Lead Real Estate Co's Enterprise Value for the quarter that ended in Jun. 2023 was $0.0 Mil.
Lead Real Estate Co's EBIT for the trailing twelve months (TTM) ended in Jun. 2023 was $6.3 Mil. Lead Real Estate Co's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2023 was 0.00%.
The historical rank and industry rank for Lead Real Estate Co's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
LRE'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 3.63 Med: 4.15 Max: 5.43
Current: 5.19
During the past 4 years, the highest Earnings Yield (Joel Greenblatt) of Lead Real Estate Co was 5.43%. The lowest was 3.63%. And the median was 4.15%.
LRE's Earnings Yield (Joel Greenblatt) % is ranked better than 54.74% of 1858
companies
in the Real Estate industry
Industry Median: 4.33
vs LRE: 5.19
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) %. Lead Real Estate Co's Forward Rate of Return (Yacktman) % for the quarter that ended in Jun. 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.
Lead Real Estate Co Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Lead Real Estate Co'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.
Lead Real Estate Co Annual Data
Trend
Jun20
Jun21
Jun22
Jun23
Earnings Yield (Joel Greenblatt) %
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Lead Real Estate Co Semi-Annual Data
Jun20
Dec20
Jun21
Dec21
Jun22
Dec22
Jun23
Earnings Yield (Joel Greenblatt) %
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Competitive Comparison
For the Real Estate - Development subindustry, Lead Real Estate Co'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.
Lead Real Estate Co Earnings Yield (Joel Greenblatt) % Distribution
For the Real Estate industry and Real Estate sector, Lead Real Estate Co's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Lead Real Estate Co's Earnings Yield (Joel Greenblatt) % falls into.
Lead Real Estate Co 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.
Lead Real Estate Cos Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Jun. 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.
Lead Real Estate Co (NAS:LRE) 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.
Lead Real Estate Co Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Lead Real Estate Co's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Lead Real Estate Co (Lead Real Estate Co) Business Description
Lead Real Estate Co Ltd operates as a developer of luxury residential properties, including single-family homes and condominiums, across Tokyo and Kanagawa prefecture. It operates hotels in Tokyo and leases apartment building units to individual customers in Japan and Dallas, Texas. It generates revenue from developing and selling single-family homes and condominiums. The company's primary and sole operating segment is real estate sales.
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