What is Deme Group NV Earnings Yield (Joel Greenblatt) %?
Deme Group NV's Enterprise Value for the quarter that ended in Dec. 2023 was €3,383 Mil.
Deme Group NV's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was €238 Mil. Deme Group NV's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was 7.04%.
The historical rank and industry rank for Deme Group NV's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
XBRU:DEME'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 3.78 Med: 5.09 Max: 16.62
Current: 5.11
During the past 9 years, the highest Earnings Yield (Joel Greenblatt) of Deme Group NV was 16.62%. The lowest was 3.78%. And the median was 5.09%.
XBRU:DEME's Earnings Yield (Joel Greenblatt) % is ranked worse than 57.88% of 1700
companies
in the Construction industry
Industry Median: 6.495
vs XBRU:DEME: 5.11
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) %. Deme Group NV's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2023 was -15.41%. 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.
Deme Group NV Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Deme Group NV'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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Deme Group NV Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of Deme Group NV's Earnings Yield (Joel Greenblatt) %
For the Engineering & Construction subindustry, Deme Group NV'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.
Deme Group NV's Earnings Yield (Joel Greenblatt) % Distribution in the Construction Industry
For the Construction industry and Industrials sector, Deme Group NV's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Deme Group NV's Earnings Yield (Joel Greenblatt) % falls into.
Deme Group NV 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.
Deme Group NVs Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as
For company reported semi-annually or annually, GuruFocus only calculate annual data for Earnings Yield (Joel Greenblatt) and apply the annual figure to corresponding quarter.
Deme Group NV (XBRU:DEME) 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.
Deme Group NV Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Deme Group NV's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Deme Group NV Is a provider of dredging and construction services intended to cater to the renewable energy industries and environmental works. The company provides engineering and contracting services globally in the offshore renewables and non-renewables sectors and performs a wide variety of dredging activities and offers solutions for soil remediation and brownfield redevelopment, as well as environmental dredging and sediment treatment, thereby serving its clients.
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