What is West Holdings Earnings Yield (Joel Greenblatt) %?
West Holdings's Enterprise Value for the quarter that ended in Feb. 2024 was 円157,581 Mil.
West Holdings's EBIT for the trailing twelve months (TTM) ended in Feb. 2024 was 円9,947 Mil. West Holdings's Earnings Yield (Joel Greenblatt) for the quarter that ended in Feb. 2024 was 6.31%.
The historical rank and industry rank for West Holdings's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
TSE:1407'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 2.76 Med: 11 Max: 34.4
Current: 6.58
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of West Holdings was 34.40%. The lowest was 2.76%. And the median was 11.00%.
TSE:1407's Earnings Yield (Joel Greenblatt) % is ranked better than 63.09% of 447
companies
in the Utilities - Independent Power Producers industry
Industry Median: 4.61
vs TSE:1407: 6.58
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) %. West Holdings's Forward Rate of Return (Yacktman) % for the quarter that ended in Feb. 2024 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.
West Holdings Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for West Holdings'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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West Holdings Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of West Holdings's Earnings Yield (Joel Greenblatt) %
For the Utilities - Renewable subindustry, West Holdings'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.
West Holdings's Earnings Yield (Joel Greenblatt) % Distribution in the Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, West Holdings's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where West Holdings's Earnings Yield (Joel Greenblatt) % falls into.
West Holdings 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.
West Holdingss Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Aug. 2023 is calculated as
West Holdings's EBIT for the trailing twelve months (TTM) ended in Feb. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was 円9,947 Mil.
West Holdings (TSE:1407) 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.
West Holdings Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of West Holdings's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
West Holdings Corp is engaged in the solar power generation. The company generates solar power for municipalities, residential and industrial use. Its business activities are divided into different divisions including Stadtberg business, Solar power generation for municipalities, special high-pressure solar power generation, Industrial solar power generation, Residential solar power generation, O & M (operation and management), Sales of electricity and Esco Business. Stadtberg division provides consulting and operation support for infrastructure services centered on renewable energy. O & M division monitors the photovoltaic power plant and maintains the maximum amount of power generation. Its Esco division provides various energy-saving measures.
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