HKSE:08366'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -981.14 Med: -4.22 Max: 3333.33
Current: 3333.33
During the past 9 years, the highest Earnings Yield (Joel Greenblatt) of Zhejiang United Investment Holdings Group was 3333.33%. The lowest was -981.14%. And the median was -4.22%.
HKSE:08366's Earnings Yield (Joel Greenblatt) % is not ranked
in the Construction industry.
Industry Median: 6.45
vs HKSE:08366: 3333.33
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) %. Zhejiang United Investment Holdings Group's Forward Rate of Return (Yacktman) % for the quarter that ended in Oct. 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.
Zhejiang United Investment Holdings 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.
* Premium members only.
Zhejiang United Investment Holdings Group Earnings Yield (Joel Greenblatt) % Chart
Zhejiang United Investment Holdings Group Annual Data
Competitive Comparison of Zhejiang United Investment Holdings Group's Earnings Yield (Joel Greenblatt) %
For the Engineering & Construction subindustry, Zhejiang United Investment Holdings 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.
Zhejiang United Investment Holdings Group's Earnings Yield (Joel Greenblatt) % Distribution in the Construction Industry
For the Construction industry and Industrials sector, Zhejiang United Investment Holdings Group's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Zhejiang United Investment Holdings Group's Earnings Yield (Joel Greenblatt) % falls into.
Zhejiang United Investment Holdings 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.
Zhejiang United Investment Holdings Group's EBIT for the trailing twelve months (TTM) ended in Oct. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was HK$-1.9 Mil.
Zhejiang United Investment Holdings Group (HKSE:08366) 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.
Zhejiang United Investment Holdings Group Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Zhejiang United Investment Holdings Group's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Zhejiang United Investment Holdings Group (HKSE:08366) Business Description
Zhejiang United Investment Holdings Group Ltd is a Hong Kong-based investment holding company principally engaged in the building contractor business. The company is principally engaged in undertaking slope works, foundation works and other general building works. Geographically, it operates and derives revenue from Hong Kong. The company's slope works generally refer to landslip preventive and remedial works for improving the stability of slopes and retaining walls. Its foundation works include the construction of foundations. The company's general building works comprise of the general construction of buildings.
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