FRA:2C6'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 2.6 Med: 4.92 Max: 5.56
Current: 5.04
During the past 11 years, the highest Earnings Yield (Joel Greenblatt) of China Development Bank Financial Leasing Co was 5.56%. The lowest was 2.60%. And the median was 4.92%.
FRA:2C6's Earnings Yield (Joel Greenblatt) % is ranked worse than 53.19% of 1096
companies
in the Business Services industry
Industry Median: 5.585
vs FRA:2C6: 5.04
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) %. China Development Bank Financial Leasing Co'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.
China Development Bank Financial Leasing Co 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.
* Premium members only.
China Development Bank Financial Leasing Co Earnings Yield (Joel Greenblatt) % Chart
China Development Bank Financial Leasing Co Annual Data
Competitive Comparison of China Development Bank Financial Leasing Co's Earnings Yield (Joel Greenblatt) %
For the Rental & Leasing Services subindustry, China Development Bank Financial Leasing Co'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.
China Development Bank Financial Leasing Co's Earnings Yield (Joel Greenblatt) % Distribution in the Business Services Industry
For the Business Services industry and Industrials sector, China Development Bank Financial Leasing Co's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where China Development Bank Financial Leasing Co's Earnings Yield (Joel Greenblatt) % falls into.
China Development Bank Financial Leasing Co 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.
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.
China Development Bank Financial Leasing Co (FRA:2C6) 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.
China Development Bank Financial Leasing Co Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of China Development Bank Financial Leasing Co's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
China Development Bank Financial Leasing Co Business Description
China Development Bank Financial Leasing Co Ltd is engaged in providing leasing services to customers in industries such as aviation, infrastructure, shipping, commercial vehicle, and construction machinery. The operating business segments are aircraft leasing, regional development leasing, ship leasing, inclusive finance and green energy and high-end equipment leasing. The activities of the company include aircraft leasing, ship leasing, regional development leasing, inclusive finance leasing, green energy and highend equipment leasing, transfers of finance lease assets and lease-related financial business.
China Development Bank Financial Leasing Co Headlines
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