What is China Biologic Products Holdings Earnings Yield (Joel Greenblatt) %?
China Biologic Products Holdings's Enterprise Value for the quarter that ended in Sep. 2020 was $3,297.1 Mil.
China Biologic Products Holdings's EBIT for the trailing twelve months (TTM) ended in Sep. 2020 was $198.6 Mil. China Biologic Products Holdings's Earnings Yield (Joel Greenblatt) for the quarter that ended in Sep. 2020 was 6.40%.
The historical rank and industry rank for China Biologic Products Holdings's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
CBPO'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 4.67 Med: 5.9 Max: 9.52
Current: 5.46
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of China Biologic Products Holdings was 9.52%. The lowest was 4.67%. And the median was 5.90%.
CBPO's Earnings Yield (Joel Greenblatt) % is not ranked
in the Biotechnology industry.
Industry Median: -15.44
vs CBPO: 5.46
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) %. China Biologic Products Holdings's Forward Rate of Return (Yacktman) % for the quarter that ended in Sep. 2020 was 3.35%. 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.
China Biologic Products Holdings 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.
* Premium members only.
China Biologic Products Holdings Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of China Biologic Products Holdings's Earnings Yield (Joel Greenblatt) %
For the Biotechnology subindustry, China Biologic Products 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.
China Biologic Products Holdings's Earnings Yield (Joel Greenblatt) % Distribution in the Biotechnology Industry
For the Biotechnology industry and Healthcare sector, China Biologic Products Holdings's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where China Biologic Products Holdings's Earnings Yield (Joel Greenblatt) % falls into.
China Biologic Products 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.
China Biologic Products Holdings's EBIT for the trailing twelve months (TTM) ended in Sep. 2020 adds up the quarterly data reported by the company within the most recent 12 months, which was $198.6 Mil.
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.
China Biologic Products Holdings Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of China Biologic Products Holdings's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
China Biologic Products Holdings (China Biologic Products Holdings) Business Description
China Biologic Products Holdings Inc is a biopharmaceutical company principally engaged in the research, development, manufacturing and sales of human plasma-based products in China. The company operates its business through two majority owned subsidiaries, Shandong Taibang and Guizhou Taibang. China Biologic's product pipeline includes a variety of dosages across multiple product categories. Its principal products are human albumin and immunoglobulin for intravenous injection. All of the company's products are prescription medicines administered in the form of injections. China Biologic's sales model focuses on direct sales to hospitals and inoculation centers and is complemented by distributor sales.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
CBPO has been successfully added to your 