What is Per Aarsleff Holding AS Earnings Yield (Joel Greenblatt) %?
Per Aarsleff Holding AS's Enterprise Value for the quarter that ended in Jun. 2024 was kr7,583 Mil.
Per Aarsleff Holding AS's EBIT for the trailing twelve months (TTM) ended in Jun. 2024 was kr1,117 Mil. Per Aarsleff Holding AS's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2024 was 14.79%.
The historical rank and industry rank for Per Aarsleff Holding AS's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
LTS:0REQ'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 2.11 Med: 11.71 Max: 29.6
Current: 12.82
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Per Aarsleff Holding AS was 29.60%. The lowest was 2.11%. And the median was 11.71%.
LTS:0REQ's Earnings Yield (Joel Greenblatt) % is ranked better than 76.97% of 1754
companies
in the Construction industry
Industry Median: 6.135
vs LTS:0REQ: 12.82
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) %. Per Aarsleff Holding AS's Forward Rate of Return (Yacktman) % for the quarter that ended in Jun. 2024 was 20.46%. 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.
Per Aarsleff Holding AS Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Per Aarsleff Holding AS'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.
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Per Aarsleff Holding AS Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of Per Aarsleff Holding AS's Earnings Yield (Joel Greenblatt) %
For the Engineering & Construction subindustry, Per Aarsleff Holding 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.
Per Aarsleff Holding AS's Earnings Yield (Joel Greenblatt) % Distribution in the Construction Industry
For the Construction industry and Industrials sector, Per Aarsleff Holding AS's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Per Aarsleff Holding AS's Earnings Yield (Joel Greenblatt) % falls into.
Per Aarsleff Holding 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.
Per Aarsleff Holding ASs Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Sep. 2023 is calculated as
Per Aarsleff Holding AS's EBIT for the trailing twelve months (TTM) ended in Jun. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was kr1,117 Mil.
Per Aarsleff Holding AS (LTS:0REQ) 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.
Per Aarsleff Holding AS Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Per Aarsleff Holding AS's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Per Aarsleff Holding AS contracts, plans and implements projects in infrastructure, climate change adaptation, environment, energy, construction, and collaboration. It has Construction, Pipe technologies, Technical, rail, and Ground engineering segments. Construction segment consists construction, shell structures, building construction and international projects. Pipe technologies segment covers utility companies, housing, industry, export, and manufacturing. Ground engineering segment comprises ground engineering, pile factories, and engineering, Rail segment comprises train station services, service center operations, and maintenance projects. It derives key revenue from the Construction segment. Geographically the group has a business presence in Denmark and other countries.
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