What is Shin-Etsu Chemical Co Earnings Yield (Joel Greenblatt) %?
Shin-Etsu Chemical Co's Enterprise Value for the quarter that ended in Dec. 2023 was $73,063 Mil.
Shin-Etsu Chemical Co's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was $5,488 Mil. Shin-Etsu Chemical Co's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was 7.87%.
The historical rank and industry rank for Shin-Etsu Chemical Co's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
SHECY'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 5.49 Med: 9.11 Max: 20.87
Current: 7.92
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Shin-Etsu Chemical Co was 20.87%. The lowest was 5.49%. And the median was 9.11%.
SHECY's Earnings Yield (Joel Greenblatt) % is ranked better than 69.25% of 1574
companies
in the Chemicals industry
Industry Median: 4.295
vs SHECY: 7.92
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) %. Shin-Etsu Chemical Co's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 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.
Shin-Etsu Chemical Co Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Shin-Etsu Chemical 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.
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Shin-Etsu Chemical Co Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of Shin-Etsu Chemical Co's Earnings Yield (Joel Greenblatt) %
For the Chemicals subindustry, Shin-Etsu Chemical 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.
Shin-Etsu Chemical Co's Earnings Yield (Joel Greenblatt) % Distribution in the Chemicals Industry
For the Chemicals industry and Basic Materials sector, Shin-Etsu Chemical Co's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Shin-Etsu Chemical Co's Earnings Yield (Joel Greenblatt) % falls into.
Shin-Etsu Chemical 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.
Shin-Etsu Chemical Cos Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Mar. 2024 is calculated as
Shin-Etsu Chemical Co's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $5,488 Mil.
Shin-Etsu Chemical Co (OTCPK:SHECY) 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.
Shin-Etsu Chemical Co Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Shin-Etsu Chemical Co's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Shin-Etsu Chemical Co (Shin-Etsu Chemical Co) Business Description
Shin-Etsu Chemical Co Ltd is a Japan-based company primarily engaged in chemical business. The company operates in six business segments namely Poly Vinyl Chloride, Specialty Chemicals, Silicon, Semiconductor Silicon, Electronic and Functional Materials and Diversified business. It derives majority of revenue through Poly Vinyl Chloride segment which manufactures and sells vinyl chloride, caustic soda products, chloromethane and methanol. The group is also involved in manufacturing and selling of various other chemical products such as Polyvinyl alcohol, Synthetic pheromones, Rare-earth magnets for electronics industry and general applications, Photoresists, Photomask blanks and others. Geographically, it operates from the market of Japan and its business is amplifying across the globe.
Shin-Etsu Chemical Co (Shin-Etsu Chemical Co) Headlines
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