What is GMA Network Earnings Yield (Joel Greenblatt) %?
GMA Network's Enterprise Value for the quarter that ended in Mar. 2024 was ₱31,351 Mil.
GMA Network's EBIT for the trailing twelve months (TTM) ended in Mar. 2024 was ₱3,803 Mil. GMA Network's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2024 was 12.14%.
The historical rank and industry rank for GMA Network's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
PHS:GMA7'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 4.8 Med: 14.91 Max: 38.31
Current: 15.22
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of GMA Network was 38.31%. The lowest was 4.80%. And the median was 14.91%.
PHS:GMA7's Earnings Yield (Joel Greenblatt) % is ranked better than 84.23% of 1046
companies
in the Media - Diversified industry
Industry Median: 3.04
vs PHS:GMA7: 15.22
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) %. GMA Network's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 2024 was 16.78%. 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.
GMA Network Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for GMA Network'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.
Competitive Comparison of GMA Network's Earnings Yield (Joel Greenblatt) %
For the Broadcasting subindustry, GMA Network'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.
GMA Network's Earnings Yield (Joel Greenblatt) % Distribution in the Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, GMA Network's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where GMA Network's Earnings Yield (Joel Greenblatt) % falls into.
In his book, The Little That Beat the Market, hedge fund manager Joel Greenblatt defines Earnings Yield as operating income divided by enterprise value.
GMA Networks Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as
GMA Network's EBIT for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ₱3,803 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.
GMA Network Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of GMA Network's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
GMA Network Inc is a media broadcasting company. The company has three operating segments namely, Television and Radio airtime, International Subscription, and Other Businesses. Its television and Radio segment is engaged in broadcasting activities and the sale of national and regional advertising time. The International Subscription segment is engaged in subscription arrangements with international cable companies and the Other Businesses segment includes movie production, consumer products, and other services. Geographically, it operates in the Philippines and other countries, of which a majority of the revenue is derived from the Philippines.
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