The historical rank and industry rank for Pacific Millennium Packaging Group's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
HKSE:01820'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 0.73 Med: 4.26 Max: 16.13
Current: 0.96
During the past 10 years, the highest Earnings Yield (Joel Greenblatt) of Pacific Millennium Packaging Group was 16.13%. The lowest was 0.73%. And the median was 4.26%.
HKSE:01820's Earnings Yield (Joel Greenblatt) % is ranked worse than 76.09% of 414
companies
in the Packaging & Containers industry
Industry Median: 5.845
vs HKSE:01820: 0.96
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) %. Pacific Millennium Packaging Group's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2024 was -7.41%. 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.
Pacific Millennium Packaging Group 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.
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Pacific Millennium Packaging Group Earnings Yield (Joel Greenblatt) % Chart
For the Packaging & Containers subindustry, Pacific Millennium Packaging 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.
Pacific Millennium Packaging Group's Earnings Yield (Joel Greenblatt) % Distribution in the Packaging & Containers Industry
For the Packaging & Containers industry and Consumer Cyclical sector, Pacific Millennium Packaging Group's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Pacific Millennium Packaging Group's Earnings Yield (Joel Greenblatt) % falls into.
Pacific Millennium Packaging 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.
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.
Pacific Millennium Packaging Group Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Pacific Millennium Packaging Group's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Pacific Millennium Packaging Group Business Description
Pacific Millennium Packaging Group Corp is an investment holding company engaged in the manufacture and sale of packaging materials. Its product offering includes; Corrugated packaging products like corrugated boxes, pallets, display stands, heavy-duty packaging, specialized packaging products; and Corrugated sheet boards. It caters to different industries such as Food and beverage, Paper and packaging, Non-food-and-beverage-consumables, Supplier chain solutions, E-commerce, Home electronics, and Others including home furniture, computer, and electronic devices such as mobile phones, cameras, textiles, machinery, medical products, etc. The company generates the majority of its revenue from China.
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