What is voestalpine AG Earnings Yield (Joel Greenblatt) %?
voestalpine AG's Enterprise Value for the quarter that ended in Dec. 2023 was $4,486 Mil.
voestalpine AG's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was $1,379 Mil. voestalpine AG's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was 30.77%.
The historical rank and industry rank for voestalpine AG's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
VLPNF'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -6.74 Med: 10.58 Max: 79.31
Current: 21.28
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of voestalpine AG was 79.31%. The lowest was -6.74%. And the median was 10.58%.
VLPNF's Earnings Yield (Joel Greenblatt) % is ranked better than 87.03% of 640
companies
in the Steel industry
Industry Median: 6.88
vs VLPNF: 21.28
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) %. voestalpine AG'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.
voestalpine AG Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for voestalpine AG'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.
voestalpine AG Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of voestalpine AG's Earnings Yield (Joel Greenblatt) %
For the Steel subindustry, voestalpine AG'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.
voestalpine AG's Earnings Yield (Joel Greenblatt) % Distribution in the Steel Industry
For the Steel industry and Basic Materials sector, voestalpine AG's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where voestalpine AG's Earnings Yield (Joel Greenblatt) % falls into.
voestalpine AG 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.
voestalpine AGs Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Mar. 2023 is calculated as
voestalpine AG'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 $1,379 Mil.
voestalpine AG (OTCPK:VLPNF) 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.
voestalpine AG Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of voestalpine AG's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
voestalpine AG (voestalpine AG) Business Description
voestalpine AG is an Austria-based holding company engaged in the manufacturing, processing and development of steel products. The company is divided into four divisions. The Steel Division is involved in the production of steel products and the casting of large turbines. The High-Performance metals Division provides metals for the automotive, consumer goods, power generation, energy and aviation sectors. The Metal Engineering division produces rails, turnout systems, track-based monitoring systems, specially treated wire and others. The Metal Forming Division provides customized special and precision sections, as well as solutions for systems in the construction, cab construction for commercial vehicles, and aviation sectors. The company generates its revenue from the European Union.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
VLPNF has been successfully added to your 