What is Johnson Electric Holdings Earnings Yield (Joel Greenblatt) %?
Johnson Electric Holdings's Enterprise Value for the quarter that ended in Mar. 2024 was $1,174 Mil.
Johnson Electric Holdings's EBIT for the trailing twelve months (TTM) ended in Mar. 2024 was $303 Mil. Johnson Electric Holdings's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2024 was 25.00%.
The historical rank and industry rank for Johnson Electric Holdings's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
JEHLY'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -30.15 Med: 10.23 Max: 28.25
Current: 22.32
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Johnson Electric Holdings was 28.25%. The lowest was -30.15%. And the median was 10.23%.
JEHLY's Earnings Yield (Joel Greenblatt) % is ranked better than 90.76% of 1310
companies
in the Vehicles & Parts industry
Industry Median: 6.035
vs JEHLY: 22.32
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) %. Johnson Electric Holdings's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 2024 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.
Johnson Electric Holdings Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Johnson Electric Holdings'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.
Johnson Electric Holdings Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of Johnson Electric Holdings's Earnings Yield (Joel Greenblatt) %
For the Auto Parts subindustry, Johnson Electric Holdings'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.
Johnson Electric Holdings's Earnings Yield (Joel Greenblatt) % Distribution in the Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Johnson Electric Holdings's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Johnson Electric Holdings's Earnings Yield (Joel Greenblatt) % falls into.
Johnson Electric Holdings 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.
Johnson Electric Holdingss Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Mar. 2024 is calculated as
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.
Johnson Electric Holdings (OTCPK:JEHLY) 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.
Johnson Electric Holdings Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Johnson Electric Holdings's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Johnson Electric Holdings (Johnson Electric Holdings) Business Description
Johnson Electric Holdings Ltd, along with its subsidiaries, is engaged in the manufacturing and selling of electro-mechanical motion systems and solutions. The company is organized into two business units: Automotive Products Group and Industry Products Group of which Automotive Products Group contributes the vast majority of its total revenue. Its automotive products include cooling fans, electric power steering motors, headlamp actuators, transmission and driveline actuators. Its industry segment offers medical devices, circuit breakers, power tools, industrial and laboratory equipment, building automation, and optronics. The company operates in Hong Kong, Switzerland, Canada, Serbia, and Others.
Johnson Electric Holdings (Johnson Electric Holdings) Headlines
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