What is Deutsche Beteiligungs AG Earnings Yield (Joel Greenblatt) %?
Deutsche Beteiligungs AG's Enterprise Value for the quarter that ended in Jun. 2024 was €0.00 Mil.
Deutsche Beteiligungs AG's EBIT for the trailing twelve months (TTM) ended in Jun. 2024 was €0.00 Mil. Deutsche Beteiligungs AG's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2024 was 0.00%.
The historical rank and industry rank for Deutsche Beteiligungs AG's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Deutsche Beteiligungs AG was -8.99%. The lowest was -9.85%. And the median was -9.19%.
LSE:0NUO's Earnings Yield (Joel Greenblatt) % is not ranked *
in the Asset Management industry.
Industry Median: 0 * Ranked among companies with meaningful Earnings Yield (Joel Greenblatt) % only.
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) %. Deutsche Beteiligungs AG's Forward Rate of Return (Yacktman) % for the quarter that ended in Jun. 2024 was 7.91%. 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.
Deutsche Beteiligungs AG Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Deutsche Beteiligungs AG'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.
Deutsche Beteiligungs AG Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of Deutsche Beteiligungs AG's Earnings Yield (Joel Greenblatt) %
For the Asset Management subindustry, Deutsche Beteiligungs AG'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.
Deutsche Beteiligungs AG's Earnings Yield (Joel Greenblatt) % Distribution in the Asset Management Industry
For the Asset Management industry and Financial Services sector, Deutsche Beteiligungs AG's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Deutsche Beteiligungs AG's Earnings Yield (Joel Greenblatt) % falls into.
Deutsche Beteiligungs AG 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.
Deutsche Beteiligungs AGs Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Sep. 2023 is calculated as
Deutsche Beteiligungs AG's EBIT for the trailing twelve months (TTM) ended in Jun. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €0.00 Mil.
Deutsche Beteiligungs AG (LSE:0NUO) 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.
Deutsche Beteiligungs AG Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Deutsche Beteiligungs AG's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Deutsche Beteiligungs AG is a German asset management enterprise. It aims to create value for its investors by the way of two business lines; fund investment services and private equity investments. Under the fund investment services, the assets under management are targeted for long-term growth. The objective of its private equity investments is to sustainably build the value of the companies under its portfolio. The company also manages assets entrusted to it by investors to invest through co-investment funds. Its operating segment includes Private Equity Investments and Fund Investment Services.
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