What is Pioneer Lithium Earnings Yield (Joel Greenblatt) %?
Pioneer Lithium's Enterprise Value for the quarter that ended in Dec. 2024 was A$8.64 Mil.
Pioneer Lithium does not have enough years/quarters to calculate its EBIT for the trailing twelve months (TTM) ended in Dec. 2024. Therefore, GuruFocus does not calculate Pioneer Lithium's Earnings Yield (Joel Greenblatt) at this moment.
The historical rank and industry rank for Pioneer Lithium's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
ASX:PLN'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -58.3 Med: 0 Max: 0
Current: -29.07
ASX:PLN's Earnings Yield (Joel Greenblatt) % is ranked worse than 70.91% of 2637
companies
in the Metals & Mining industry
Industry Median: -11.05
vs ASX:PLN: -29.07
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) %. Pioneer Lithium'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.
Pioneer Lithium Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Pioneer Lithium'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.
Competitive Comparison of Pioneer Lithium's Earnings Yield (Joel Greenblatt) %
For the Other Industrial Metals & Mining subindustry, Pioneer Lithium'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.
Pioneer Lithium's Earnings Yield (Joel Greenblatt) % Distribution in the Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Pioneer Lithium's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Pioneer Lithium's Earnings Yield (Joel Greenblatt) % falls into.
In his book, The Little That Beat the Market, hedge fund manager Joel Greenblatt defines Earnings Yield as operating income divided by enterprise value.
Pioneer Lithiums Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Jun. 2024 is calculated as
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.
Pioneer Lithium Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Pioneer Lithium's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Pioneer Lithium Ltd is an exploration company focused on building a critical minerals company, through the identification of geological opportunities and the exploration for critical minerals and other battery metals and chemicals. It projects include LaGrande Project; Benham Project; Lauri Lake Project and Verde Valor Project.
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