What is Charter Hall Group Earnings Yield (Joel Greenblatt) %?
Charter Hall Group's Enterprise Value for the quarter that ended in Dec. 2024 was A$6,998.4 Mil.
Charter Hall Group's EBIT for the trailing twelve months (TTM) ended in Dec. 2024 was A$155.9 Mil. Charter Hall Group's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2024 was 0.00%.
The historical rank and industry rank for Charter Hall Group's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
ASX:CHC'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -1.76 Med: 7.46 Max: 22
Current: 1.6
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Charter Hall Group was 22.00%. The lowest was -1.76%. And the median was 7.46%.
ASX:CHC's Earnings Yield (Joel Greenblatt) % is ranked worse than 62.16% of 1007
companies
in the REITs industry
Industry Median: 3.19
vs ASX:CHC: 1.60
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) %. Charter Hall Group's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2024 was 0.00%. The Forward Rate of Return uses the normalized Free Cash Flow of the past five 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.
Charter Hall Group Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Charter Hall 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.
Charter Hall Group Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of Charter Hall Group's Earnings Yield (Joel Greenblatt) %
For the REIT - Diversified subindustry, Charter Hall 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.
Charter Hall Group's Earnings Yield (Joel Greenblatt) % Distribution in the REITs Industry
For the REITs industry and Real Estate sector, Charter Hall Group's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Charter Hall Group's Earnings Yield (Joel Greenblatt) % falls into.
Charter Hall 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.
Charter Hall Groups Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Jun. 2024 is calculated as
For company reported semi-annually or annually, GuruFocus only calculate annual data for Earnings Yield (Joel Greenblatt) and apply the annual figure to corresponding quarter.
Charter Hall Group (ASX:CHC) 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.
Charter Hall Group Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Charter Hall Group's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Charter Hall Group is the umbrella group of over 30 retail and institutional unlisted funds, as well as three listed REITs: Charter Hall Long WALE REIT, Charter Hall Retail REIT, and Charter Hall Social Infrastructure REIT. Investment management fees and property services fees from these investment vehicles are the main sources of revenue for Charter Hall. The aggregate portfolio across the platform has one third exposure to office, one third to logistics, and the remainder in retail, social infrastructure and listed equities. Charter Hall co-invests in many of the vehicles, so a portion of its earnings come from rent and fund distributions. The group also earns development revenue on projects that it manages, but this income stream is relatively small.
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