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IST:BALAT's Earnings Yield (Joel Greenblatt) % is not ranked *
in the Vehicles & Parts industry.
Industry Median: 5.88 * Ranked among companies with meaningful Earnings Yield (Joel Greenblatt) % only.
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) %. Balatacilar Balataciliknayi ve Ticaret AS's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2023 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.
Balatacilar Balataciliknayi ve Ticaret AS (IST:BALAT) 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.
* 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.
Balatacilar Balataciliknayi ve Ticaret AS Earnings Yield (Joel Greenblatt) % Chart
Balatacilar Balataciliknayi ve Ticaret AS Annual Data
For the Auto Parts subindustry, Balatacilar Balataciliknayi ve Ticaret AS'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.
Balatacilar Balataciliknayi ve Ticaret AS Earnings Yield (Joel Greenblatt) % vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Balatacilar Balataciliknayi ve Ticaret AS's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Balatacilar Balataciliknayi ve Ticaret AS's Earnings Yield (Joel Greenblatt) % falls into.
Balatacilar Balataciliknayi ve Ticaret AS 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.
What does a Earnings Yield (Joel Greenblatt) % of 2.53% mean?
Balatacilar Balataciliknayi ve Ticaret AS (IST:BALAT) has a Earnings Yield (Joel Greenblatt) % of 2.53% as of Dec. 2023. Joel Greenblatt's earnings yield equals the ratio of earnings before interest and taxes to enterprise value. View historical data on Balatacilar Balataciliknayi ve Ticaret AS and its competitors.
Is Balatacilar Balataciliknayi ve Ticaret AS's Earnings Yield (Joel Greenblatt) % too high?
Balatacilar Balataciliknayi ve Ticaret AS's current Earnings Yield (Joel Greenblatt) % is 2.53%. The Vehicles & Parts industry median Earnings Yield (Joel Greenblatt) % is 5.88. Balatacilar Balataciliknayi ve Ticaret AS's value of 2.53% is 57% below this industry median. Overall, Balatacilar Balataciliknayi ve Ticaret AS has a GF Score™ of 5/100, reflecting its overall financial health beyond just this single metric.
How does Balatacilar Balataciliknayi ve Ticaret AS's Earnings Yield (Joel Greenblatt) % compare to ORLY and AZO?
Balatacilar Balataciliknayi ve Ticaret AS's Earnings Yield (Joel Greenblatt) % of 2.53% can be compared against companies in the Vehicles & Parts industry. The industry median Earnings Yield (Joel Greenblatt) % is 5.88. Balatacilar Balataciliknayi ve Ticaret AS's value of 2.53% is 57% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Earnings Yield (Joel Greenblatt) % for a Vehicles & Parts company?
The median Earnings Yield (Joel Greenblatt) % among Vehicles & Parts companies is 5.88, based on 1,334 companies in the industry. Companies in the top quartile (top 25%) have a Earnings Yield (Joel Greenblatt) % significantly above this median, while those in the bottom quartile fall well below. However, Earnings Yield (Joel Greenblatt) % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Balatacilar Balataciliknayi ve Ticaret AS's current Earnings Yield (Joel Greenblatt) % of 2.53% is 57% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Earnings Yield (Joel Greenblatt) % mean?
A high Earnings Yield (Joel Greenblatt) % can signal that a stock is expensive relative to its fundamentals. Joel Greenblatt's earnings yield equals the ratio of earnings before interest and taxes to enterprise value. View historical data on Balatacilar Balataciliknayi ve Ticaret AS and its competitors. For the Vehicles & Parts industry, the median Earnings Yield (Joel Greenblatt) % is 5.88 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Balatacilar Balataciliknayi ve Ticaret AS's current Earnings Yield (Joel Greenblatt) % is 2.53%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Balatacilar Balataciliknayi ve Ticaret AS stock overvalued right now?
Balatacilar Balataciliknayi ve Ticaret AS (IST:BALAT) has a current Earnings Yield (Joel Greenblatt) % of 2.53%. The current Earnings Yield (Joel Greenblatt) % is 2.53% and 57% below the Vehicles & Parts industry median of 5.88. Balatacilar Balataciliknayi ve Ticaret AS's overall GF Score™ is 5/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Earnings Yield (Joel Greenblatt) % calculated?
Earnings Yield (Joel Greenblatt) % is calculated from a company's financial statements. For Balatacilar Balataciliknayi ve Ticaret AS (IST:BALAT), the current Earnings Yield (Joel Greenblatt) % is 2.53% as of Dec. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Balatacilar Balatacilik Sanayi ve Ticaret AS is engaged in the production of friction materials. Its products include disc brake pads, brake linings, and fiber clutch.
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