What is VNET Group Earnings Yield (Joel Greenblatt) %?
VNET Group's Enterprise Value for the quarter that ended in Dec. 2023 was $2,849 Mil.
VNET Group's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was $-303 Mil. VNET Group's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was -10.68%.
The historical rank and industry rank for VNET Group's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
VNET'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -26.78 Med: -0.67 Max: 11.69
Current: -11.59
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of VNET Group was 11.69%. The lowest was -26.78%. And the median was -0.67%.
VNET's Earnings Yield (Joel Greenblatt) % is ranked worse than 79.27% of 2856
companies
in the Software industry
Industry Median: 1.18
vs VNET: -11.59
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) %. VNET Group's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2023 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.
VNET Group Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for VNET Group'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.
VNET Group Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of VNET Group's Earnings Yield (Joel Greenblatt) %
For the Information Technology Services subindustry, VNET Group'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.
VNET Group's Earnings Yield (Joel Greenblatt) % Distribution in the Software Industry
For the Software industry and Technology sector, VNET Group's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where VNET Group's Earnings Yield (Joel Greenblatt) % falls into.
VNET Group 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.
VNET Groups Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as
VNET Group's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-303 Mil.
VNET Group (NAS:VNET) 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.
VNET Group Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of VNET Group's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
VNET started as AsiaCloud in 1999 and moved to the data center business with its first self-developed data center opening in 2010. The firm listed (as 21Vianet) on the Nasdaq in April 2011, subsequently changing its name to VNET Group in 2021. It originally focused on providing data center services such as colocation and cloud services to retail clients in China, but added hyperscale customers in 2019 and now counts large Chinese hyperscalers such as Alibaba Cloud, Tencent Cloud, and Huawei Cloud as customers. At end-September 2023 it had 84,608 self-built cabinets with the majority in Beijing, Shanghai, and the Greater Bay area. It also operated partnered data centers with around 4,314 cabinets and had 476 MW of wholesale capacity contracted or under a memorandum of understanding.
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