Goldfine ManufacturersBKK:GFM-R Earnings Yield (Joel Greenblatt) % is 8.22% as of Sep. 2014, which is 35% below its 10-year median of 12.60. The stock has 3 warning signs investors should review.
Goldfine Manufacturers's Enterprise Value for the quarter that ended in Sep. 2014 was ฿0.00 Mil.
Goldfine Manufacturers's EBIT for the trailing twelve months (TTM) ended in Sep. 2014 was ฿136.75 Mil. Goldfine Manufacturers's Earnings Yield (Joel Greenblatt) for the quarter that ended in Sep. 2014 was 8.22%.
The historical rank and industry rank for Goldfine Manufacturers's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
BKK:GFM-R'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 4.7 Med: 12.6 Max: 24.1
Current: 9.4
During the past 9 years, the highest Earnings Yield (Joel Greenblatt) of Goldfine Manufacturers was 24.10%. The lowest was 4.70%. And the median was 12.60%.
BKK:GFM-R's Earnings Yield (Joel Greenblatt) % is not ranked
in the Retail - Cyclical industry.
Industry Median: 5.48
vs BKK:GFM-R: 9.40
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) %. Goldfine Manufacturers's Forward Rate of Return (Yacktman) % for the quarter that ended in Sep. 2014 was -13.24%. 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.
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.
Goldfine Manufacturers Earnings Yield (Joel Greenblatt) % Related Terms
Goldfine Manufacturers Earnings Yield (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Goldfine Manufacturers'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 Luxury Goods subindustry, Goldfine Manufacturers'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.
Goldfine Manufacturers Earnings Yield (Joel Greenblatt) % vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Goldfine Manufacturers's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Goldfine Manufacturers'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.
Goldfine Manufacturerss Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2013 is calculated as
Goldfine Manufacturers's EBIT for the trailing twelve months (TTM) ended in Sep. 2014 adds up the quarterly data reported by the company within the most recent 12 months, which was ฿136.75 Mil.
What does a Earnings Yield (Joel Greenblatt) % of 8.22% mean?
Goldfine Manufacturers (BKK:GFM-R) has a Earnings Yield (Joel Greenblatt) % of 8.22% as of Sep. 2014. Joel Greenblatt's earnings yield equals the ratio of earnings before interest and taxes to enterprise value. View historical data on Goldfine Manufacturers and its competitors. This is 35% below median its historical median of 12.60. Over the past decade, Goldfine Manufacturers' Earnings Yield (Joel Greenblatt) % has ranged from 4.70 to 24.10.
Is Goldfine Manufacturers' Earnings Yield (Joel Greenblatt) % too high?
Goldfine Manufacturers' current Earnings Yield (Joel Greenblatt) % of 8.22% is 35% below median its 10-year median of 12.60. Over the past 10 years, this metric has ranged from a low of 4.70 to a high of 24.10. The Retail - Cyclical industry median Earnings Yield (Joel Greenblatt) % is 5.48. Goldfine Manufacturers' value of 8.22% is 50% above this industry median.
How does Goldfine Manufacturers' Earnings Yield (Joel Greenblatt) % compare to competitors?
Goldfine Manufacturers' Earnings Yield (Joel Greenblatt) % of 8.22% can be compared against companies in the Retail - Cyclical industry. The industry median Earnings Yield (Joel Greenblatt) % is 5.48. Goldfine Manufacturers' value of 8.22% is 50% above this benchmark. Historically, Goldfine Manufacturers' own Earnings Yield (Joel Greenblatt) % has ranged from 4.70 to 24.10 over the past decade. While the company's 10-year median is 12.60 vs. the industry median of 5.48, Goldfine Manufacturers has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Earnings Yield (Joel Greenblatt) % for a Retail - Cyclical company?
The median Earnings Yield (Joel Greenblatt) % among Retail - Cyclical companies is 5.48, based on 1,123 companies in the industry. Companies in the top quartile (top 25%) have a Earnings Yield (Joel Greenblatt) % significantly above this median, while those in the bottom quartile fall well below. However, Earnings Yield (Joel Greenblatt) % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Goldfine Manufacturers's current Earnings Yield (Joel Greenblatt) % of 8.22% is 50% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Earnings Yield (Joel Greenblatt) % mean?
A high Earnings Yield (Joel Greenblatt) % can signal that a stock is expensive relative to its fundamentals. Joel Greenblatt's earnings yield equals the ratio of earnings before interest and taxes to enterprise value. View historical data on Goldfine Manufacturers and its competitors. For the Retail - Cyclical industry, the median Earnings Yield (Joel Greenblatt) % is 5.48 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Goldfine Manufacturers's current Earnings Yield (Joel Greenblatt) % is 8.22%, which is 35% below median its own 10-year median of 12.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Goldfine Manufacturers stock overvalued right now?
Goldfine Manufacturers (BKK:GFM-R) has a current Earnings Yield (Joel Greenblatt) % of 8.22%. The current Earnings Yield (Joel Greenblatt) % is 8.22%, which is 35% below median its 10-year median of 12.60 and 50% above the Retail - Cyclical industry median of 5.48. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Earnings Yield (Joel Greenblatt) % calculated?
Earnings Yield (Joel Greenblatt) % is calculated from a company's financial statements. For Goldfine Manufacturers (BKK:GFM-R), the current Earnings Yield (Joel Greenblatt) % is 8.22% as of Sep. 2014. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Goldfine Manufacturers Public Company Limited was incorporated on 26 September 1989 in Thailand. The Company is a manufacturer, importer and exporter of ornaments and jewelries. It manufactures and exports gold, silver, platinum jewelry sets with diamonds, precious stones, semi-precious stones and others.
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