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RWT AG (WBO:RWT) Earnings Yield (Joel Greenblatt) % : 0.00% (As of Jan. 2023)


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What is RWT AG Earnings Yield (Joel Greenblatt) %?

RWT AG's Enterprise Value for the quarter that ended in Jan. 2023 was €0.00 Mil. RWT AG does not have enough years/quarters to calculate its EBIT for the trailing twelve months (TTM) ended in Jan. 2023. Therefore, GuruFocus does not calculate RWT AG's Earnings Yield (Joel Greenblatt) at this moment.

The historical rank and industry rank for RWT AG's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:

WBO:RWT' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 2.06   Med: 2.16   Max: 2.85
Current: 2.47

During the past 3 years, the highest Earnings Yield (Joel Greenblatt) of RWT AG was 2.85%. The lowest was 2.06%. And the median was 2.16%.

WBO:RWT's Earnings Yield (Joel Greenblatt) % is ranked worse than
64.48% of 3046 companies
in the Industrial Products industry
Industry Median: 4.21 vs WBO:RWT: 2.47

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) %. RWT AG's Forward Rate of Return (Yacktman) % for the quarter that ended in Jan. 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.


RWT AG Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for RWT 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.

RWT AG Earnings Yield (Joel Greenblatt) % Chart

RWT AG Annual Data
Trend Jan21 Jan22 Jan23
Earnings Yield (Joel Greenblatt) %
- - -

RWT AG Semi-Annual Data
Jan21 Jan22 Jan23
Earnings Yield (Joel Greenblatt) % - - -

Competitive Comparison of RWT AG's Earnings Yield (Joel Greenblatt) %

For the Specialty Industrial Machinery subindustry, RWT 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.


RWT AG's Earnings Yield (Joel Greenblatt) % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, RWT AG's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where RWT AG's Earnings Yield (Joel Greenblatt) % falls into.



RWT 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.

RWT AGs Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Jan. 2023 is calculated as

Earnings Yield (Joel Greenblatt)=EBIT/Enterprise Value
=1.213/0
= %



RWT AG  (WBO:RWT) 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.

Forward Rate of Return (Yacktman) % based on Don Yacktman's definition is a better measure of the expected rate of return for a stock.


RWT AG Earnings Yield (Joel Greenblatt) % Related Terms

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RWT AG (WBO:RWT) Business Description

Industry
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N/A
Address
Gseng 90, Russbach, Salzburg, AUT, 5442
RWT AG is a manufacturing company whose focus is on toolmaking, mold making, prototyping and assembly production. They also manufacture engine components and precision parts on a contract basis, including for the automotive, aircraft and motorsport industries.