What is Glory Health Industry Earnings Yield (Joel Greenblatt) %?
Glory Health Industry's Enterprise Value for the quarter that ended in Dec. 2024 was HK$27,316 Mil.
Glory Health Industry's EBIT for the trailing twelve months (TTM) ended in Dec. 2024 was HK$-463 Mil. Glory Health Industry's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2024 was -1.69%.
The historical rank and industry rank for Glory Health Industry's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
HKSE:02329'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -2.68 Med: 6.65 Max: 11.82
Current: -1.68
During the past 12 years, the highest Earnings Yield (Joel Greenblatt) of Glory Health Industry was 11.82%. The lowest was -2.68%. And the median was 6.65%.
HKSE:02329's Earnings Yield (Joel Greenblatt) % is ranked worse than 79.01% of 1834
companies
in the Real Estate industry
Industry Median: 4.14
vs HKSE:02329: -1.68
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) %. Glory Health Industry's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2024 was 0.00%. 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.
Glory Health Industry Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Glory Health Industry'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.
Glory Health Industry Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of Glory Health Industry's Earnings Yield (Joel Greenblatt) %
For the Real Estate - Development subindustry, Glory Health Industry'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.
Glory Health Industry's Earnings Yield (Joel Greenblatt) % Distribution in the Real Estate Industry
For the Real Estate industry and Real Estate sector, Glory Health Industry's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Glory Health Industry's Earnings Yield (Joel Greenblatt) % falls into.
Glory Health Industry 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.
Glory Health Industrys 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.
Glory Health Industry (HKSE:02329) 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.
Glory Health Industry Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Glory Health Industry's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Glory Health Industry Ltd is an investment holding company. The company's operating segments are Property development that develops and sells commercial and residential properties; primary land construction and development services that derive revenue from primary land development, including services for resettlement, construction of land infrastructure, and ancillary public facilities on land owned by the local governments; Property investment that derives rental income from investment properties developed by the group; and Property management that derive income from property management and related services. The majority of the revenue is derived from the Property development segment. All the company's revenue is derived from the PRC.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
HKSE:02329 has been successfully added to your 