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Philippine National Construction's Enterprise Value for the quarter that ended in Dec. 2024 was ₱-2,188.01 Mil.
Philippine National Construction's EBIT for the trailing twelve months (TTM) ended in Dec. 2024 was ₱-132.08 Mil. Philippine National Construction's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2024 was 6.04%.
The historical rank and industry rank for Philippine National Construction's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
PHS:PNC'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -217.28 Med: 4.73 Max: 105.47
Current: 6.04
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Philippine National Construction was 105.47%. The lowest was -217.28%. And the median was 4.73%.
PHS:PNC's Earnings Yield (Joel Greenblatt) % is not ranked
in the Construction industry.
Industry Median: 6.345
vs PHS:PNC: 6.04
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) %. Philippine National Construction's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2024 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.
Philippine National Construction (PHS:PNC) 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.
* 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.
Philippine National Construction Earnings Yield (Joel Greenblatt) % Chart
Philippine National Construction Earnings Yield (Joel Greenblatt) % Competitor Comparison
For the Engineering & Construction subindustry, Philippine National Construction'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.
Philippine National Construction Earnings Yield (Joel Greenblatt) % vs Construction Industry
For the Construction industry and Industrials sector, Philippine National Construction's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Philippine National Construction's Earnings Yield (Joel Greenblatt) % falls into.
Philippine National Construction 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.
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.
What does a Earnings Yield (Joel Greenblatt) % of 6.04% mean?
Philippine National Construction (PHS:PNC) has a Earnings Yield (Joel Greenblatt) % of 6.04% as of Dec. 2024. Joel Greenblatt's earnings yield equals the ratio of earnings before interest and taxes to enterprise value. View historical data on Philippine National Construction and its competitors. This is 28% above median its historical median of 4.73.
Is Philippine National Construction's Earnings Yield (Joel Greenblatt) % too high?
Philippine National Construction's current Earnings Yield (Joel Greenblatt) % of 6.04% is 28% above median its 10-year median of 4.73. The Construction industry median Earnings Yield (Joel Greenblatt) % is 6.35. Philippine National Construction's value of 6.04% is 4.8% below this industry median.
How does Philippine National Construction's Earnings Yield (Joel Greenblatt) % compare to competitors?
Philippine National Construction's Earnings Yield (Joel Greenblatt) % of 6.04% can be compared against companies in the Construction industry. The industry median Earnings Yield (Joel Greenblatt) % is 6.35. Philippine National Construction's value of 6.04% is 4.8% below this benchmark. While the company's 10-year median is 4.73 vs. the industry median of 6.35, Philippine National Construction has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Earnings Yield (Joel Greenblatt) % for a Construction company?
The median Earnings Yield (Joel Greenblatt) % among Construction companies is 6.35, based on 1,798 companies in the industry. Companies in the top quartile (top 25%) have a Earnings Yield (Joel Greenblatt) % significantly above this median, while those in the bottom quartile fall well below. However, Earnings Yield (Joel Greenblatt) % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Philippine National Construction's current Earnings Yield (Joel Greenblatt) % of 6.04% is 4.8% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Earnings Yield (Joel Greenblatt) % mean?
A high Earnings Yield (Joel Greenblatt) % can signal that a stock is expensive relative to its fundamentals. Joel Greenblatt's earnings yield equals the ratio of earnings before interest and taxes to enterprise value. View historical data on Philippine National Construction and its competitors. For the Construction industry, the median Earnings Yield (Joel Greenblatt) % is 6.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Philippine National Construction's current Earnings Yield (Joel Greenblatt) % is 6.04%, which is 28% above median its own 10-year median of 4.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Philippine National Construction stock overvalued right now?
Philippine National Construction (PHS:PNC) has a current Earnings Yield (Joel Greenblatt) % of 6.04%. The current Earnings Yield (Joel Greenblatt) % is 6.04%, which is 28% above median its 10-year median of 4.73 and 4.8% below the Construction industry median of 6.35. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Earnings Yield (Joel Greenblatt) % calculated?
Earnings Yield (Joel Greenblatt) % is calculated from a company's financial statements. For Philippine National Construction (PHS:PNC), the current Earnings Yield (Joel Greenblatt) % is 6.04% as of Dec. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Philippine National Construction Business Description
Philippine National Construction Corp. engages in construction and engineering activities throughout the Philippines. It undertakes a range of projects comprising the construction of highways, bridges, and industrial facilities, as well as land development. The company offers services in various phases of a project, including feasibility studies, design and detailed engineering, procurement, construction, and project management, concrete pre-casting, steel fabrication, materials processing, and equipment rental/leasing. It also provides other support services, such as pre-fabrication, materials processing, and equipment rebuilding.
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