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Fortinova Fastigheter AB (OSTO:FNOVA B) Earnings Yield (Joel Greenblatt) % : 7.56% (As of Mar. 2025)


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What is Fortinova Fastigheter AB Earnings Yield (Joel Greenblatt) %?

Fortinova Fastigheter AB's Enterprise Value for the quarter that ended in Mar. 2025 was kr3,716.6 Mil. Fortinova Fastigheter AB's EBIT for the trailing twelve months (TTM) ended in Mar. 2025 was kr281.1 Mil. Fortinova Fastigheter AB's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2025 was 7.56%.

The historical rank and industry rank for Fortinova Fastigheter AB's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:

OSTO:FNOVA B' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -4.89   Med: 7.48   Max: 12.66
Current: 7.25

During the past 5 years, the highest Earnings Yield (Joel Greenblatt) of Fortinova Fastigheter AB was 12.66%. The lowest was -4.89%. And the median was 7.48%.

OSTO:FNOVA B's Earnings Yield (Joel Greenblatt) % is ranked better than
69.18% of 1840 companies
in the Real Estate industry
Industry Median: 3.985 vs OSTO:FNOVA B: 7.25

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) %. Fortinova Fastigheter AB's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 2025 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.


Fortinova Fastigheter AB Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for Fortinova Fastigheter AB'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.

Fortinova Fastigheter AB Earnings Yield (Joel Greenblatt) % Chart

Fortinova Fastigheter AB Annual Data
Trend Aug18 Aug19 Aug20 Aug21 Dec23
Earnings Yield (Joel Greenblatt) %
- - - 9.90 -4.49

Fortinova Fastigheter AB Quarterly Data
Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Sep22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Earnings Yield (Joel Greenblatt) % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -1.01 0.32 1.88 7.57 7.56

Competitive Comparison of Fortinova Fastigheter AB's Earnings Yield (Joel Greenblatt) %

For the Real Estate Services subindustry, Fortinova Fastigheter AB'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.


Fortinova Fastigheter AB's Earnings Yield (Joel Greenblatt) % Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Fortinova Fastigheter AB's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Fortinova Fastigheter AB's Earnings Yield (Joel Greenblatt) % falls into.


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Fortinova Fastigheter AB 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.

Fortinova Fastigheter ABs Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as

Earnings Yield (Joel Greenblatt)=EBIT/Enterprise Value
=-176.8/3935.845
=-4.49 %

Fortinova Fastigheter AB's EBIT for the trailing twelve months (TTM) ended in Mar. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was kr281.1 Mil.



Fortinova Fastigheter AB  (OSTO:FNOVA B) 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.

Forward Rate of Return (Yacktman) % based on Don Yacktman's definition is a better measure of the expected rate of return for a stock.


Fortinova Fastigheter AB Earnings Yield (Joel Greenblatt) % Related Terms

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Fortinova Fastigheter AB Business Description

Traded in Other Exchanges
N/A
Address
Norrgatan 10, Varberg, SWE, 432 41
Fortinova Fastigheter AB operates as a real estate company. It acquires, develops and manages residential properties in some of western Sweden's.

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