What is Ratos AB Earnings Yield (Joel Greenblatt) %?
Ratos AB's Enterprise Value for the quarter that ended in Mar. 2024 was $2,083 Mil.
Ratos AB's EBIT for the trailing twelve months (TTM) ended in Mar. 2024 was $282 Mil. Ratos AB's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2024 was 12.77%.
The historical rank and industry rank for Ratos AB's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
RTOBF'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -7.31 Med: 4.86 Max: 13.72
Current: 13.72
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Ratos AB was 13.72%. The lowest was -7.31%. And the median was 4.86%.
RTOBF's Earnings Yield (Joel Greenblatt) % is ranked better than 77% of 1700
companies
in the Construction industry
Industry Median: 6.43
vs RTOBF: 13.72
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) %. Ratos AB's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 2024 was 35.48%. 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.
Ratos AB Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Ratos AB'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.
Competitive Comparison of Ratos AB's Earnings Yield (Joel Greenblatt) %
For the Engineering & Construction subindustry, Ratos AB'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.
Ratos AB's Earnings Yield (Joel Greenblatt) % Distribution in the Construction Industry
For the Construction industry and Industrials sector, Ratos AB's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Ratos AB's Earnings Yield (Joel Greenblatt) % falls into.
Ratos AB 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.
Ratos ABs Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as
Ratos AB's EBIT for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $282 Mil.
Ratos AB (OTCPK:RTOBF) 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.
Ratos AB Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Ratos AB's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Ratos AB is an investment company that owns and develops unlisted medium- and small-sized Nordic companies. Its portfolio has a concentration in construction, consumer goods/commerce and industrials. Traditionally, Ratos is the largest owner of its companies, and it seeks to influence the company's development. The company sets thresholds for minimum investment amounts and chooses not to invest in the early phases of a company's life cycle. Potential portfolio companies are traditionally headquartered in the Nordic region, but Ratos removes qualifications for portfolio company add-on acquisitions. Potential acquisitions are selected through either internal processes or with the help of investment banks and other advisors.
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