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GEK Terna Holding Real Estate Construction (ATH:GEKTERNA) Earnings Yield (Joel Greenblatt) % : 3.61% (As of Dec. 2024)


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What is GEK Terna Holding Real Estate Construction Earnings Yield (Joel Greenblatt) %?

GEK Terna Holding Real Estate Construction's Enterprise Value for the quarter that ended in Dec. 2024 was €5,203 Mil. GEK Terna Holding Real Estate Construction's EBIT for the trailing twelve months (TTM) ended in Dec. 2024 was €188 Mil. GEK Terna Holding Real Estate Construction's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2024 was 3.61%.

The historical rank and industry rank for GEK Terna Holding Real Estate Construction's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:

ATH:GEKTERNA' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -1.15   Med: 8.3   Max: 17.18
Current: 3.57

During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of GEK Terna Holding Real Estate Construction was 17.18%. The lowest was -1.15%. And the median was 8.30%.

ATH:GEKTERNA's Earnings Yield (Joel Greenblatt) % is ranked worse than
64.89% of 1766 companies
in the Construction industry
Industry Median: 6.315 vs ATH:GEKTERNA: 3.57

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) %. GEK Terna Holding Real Estate Construction's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2024 was -15.46%. 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.


GEK Terna Holding Real Estate Construction Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for GEK Terna Holding Real Estate Construction'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.

GEK Terna Holding Real Estate Construction Earnings Yield (Joel Greenblatt) % Chart

GEK Terna Holding Real Estate Construction Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Earnings Yield (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.75 9.90 11.53 8.68 3.61

GEK Terna Holding Real Estate Construction Semi-Annual Data
Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
Earnings Yield (Joel Greenblatt) % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 11.53 - 8.68 - 3.61

Competitive Comparison of GEK Terna Holding Real Estate Construction's Earnings Yield (Joel Greenblatt) %

For the Engineering & Construction subindustry, GEK Terna Holding Real Estate Construction'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.


GEK Terna Holding Real Estate Construction's Earnings Yield (Joel Greenblatt) % Distribution in the Construction Industry

For the Construction industry and Industrials sector, GEK Terna Holding Real Estate Construction's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where GEK Terna Holding Real Estate Construction's Earnings Yield (Joel Greenblatt) % falls into.


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GEK Terna Holding Real Estate Construction 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.

GEK Terna Holding Real Estate Constructions Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2024 is calculated as

Earnings Yield (Joel Greenblatt)=EBIT/Enterprise Value
=187.904/5203.28616
=3.61 %

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.



GEK Terna Holding Real Estate Construction  (ATH:GEKTERNA) 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.


GEK Terna Holding Real Estate Construction Earnings Yield (Joel Greenblatt) % Related Terms

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GEK Terna Holding Real Estate Construction Business Description

Traded in Other Exchanges
Address
85, Mesogeion Avenue, Athens, GRC, 115 26
GEK Terna Holding Real Estate Construction SA is a building construction company engaged in the development and management of investment property. The firm constructs property of any kind, manages self-financed or co-financed projects, operates energy projects, as well as its, participates in companies having similar activities. It operates in seven business segments, Construction, Electricity from RES, Electricity from thermal energy and EP/NG trading , Real Estate, Mining/Industry, Concessions, and Holding. GEK Terna operates in Greece, Balkans, Eastern Europe, the USA, and other regions.

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