What is Eco Bright Future Earnings Yield (Joel Greenblatt) %?
Eco Bright Future's Enterprise Value for the quarter that ended in Jun. 2024 was $262.80 Mil.
Eco Bright Future does not have enough years/quarters to calculate its EBIT for the trailing twelve months (TTM) ended in Jun. 2024. Therefore, GuruFocus does not calculate Eco Bright Future's Earnings Yield (Joel Greenblatt) at this moment.
The historical rank and industry rank for Eco Bright Future's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
EBFI'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -0.03 Med: 0 Max: 0
Current: -0.02
EBFI's Earnings Yield (Joel Greenblatt) % is ranked worse than 77.68% of 3037
companies
in the Industrial Products industry
Industry Median: 3.69
vs EBFI: -0.02
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) %. Eco Bright Future's Forward Rate of Return (Yacktman) % for the quarter that ended in Jun. 2024 was 0.00%. 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.
Eco Bright Future Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Eco Bright Future'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 Electrical Equipment & Parts subindustry, Eco Bright Future'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.
Eco Bright Future's Earnings Yield (Joel Greenblatt) % Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Eco Bright Future's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Eco Bright Future'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.
Eco Bright Futures Earnings Yield (Joel Greenblatt) for the fiscal year that ended in . 20 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.
Eco Bright Future Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Eco Bright Future's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Eco Bright Future Inc engages in the financial technology and blockchain business worldwide. It builds tools to help people in accessing the economy via mobile and digital services. It is also involved in digital asset tokenisation and digital asset trading, as well as digital wallet activities. The company is building an open source platform and developer infrastructure which enables everyone to access and participate in the global economy and Real-World Assets(RWA) tokenisation.
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