AIA Group's Enterprise Value for the quarter that ended in Dec. 2023 was $99,601 Mil.
AIA Group's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was $5,049 Mil. AIA Group's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was 5.04%.
The historical rank and industry rank for AIA Group's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
AAGIY'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 3.17 Med: 5.65 Max: 9.3
Current: 7.45
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of AIA Group was 9.30%. The lowest was 3.17%. And the median was 5.65%.
AAGIY's Earnings Yield (Joel Greenblatt) % is ranked better than 54.69% of 490
companies
in the Insurance industry
Industry Median: 5.65
vs AAGIY: 7.45
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) %. AIA Group's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2023 was 4.47%. 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.
AIA Group Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for AIA Group'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.
AIA Group Annual Data
Trend
Nov14
Nov15
Nov16
Nov17
Dec18
Dec19
Dec20
Dec21
Dec22
Dec23
Earnings Yield (Joel Greenblatt) %
5.66
4.95
6.95
3.31
5.04
AIA Group Semi-Annual Data
May14
Nov14
May15
Nov15
May16
Nov16
May17
Nov17
Jun18
Dec18
Jun19
Dec19
Jun20
Dec20
Jun21
Dec21
Jun22
Dec22
Jun23
Dec23
Earnings Yield (Joel Greenblatt) %
6.95
-
3.31
-
5.04
Competitive Comparison
For the Insurance - Life subindustry, AIA Group'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.
AIA Group Earnings Yield (Joel Greenblatt) % Distribution
For the Insurance industry and Financial Services sector, AIA Group's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where AIA Group's Earnings Yield (Joel Greenblatt) % falls into.
AIA Group 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.
AIA Groups 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.
AIA Group (OTCPK:AAGIY) 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.
AIA Group Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of AIA Group's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
AIA is one of the largest pan-Asian insurance providers with a wide range of products including retirement savings plans, life insurance, and accident and health insurance. The company is headquartered in Hong Kong. It was previously part of AIG and went for a separate listing in Hong Kong in 2010. The firm also provides employee benefits, credit life, and pension services to corporate clients. AIA is present in 18 markets and serves the holders of more than 30 million individual policies and over 16 million participating members of group insurance schemes.
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