What is AB International Group Earnings Yield (Joel Greenblatt) %?
AB International Group's Enterprise Value for the quarter that ended in Feb. 2024 was $4.05 Mil.
AB International Group's EBIT for the trailing twelve months (TTM) ended in Feb. 2024 was $-1.72 Mil. AB International Group's Earnings Yield (Joel Greenblatt) for the quarter that ended in Feb. 2024 was -42.55%.
The historical rank and industry rank for AB International Group's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
ABQQ'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -400.74 Med: -4.49 Max: 144.4
Current: -74.63
During the past 10 years, the highest Earnings Yield (Joel Greenblatt) of AB International Group was 144.40%. The lowest was -400.74%. And the median was -4.49%.
ABQQ's Earnings Yield (Joel Greenblatt) % is ranked worse than 95.16% of 1053
companies
in the Media - Diversified industry
Industry Median: 2.76
vs ABQQ: -74.63
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) %. AB International Group's Forward Rate of Return (Yacktman) % for the quarter that ended in Feb. 2024 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.
AB International Group Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for AB International 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.
AB International Group Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of AB International Group's Earnings Yield (Joel Greenblatt) %
For the Entertainment subindustry, AB International 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.
AB International Group's Earnings Yield (Joel Greenblatt) % Distribution in the Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, AB International Group's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where AB International Group's Earnings Yield (Joel Greenblatt) % falls into.
AB International 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.
AB International Groups Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Aug. 2023 is calculated as
AB International Group's EBIT for the trailing twelve months (TTM) ended in Feb. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-1.72 Mil.
AB International Group (OTCPK:ABQQ) 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.
AB International Group Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of AB International Group's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
AB International Group (AB International Group) Business Description
AB International Group Corp is an intellectual property (IP) and movie investment and licensing firm, focused on acquisitions and development of various intellectual property, including the acquisition and distribution of movies. It is predominantly engaged in owning or leasing franchises, patents, and copyrights then in turn license others to use. The company is also engaged in other businesses such as providing Video streaming service under the brand name ABQQ.tv, Smartphone patent, NFT movie and music marketplace license business and operating AB movie theatres. The company has two reportable segments, Copyrights and license (IP) segment which generates majority of the revenue and cinema segment.
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