5.025
vs HKSE:00809: 89.29
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) %. Global Bio-chem Technology Group Co'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.
Global Bio-chem Technology Group Co Earnings Yield (Joel Greenblatt) % Historical Data
* 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.
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Global Bio-chem Technology Group Co Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of Global Bio-chem Technology Group Co's Earnings Yield (Joel Greenblatt) %
For the Packaged Foods subindustry, Global Bio-chem Technology Group Co'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.
Global Bio-chem Technology Group Co's Earnings Yield (Joel Greenblatt) % Distribution in the Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Global Bio-chem Technology Group Co's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Global Bio-chem Technology Group Co's Earnings Yield (Joel Greenblatt) % falls into.
Global Bio-chem Technology Group Co 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.
For company reported semi-annually or annually, GuruFocus only calculate annual data for Earnings Yield (Joel Greenblatt) and apply the annual figure to corresponding quarter.
Global Bio-chem Technology Group Co (HKSE:00809) 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.
Global Bio-chem Technology Group Co Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Global Bio-chem Technology Group Co's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Global Bio-chem Technology Group Co (HKSE:00809) Business Description
Global Bio-chem Technology Group Co Ltd manufactures and sells corn-refined products and corn-based biochemical products. Its segments are the Upstream Products segment engages in the manufacture and sale of corn starch, gluten meal, corn oil, and other corn refined products; the Amino Acids segment engages in the manufacture and sale of corn-based biochemical products, including lysine and threonine; the Corn Sweeteners segment engages in the manufacture and sale of corn-based sweetener products, including glucose, maltose, high fructose corn syrup, crystallized glucose, and maltodextrin; the Polyol Chemicals segment engages in the manufacture and sale of corn-based biochemical products, including polyol chemicals, anti-freeze products, hydrogen, and ammonia.
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