Graincorp (ASX:GNC) Earnings Yield (Joel Greenblatt) % : 6.47% (As of Sep. 2024)

Graincorp Earnings Yield (Joel Greenblatt) % Chart

Graincorp Annual Data
	Trend	Sep15	Sep16	Sep17	Sep18	Sep19	Sep20	Sep21	Sep22	Sep23	Sep24
Earnings Yield (Joel Greenblatt) %		Get a 7-Day Free Trial					5.49	9.78	23.31	21.60	6.47

Graincorp Semi-Annual Data
	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Earnings Yield (Joel Greenblatt) %	Get a 7-Day Free Trial															23.31	-	21.60	-	6.47

Competitive Comparison of Graincorp's Earnings Yield (Joel Greenblatt) %

For the Farm Products subindustry, Graincorp'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.

Graincorp's Earnings Yield (Joel Greenblatt) % Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Graincorp's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Graincorp's Earnings Yield (Joel Greenblatt) % falls into.

Graincorp 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.

Graincorps Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Sep. 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.

Graincorp  (ASX:GNC) 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.

Forward Rate of Return (Yacktman) % based on Don Yacktman's definition is a better measure of the expected rate of return for a stock.

Graincorp Earnings Yield (Joel Greenblatt) % Related Terms

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Graincorp Business Description