GPTGF (GPT Group) Earnings Yield (Joel Greenblatt) % : 0.00% (As of Jun. 2024)

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What is GPT Group Earnings Yield (Joel Greenblatt) %?

GPT Group's Enterprise Value for the quarter that ended in Jun. 2024 was $8,771.3 Mil. GPT Group's EBIT for the trailing twelve months (TTM) ended in Jun. 2024 was $-177.1 Mil. GPT Group's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2024 was 0.00%.

The historical rank and industry rank for GPT Group's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:

GPTGF' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -2.05 Med: 8.42 Max: 12.07
Current: -2.05

During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of GPT Group was 12.07%. The lowest was -2.05%. And the median was 8.42%.

GPTGF's Earnings Yield (Joel Greenblatt) % is ranked worse than
89.32% of 983 companies
in the REITs industry
Industry Median: 2.91 vs GPTGF: -2.05

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) %. GPT Group'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.

GPT Group Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for GPT Group'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.

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GPT Group Earnings Yield (Joel Greenblatt) % Chart

GPT Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Earnings Yield (Joel Greenblatt) %

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6.79

-0.78

9.73

4.70

-0.20

GPT Group Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Earnings Yield (Joel Greenblatt) %	Get a 7-Day Free Trial															-	4.70	-	-0.20	-

Competitive Comparison of GPT Group's Earnings Yield (Joel Greenblatt) %

For the REIT - Diversified subindustry, GPT Group'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.

GPT Group's Earnings Yield (Joel Greenblatt) % Distribution in the REITs Industry

For the REITs industry and Real Estate sector, GPT Group's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where GPT Group's Earnings Yield (Joel Greenblatt) % falls into.

GPT Group 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.

GPT Groups Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as

Earnings Yield (Joel Greenblatt)	=	EBIT	/	Enterprise Value
	=	-18.608	/	9070.1216
	=	-0.21 %

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.

GPT Group (OTCPK:GPTGF) 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

Forward Rate of Return (Yacktman) % based on Don Yacktman's definition is a better measure of the expected rate of return for a stock.

GPT Group Earnings Yield (Joel Greenblatt) % Related Terms

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GPT Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » GPT Group (OTCPK:GPTGF) » Definitions » Earnings Yield (Joel Greenblatt) %

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Traded in Other Exchanges

46T:Germany GPT:Australia

Address

25 Martin Place, Level 51, Sydney, NSW, AUS, 2000

Website

https://www.gpt.com.au

GPT Group, formerly known as General Property Trust, is Australia's first property trust. GPT has ownership interest in, manages, and develops a diversified portfolio of retail, office and logistics assets that are predominantly located in Sydney and Melbourne. Retail and office, including contributions from their respective funds management, each account for about two fifths of group funds from operations. The rest of the earnings come from logistics. GPT manages third-party assets and mandates of over AUD 22 billion as of June 30, 2024.