What is Rosseti Centre PJSC Earnings Yield (Joel Greenblatt) %?
Rosseti Centre PJSC's Enterprise Value for the quarter that ended in Sep. 2023 was ₽65,501 Mil.
Rosseti Centre PJSC's EBIT for the trailing twelve months (TTM) ended in Sep. 2023 was ₽16,954 Mil. Rosseti Centre PJSC's Earnings Yield (Joel Greenblatt) for the quarter that ended in Sep. 2023 was 25.91%.
The historical rank and industry rank for Rosseti Centre PJSC's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
MIC:MRKC'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 2.86 Med: 15.46 Max: 74.6
Current: 28.17
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Rosseti Centre PJSC was 74.60%. The lowest was 2.86%. And the median was 15.46%.
MIC:MRKC's Earnings Yield (Joel Greenblatt) % is ranked better than 92.37% of 524
companies
in the Utilities - Regulated industry
Industry Median: 6.63
vs MIC:MRKC: 28.17
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) %. Rosseti Centre PJSC's Forward Rate of Return (Yacktman) % for the quarter that ended in Sep. 2023 was 22.55%. 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.
Rosseti Centre PJSC Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Rosseti Centre PJSC'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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Rosseti Centre PJSC Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of Rosseti Centre PJSC's Earnings Yield (Joel Greenblatt) %
For the Utilities - Regulated Electric subindustry, Rosseti Centre PJSC'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.
Rosseti Centre PJSC's Earnings Yield (Joel Greenblatt) % Distribution in the Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Rosseti Centre PJSC's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Rosseti Centre PJSC's Earnings Yield (Joel Greenblatt) % falls into.
Rosseti Centre PJSC 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.
Rosseti Centre PJSCs Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2022 is calculated as
Rosseti Centre PJSC's EBIT for the trailing twelve months (TTM) ended in Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was ₽16,954 Mil.
Rosseti Centre PJSC (MIC:MRKC) 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.
Rosseti Centre PJSC Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Rosseti Centre PJSC's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Rosseti Centre PJSC (MIC:MRKC) Business Description
Rosseti Centre PJSC is an electric grid company, which engages in the production and transmission of electricity, and the connection of customers to the electricity grid. It operates in regions of Central Russia, providing electricity to the population, large industrial companies and enterprises of transport and agriculture, socially important facilities, performing grid connection of new customers. It also provides sale, installation, repair and maintenance services.
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