FRA:CV8S'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -79.96 Med: 1.72 Max: 131.19
Current: 7.9
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of China Vanadium Titano-Magnetite Mining Co was 131.19%. The lowest was -79.96%. And the median was 1.72%.
FRA:CV8S's Earnings Yield (Joel Greenblatt) % is ranked better than 59.72% of 638
companies
in the Steel industry
Industry Median: 6.785
vs FRA:CV8S: 7.90
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 Vanadium Titano-Magnetite Mining Co's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2023 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 Vanadium Titano-Magnetite Mining 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 Vanadium Titano-Magnetite Mining Co Earnings Yield (Joel Greenblatt) % Chart
China Vanadium Titano-Magnetite Mining Co Annual Data
Competitive Comparison of China Vanadium Titano-Magnetite Mining Co's Earnings Yield (Joel Greenblatt) %
For the Steel subindustry, China Vanadium Titano-Magnetite Mining 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 Vanadium Titano-Magnetite Mining Co's Earnings Yield (Joel Greenblatt) % Distribution in the Steel Industry
For the Steel industry and Basic Materials sector, China Vanadium Titano-Magnetite Mining Co's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where China Vanadium Titano-Magnetite Mining Co's Earnings Yield (Joel Greenblatt) % falls into.
China Vanadium Titano-Magnetite Mining 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 Vanadium Titano-Magnetite Mining Co (FRA:CV8S) 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 Vanadium Titano-Magnetite Mining Co Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of China Vanadium Titano-Magnetite Mining Co's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
China Vanadium Titano-Magnetite Mining Co (FRA:CV8S) Business Description
China Vanadium Titano-Magnetite Mining Co Ltd is engaged in mining and ore processing; sale of self-produced products; trading of steels; management of strategic investments; and rendering of specialized mining services. Its segments include the High-Fe Mining operation segment comprises the operation of the sale of self-produced high-grade iron concentrates within the range of 65% TFe to 72% TFe and the provision of consultancy and management services; the Trading segment comprises the operation of the sale of traded products; and the Corporate and others segment covers the nonoperating activities supporting the group which includes the central functions such as the functional costs that have not been allocated to the other segments.
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