What is Glow Energy PCL Earnings Yield (Joel Greenblatt) %?
Glow Energy PCL's Enterprise Value for the quarter that ended in Sep. 2019 was $0 Mil.
Glow Energy PCL's EBIT for the trailing twelve months (TTM) ended in Sep. 2019 was $384 Mil. Glow Energy PCL's Earnings Yield (Joel Greenblatt) for the quarter that ended in Sep. 2019 was 7.72%.
The historical rank and industry rank for Glow Energy PCL's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
GWEPF's Earnings Yield (Joel Greenblatt) % is not ranked *
in the Utilities - Regulated industry.
Industry Median: 6.63 * Ranked among companies with meaningful Earnings Yield (Joel Greenblatt) % only.
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) %. Glow Energy PCL's Forward Rate of Return (Yacktman) % for the quarter that ended in Sep. 2019 was 8.13%. 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.
Glow Energy PCL Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Glow Energy PCL'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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Glow Energy PCL Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of Glow Energy PCL's Earnings Yield (Joel Greenblatt) %
For the Utilities - Diversified subindustry, Glow Energy PCL'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.
Glow Energy PCL's Earnings Yield (Joel Greenblatt) % Distribution in the Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Glow Energy PCL's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Glow Energy PCL's Earnings Yield (Joel Greenblatt) % falls into.
Glow Energy PCL 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.
Glow Energy PCLs Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2018 is calculated as
Glow Energy PCL's EBIT for the trailing twelve months (TTM) ended in Sep. 2019 adds up the quarterly data reported by the company within the most recent 12 months, which was $384 Mil.
Glow Energy PCL (OTCPK:GWEPF) 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.
Glow Energy PCL Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Glow Energy PCL's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Glow Energy PCL (Glow Energy PCL) Business Description
Glow Energy PCL is a power producing and utilities company based in Thailand. The core business is electricity generation for the Electricity Generating Authority of Thailand (EGAT) and Electricite du Laos (EDL). The company also generates and delivers electricity, steam, and processed water to industrial customers. The firm derives the majority of its revenue from electricity products and services. Glow is divided into Independent Power Producer, Cogeneration, and Renewable energy business lines. The firm operates its own production facilities. They are located in the Chonburi and Rayong provinces of Thailand and the Attapeu province of Laos.
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