What is Maike Tube Industry Holdings Earnings Yield (Joel Greenblatt) %?
Maike Tube Industry Holdings's Enterprise Value for the quarter that ended in Dec. 2024 was HK$613 Mil.
Maike Tube Industry Holdings's EBIT for the trailing twelve months (TTM) ended in Dec. 2024 was HK$192 Mil. Maike Tube Industry Holdings's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2024 was 31.15%.
The historical rank and industry rank for Maike Tube Industry Holdings's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
HKSE:01553'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 13.72 Med: 29.17 Max: 52.69
Current: 35.09
During the past 9 years, the highest Earnings Yield (Joel Greenblatt) of Maike Tube Industry Holdings was 52.69%. The lowest was 13.72%. And the median was 29.17%.
HKSE:01553's Earnings Yield (Joel Greenblatt) % is ranked better than 94.66% of 637
companies
in the Steel industry
Industry Median: 5.74
vs HKSE:01553: 35.09
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) %. Maike Tube Industry Holdings's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2024 was -1.72%. The Forward Rate of Return uses the normalized Free Cash Flow of the past five 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.
Maike Tube Industry Holdings Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Maike Tube Industry Holdings'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.
* Premium members only.
Maike Tube Industry Holdings Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of Maike Tube Industry Holdings's Earnings Yield (Joel Greenblatt) %
For the Steel subindustry, Maike Tube Industry Holdings'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.
Maike Tube Industry Holdings's Earnings Yield (Joel Greenblatt) % Distribution in the Steel Industry
For the Steel industry and Basic Materials sector, Maike Tube Industry Holdings's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Maike Tube Industry Holdings's Earnings Yield (Joel Greenblatt) % falls into.
Maike Tube Industry Holdings 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.
Maike Tube Industry Holdingss Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2024 is calculated as
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.
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.
Maike Tube Industry Holdings Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Maike Tube Industry Holdings's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Maike Tube Industry Holdings Ltd is an investment holding company. The company, through its subsidiaries, is engaged in the manufacturing of steel pipe products and prefabricated pipe nipple products. Its steel pipe products are made through rolling steel plates and welding the seam and are mainly used for gas, water supply, HVAC, and fire extinguishing. The group offers ERW steel pipes, Standard prefabricated pipe nipples, Spiral Submerged Arc Welded steel pipes, Customised steel pipes, and Design and supply assembled piping systems. It has a business presence in the PRC, the United States of America, Europe, and Other countries of which a majority of revenue is generated from the PRC.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
HKSE:01553 has been successfully added to your 