What is Koenig & Bauer AG Earnings Yield (Joel Greenblatt) %?
Koenig & Bauer AG's Enterprise Value for the quarter that ended in Dec. 2023 was €346 Mil.
Koenig & Bauer AG's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was €32 Mil. Koenig & Bauer AG's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was 9.23%.
The historical rank and industry rank for Koenig & Bauer AG's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
MIL:1SKB'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -1495.86 Med: 8.02 Max: 3779.36
Current: 9.17
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Koenig & Bauer AG was 3779.36%. The lowest was -1495.86%. And the median was 8.02%.
MIL:1SKB's Earnings Yield (Joel Greenblatt) % is ranked better than 76.99% of 3046
companies
in the Industrial Products industry
Industry Median: 4.21
vs MIL:1SKB: 9.17
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) %. Koenig & Bauer AG'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 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.
Koenig & Bauer AG Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Koenig & Bauer AG'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.
Koenig & Bauer AG Earnings Yield (Joel Greenblatt) % Chart
For the Specialty Industrial Machinery subindustry, Koenig & Bauer AG'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.
Koenig & Bauer AG's Earnings Yield (Joel Greenblatt) % Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Koenig & Bauer AG's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Koenig & Bauer AG's Earnings Yield (Joel Greenblatt) % falls into.
Koenig & Bauer AG 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.
Koenig & Bauer AGs Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as
Koenig & Bauer AG's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was €32 Mil.
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.
Koenig & Bauer AG Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Koenig & Bauer AG's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Koenig & Bauer AG is engaged in the manufacturing and distribution of sheetfed offset, digital, web offset, and special printing presses. It operates sheetfed offset for packaging, commercial, book, as well as workflow solutions. It also provides digital and offset web presses for newspaper, commercial and industrial printing. In addition, the company provides special presses for banknote and security printing, systems for industrial coding technology, and special machines for printing packaging made of metal, film, and other plastic as well as glass. The firm organizes its business globally through three segments namely Sheetfed, Digital & Web, and Special while generating the majority of its revenue from the Sheetfed activity.
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