What is Oasis Crescent Property Fund Earnings Yield (Joel Greenblatt) %?
Oasis Crescent Property Fund's Enterprise Value for the quarter that ended in Mar. 2024 was R1,179.3 Mil.
Oasis Crescent Property Fund's EBIT for the trailing twelve months (TTM) ended in Mar. 2024 was R285.2 Mil. Oasis Crescent Property Fund's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2024 was 24.21%.
The historical rank and industry rank for Oasis Crescent Property Fund's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
JSE:OAS'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 1.1 Med: 6.21 Max: 25.44
Current: 25.25
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Oasis Crescent Property Fund was 25.44%. The lowest was 1.10%. And the median was 6.21%.
JSE:OAS's Earnings Yield (Joel Greenblatt) % is ranked better than 95.57% of 903
companies
in the REITs industry
Industry Median: 2.78
vs JSE:OAS: 25.25
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) %. Oasis Crescent Property Fund's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 2024 was -0.04%. 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.
Oasis Crescent Property Fund Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Oasis Crescent Property Fund'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.
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Oasis Crescent Property Fund Earnings Yield (Joel Greenblatt) % Chart
For the REIT - Diversified subindustry, Oasis Crescent Property Fund'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.
Oasis Crescent Property Fund's Earnings Yield (Joel Greenblatt) % Distribution in the REITs Industry
For the REITs industry and Real Estate sector, Oasis Crescent Property Fund's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Oasis Crescent Property Fund's Earnings Yield (Joel Greenblatt) % falls into.
Oasis Crescent Property Fund 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.
Oasis Crescent Property Funds 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.
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.
Oasis Crescent Property Fund Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Oasis Crescent Property Fund's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Oasis Crescent Property Fund (JSE:OAS) Business Description
Oasis Crescent Property Fund is a closed-ended REIT property fund established to provide sustainable income and real returns to investors by investing in shares of companies, collective investment schemes, and real estate investment trusts. The Fund operates in the following primary business segments such as Office - comprising office buildings and office parking, Industrial - industrial buildings such as warehouses and factories, Retail - comprising retail outlets, Investments - comprising financial assets at fair value through profit or loss, other financial assets at fair value through profit or loss, other short-term financial assets at fair value through profit or loss, other receivables and cash and cash equivalents.
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