The historical rank and industry rank for Danieli & C. Officine Meccaniche SpA's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
DNIYY'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -4474.69 Med: 44.27 Max: 42166.43
Current: 133.33
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Danieli & C. Officine Meccaniche SpA was 42166.43%. The lowest was -4474.69%. And the median was 44.27%.
DNIYY's Earnings Yield (Joel Greenblatt) % is ranked better than 99.05% of 3037
companies
in the Industrial Products industry
Industry Median: 4.41
vs DNIYY: 133.33
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) %. Danieli & C. Officine Meccaniche SpA's Forward Rate of Return (Yacktman) % for the quarter that ended in Jun. 2023 was 26.18%. 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.
Danieli & C. Officine Meccaniche SpA Earnings Yield (Joel Greenblatt) % Historical Data
* 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 Danieli & C. Officine Meccaniche SpA's Earnings Yield (Joel Greenblatt) %
For the Specialty Industrial Machinery subindustry, Danieli & C. Officine Meccaniche SpA'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.
Danieli & C. Officine Meccaniche SpA's Earnings Yield (Joel Greenblatt) % Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Danieli & C. Officine Meccaniche SpA's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Danieli & C. Officine Meccaniche SpA's Earnings Yield (Joel Greenblatt) % falls into.
In his book, The Little That Beat the Market, hedge fund manager Joel Greenblatt defines Earnings Yield as operating income divided by enterprise value.
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.
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.
Danieli & C. Officine Meccaniche SpA Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Danieli & C. Officine Meccaniche SpA's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Danieli & C. Officine Meccaniche SpA (Danieli & C. Officine Meccaniche SpA) Business Description
Danieli & C. Officine Meccaniche SpA is an Italy-based company that is engaged in manufacturing and distribution of steel and other nonferrous metal products as well as plant building. The company operates through two segments, namely steelmaking and plant making. The Steelmaking segment manufactures ingots, forged bars, blooms, rolled bars, bar in coils and others. End customers primarily come from the mechanical, automotive, oil & gas, power generation and other sectors. The Plant Making segment designs and builds mines, pellet production plants, furnaces, rolling mills and other various plants and facilities. The company has a global presence, with Europe, Middle East and Far East being the three largest markets for the company.
Danieli & C. Officine Meccaniche SpA (Danieli & C. Officine Meccaniche SpA) Headlines
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
DNIYY has been successfully added to your 