What is Green Cross Health Earnings Yield (Joel Greenblatt) %?
Green Cross Health's Enterprise Value for the quarter that ended in Sep. 2023 was NZ$302.6 Mil.
Green Cross Health's EBIT for the trailing twelve months (TTM) ended in Sep. 2023 was NZ$18.3 Mil. Green Cross Health's Earnings Yield (Joel Greenblatt) for the quarter that ended in Sep. 2023 was 0.00%.
The historical rank and industry rank for Green Cross Health's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
NZSE:GXH'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 6.8 Med: 11.57 Max: 20.06
Current: 7.13
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Green Cross Health was 20.06%. The lowest was 6.80%. And the median was 11.57%.
NZSE:GXH's Earnings Yield (Joel Greenblatt) % is ranked better than 78.65% of 684
companies
in the Healthcare Providers & Services industry
Industry Median: 2.55
vs NZSE:GXH: 7.13
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) %. Green Cross Health's Forward Rate of Return (Yacktman) % for the quarter that ended in Sep. 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.
Green Cross Health Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Green Cross Health'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.
Green Cross Health Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of Green Cross Health's Earnings Yield (Joel Greenblatt) %
For the Pharmaceutical Retailers subindustry, Green Cross Health'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.
Green Cross Health's Earnings Yield (Joel Greenblatt) % Distribution in the Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, Green Cross Health's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Green Cross Health's Earnings Yield (Joel Greenblatt) % falls into.
Green Cross Health 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.
Green Cross Healths Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Mar. 2023 is calculated as
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.
Green Cross Health (NZSE:GXH) 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.
Green Cross Health Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Green Cross Health's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Green Cross Health (NZSE:GXH) Business Description
Green Cross Health Ltd is engaged in providing healthcare services in New Zealand. The reportable segments of the group are Pharmacy services, Medical services. The majority of the revenue is generated from the Pharmacy services segment. Its pharmacy services segment includes operations like providing pharmacy services through consolidated stores, equity-accounted investments, and franchise stores under the Unichem and Life Pharmacy brands. The medical service segment provides complete family healthcare services through general practitioners, accidents, and medical centers, with many operating under The Doctors Brand. Its community health segment provides services directly to the community to support independent living.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
NZSE:GXH has been successfully added to your 