What is PSG Financial Services Limited Earnings Yield (Joel Greenblatt) %?
PSG Financial Services Limited's Enterprise Value for the quarter that ended in Aug. 2023 was R17,101 Mil.
PSG Financial Services Limited's EBIT for the trailing twelve months (TTM) ended in Aug. 2023 was R1,605 Mil. PSG Financial Services Limited's Earnings Yield (Joel Greenblatt) for the quarter that ended in Aug. 2023 was 0.00%.
The historical rank and industry rank for PSG Financial Services Limited's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
JSE:KST'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 1.41 Med: 2.68 Max: 8.8
Current: 8.72
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of PSG Financial Services Limited was 8.80%. The lowest was 1.41%. And the median was 2.68%.
JSE:KST's Earnings Yield (Joel Greenblatt) % is ranked better than 86.53% of 1708
companies
in the Asset Management industry
Industry Median: 0
vs JSE:KST: 8.72
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) %. PSG Financial Services Limited's Forward Rate of Return (Yacktman) % for the quarter that ended in Aug. 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.
* 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 Asset Management subindustry, PSG Financial Services Limited'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.
PSG Financial Services Limited's Earnings Yield (Joel Greenblatt) % Distribution in the Asset Management Industry
For the Asset Management industry and Financial Services sector, PSG Financial Services Limited's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where PSG Financial Services Limited'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.
PSG Financial Services Limiteds Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Feb. 2023 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.
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.
Thank you for viewing the detailed overview of PSG Financial Services Limited's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
PSG Financial Services Limited (JSE:KST) Business Description
PSG Financial Services Limited is an independent financial services group. Business is executed through three operating divisions: PSG Wealth, PSG Asset Management, and PSG Insure. PSG Wealth provides the group with nearly half of its income, with PSG Insure outweighing PSG Asset Management. Through the Wealth unit, PSG delivers a comprehensive suite of products to individuals, families, and businesses. Some of the PSG Wealth offerings include investment products, stockbroking, estate and trust services, and many other related products. Offerings under PSG Insure cover a range of short-term insurance solutions, for both personal and commercial needs. PSG rounds out its portfolio with the PSG Asset Management group which offers a range of local unit trusts and international funds.
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