What is Asphere Innovations PCL Earnings Yield (Joel Greenblatt) %?
Asphere Innovations PCL's Enterprise Value for the quarter that ended in Mar. 2024 was ฿1,097 Mil.
Asphere Innovations PCL's EBIT for the trailing twelve months (TTM) ended in Mar. 2024 was ฿304 Mil. Asphere Innovations PCL's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2024 was 8.99%.
The historical rank and industry rank for Asphere Innovations PCL's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
BKK:AS-F'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -112.13 Med: 3.85 Max: 56.7
Current: 14.79
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Asphere Innovations PCL was 56.70%. The lowest was -112.13%. And the median was 3.85%.
BKK:AS-F's Earnings Yield (Joel Greenblatt) % is ranked better than 86.76% of 574
companies
in the Interactive Media industry
Industry Median: 0.01
vs BKK:AS-F: 14.79
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) %. Asphere Innovations PCL's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 2024 was 29.09%. 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.
Asphere Innovations PCL Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Asphere Innovations PCL'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.
For the Electronic Gaming & Multimedia subindustry, Asphere Innovations PCL'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.
Asphere Innovations PCL's Earnings Yield (Joel Greenblatt) % Distribution in the Interactive Media Industry
For the Interactive Media industry and Communication Services sector, Asphere Innovations PCL's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Asphere Innovations PCL'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.
Asphere Innovations PCLs Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as
Asphere Innovations PCL's EBIT for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ฿304 Mil.
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.
Asphere Innovations PCL Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Asphere Innovations PCL's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Asphere Innovations PCL (BKK:AS-F) Business Description
Asphere Innovations PCL is engaged in providing online game services. It operates in two segments: Online game segment, which provides online game services through the internet that perform based on the agreement of the publisher with the game developer; and The distribution segment is a business that provides payment channel services. Nearly all of its revenue comes from the Online game segment. Some of the games offered by the company include Audition Online, Crossout, Elsword, Mission Against Terror 2, Mosiang Online, Perfect World, RF Online, Wulin Online, HuangYi Mobile, Real Yulgang Mobile, and Tales of Fairy Empire. Its geographical segments include Thailand, Singapore, Malaysia, the Philippines, and other countries.
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