What is Inter RAO UES PJSC Earnings Yield (Joel Greenblatt) %?
Inter RAO UES PJSC's Enterprise Value for the quarter that ended in Jun. 2023 was ₽-44,018 Mil.
Inter RAO UES PJSC's EBIT for the trailing twelve months (TTM) ended in Jun. 2023 was ₽35,707 Mil. Inter RAO UES PJSC's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2023 was -81.30%.
The historical rank and industry rank for Inter RAO UES PJSC's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
MIC:IRAO'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -68197.11 Med: 33.48 Max: 2168.21
Current: 909.09
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Inter RAO UES PJSC was 2168.21%. The lowest was -68197.11%. And the median was 33.48%.
MIC:IRAO's Earnings Yield (Joel Greenblatt) % is ranked better than 99.81% of 522
companies
in the Utilities - Regulated industry
Industry Median: 6.555
vs MIC:IRAO: 909.09
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) %. Inter RAO UES PJSC's Forward Rate of Return (Yacktman) % for the quarter that ended in Jun. 2023 was 22.08%. 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.
Inter RAO UES PJSC Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Inter RAO UES PJSC'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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Inter RAO UES PJSC Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of Inter RAO UES PJSC's Earnings Yield (Joel Greenblatt) %
For the Utilities - Regulated Electric subindustry, Inter RAO UES PJSC'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.
Inter RAO UES PJSC's Earnings Yield (Joel Greenblatt) % Distribution in the Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Inter RAO UES PJSC's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Inter RAO UES PJSC's Earnings Yield (Joel Greenblatt) % falls into.
Inter RAO UES PJSC 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.
Inter RAO UES PJSCs Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as
Inter RAO UES PJSC's EBIT for the trailing twelve months (TTM) ended in Jun. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was ₽35,707 Mil.
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.
Inter RAO UES PJSC Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Inter RAO UES PJSC's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Inter RAO UES PJSC (MIC:IRAO) Business Description
Inter RAO UES PJSC is a Russian energy holding company of which the Russian Federation owns a majority interest. The principal activity of the company is the ownership of interests in subsidiaries operating in the energy industry throughout Russia and much of Eastern Europe. Through its subsidiaries, Inter RAO UES is involved in the production, supply, distribution, sale, import, and export of electricity and thermal energy. The company segments itself into Supply, Electric Power Generation in the Russian Federation, Thermal Power Generation in the Russian Federation, Trading, Foreign Assets, and Engineering business units. The Supply division encompasses most of the company's income.
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