What is PM Thoresen Asia Holdings PCL Earnings Yield (Joel Greenblatt) %?
PM Thoresen Asia Holdings PCL's Enterprise Value for the quarter that ended in Sep. 2024 was ฿994 Mil.
PM Thoresen Asia Holdings PCL's EBIT for the trailing twelve months (TTM) ended in Sep. 2024 was ฿253 Mil. PM Thoresen Asia Holdings PCL's Earnings Yield (Joel Greenblatt) for the quarter that ended in Sep. 2024 was 25.51%.
The historical rank and industry rank for PM Thoresen Asia Holdings PCL's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
BKK:PMTA'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 0.58 Med: 13.53 Max: 27.54
Current: 25.51
During the past 10 years, the highest Earnings Yield (Joel Greenblatt) of PM Thoresen Asia Holdings PCL was 27.54%. The lowest was 0.58%. And the median was 13.53%.
BKK:PMTA's Earnings Yield (Joel Greenblatt) % is ranked better than 95.04% of 262
companies
in the Agriculture industry
Industry Median: 4.065
vs BKK:PMTA: 25.51
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) %. PM Thoresen Asia Holdings PCL's Forward Rate of Return (Yacktman) % for the quarter that ended in Sep. 2024 was 21.78%. 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.
PM Thoresen Asia Holdings PCL Earnings Yield (Joel Greenblatt) % Historical Data
* 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 PM Thoresen Asia Holdings PCL's Earnings Yield (Joel Greenblatt) %
For the Agricultural Inputs subindustry, PM Thoresen Asia Holdings 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.
PM Thoresen Asia Holdings PCL's Earnings Yield (Joel Greenblatt) % Distribution in the Agriculture Industry
For the Agriculture industry and Basic Materials sector, PM Thoresen Asia Holdings PCL's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where PM Thoresen Asia Holdings 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.
PM Thoresen Asia Holdings PCLs Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as
PM Thoresen Asia Holdings PCL's EBIT for the trailing twelve months (TTM) ended in Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ฿253 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.
PM Thoresen Asia Holdings PCL Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of PM Thoresen Asia Holdings PCL's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
PM Thoresen Asia Holdings PCL Business Description
PM Thoresen Asia Holdings PCL along with its subsidiaries is engaged in the manufacturing of nitrogen-phosphorus-potassium (NPK) synthesized chemical and micro-element fertilizers, distribution of new seeds and agricultural materials, as well as manufacture, import, and export of plant protection chemicals and macronutrient products. It has two products segments: Manufacture of Fertilizer and crop care products and Factory area management services. The company earns majority of its revenue through the manufacture of fertilizer and crop care products. It has a business presence in Vietnam and other countries.
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