What is Tohoku Electric Power Co Earnings Yield (Joel Greenblatt) %?
Tohoku Electric Power Co's Enterprise Value for the quarter that ended in Dec. 2023 was $21,531 Mil.
Tohoku Electric Power Co's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was $2,284 Mil. Tohoku Electric Power Co's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was 10.35%.
The historical rank and industry rank for Tohoku Electric Power Co's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
TEPCY'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -9.74 Med: 3.9 Max: 10.35
Current: 10.2
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Tohoku Electric Power Co was 10.35%. The lowest was -9.74%. And the median was 3.90%.
TEPCY's Earnings Yield (Joel Greenblatt) % is ranked better than 79.6% of 446
companies
in the Utilities - Independent Power Producers industry
Industry Median: 4.59
vs TEPCY: 10.20
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) %. Tohoku Electric Power 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.
Tohoku Electric Power Co Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Tohoku Electric Power 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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Tohoku Electric Power Co Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of Tohoku Electric Power Co's Earnings Yield (Joel Greenblatt) %
For the Utilities - Renewable subindustry, Tohoku Electric Power 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.
Tohoku Electric Power Co's Earnings Yield (Joel Greenblatt) % Distribution in the Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Tohoku Electric Power Co's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Tohoku Electric Power Co's Earnings Yield (Joel Greenblatt) % falls into.
Tohoku Electric Power 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.
Tohoku Electric Power Cos Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Mar. 2023 is calculated as
Tohoku Electric Power 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 $2,284 Mil.
Tohoku Electric Power Co (OTCPK:TEPCY) 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.
Tohoku Electric Power Co Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Tohoku Electric Power Co's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Tohoku Electric Power Co (Tohoku Electric Power Co) Business Description
Tohoku Electric Power Co Inc is an electric utility company operating in and serving the Tohoku region of the Japanese archipelago. The country separates its activities into Electric power, Construction, and Other business segments. Almost all of the company's revenue comes from its Electric power business in the form of electricity sales. Tohoku Electric produces power through its portfolio of facilities utilizing nuclear, liquefied natural gas, coal, oil, hydro, geothermal, solar, and wind fuel sources. Most of the company's energy production comes from its thermal, non-renewable sites, which it then transmits and distributes to mainly residential customers. Tohoku Electric Power produces sizable amounts of Japan's total geothermal and wind energy output, as well.
Tohoku Electric Power Co (Tohoku Electric Power Co) Headlines
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