The historical rank and industry rank for East Pipes Integrated Co for Industry's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
SAU:1321'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -0.01 Med: 4.84 Max: 7.54
Current: 6.21
During the past 4 years, the highest Earnings Yield (Joel Greenblatt) of East Pipes Integrated Co for Industry was 7.54%. The lowest was -0.01%. And the median was 4.84%.
SAU:1321's Earnings Yield (Joel Greenblatt) % is ranked worse than 52.74% of 639
companies
in the Steel industry
Industry Median: 6.64
vs SAU:1321: 6.21
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) %. East Pipes Integrated Co for Industry's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 2024 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.
East Pipes Integrated Co for Industry Earnings Yield (Joel Greenblatt) % Historical Data
* 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.
East Pipes Integrated Co for Industry Earnings Yield (Joel Greenblatt) % Chart
East Pipes Integrated Co for Industry Annual Data
Trend
Mar21
Mar22
Mar23
Mar24
Earnings Yield (Joel Greenblatt) %
-
0.81
7.47
7.65
East Pipes Integrated Co for Industry Quarterly Data
Competitive Comparison of East Pipes Integrated Co for Industry's Earnings Yield (Joel Greenblatt) %
For the Steel subindustry, East Pipes Integrated Co for Industry'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.
East Pipes Integrated Co for Industry's Earnings Yield (Joel Greenblatt) % Distribution in the Steel Industry
For the Steel industry and Basic Materials sector, East Pipes Integrated Co for Industry's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where East Pipes Integrated Co for Industry's Earnings Yield (Joel Greenblatt) % falls into.
East Pipes Integrated Co for Industry 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.
East Pipes Integrated Co for Industry'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 ﷼326 Mil.
East Pipes Integrated Co for Industry (SAU:1321) 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.
East Pipes Integrated Co for Industry Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of East Pipes Integrated Co for Industry's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
East Pipes Integrated Co for Industry (SAU:1321) Business Description
East Pipes Integrated Co for Industry is engaged in the manufacturing of Helical Submerged Arc Welded (HSAW) pipes. It produces pipes that transport Water, Oil, and Gas, according to a wide range of diameters of spiral pipes. The firm provides coating services on pipes provided by the customers and generates revenue from the same. The business operating assets of the firm are located in the Kingdom of Saudi Arabia.
East Pipes Integrated Co for Industry (SAU:1321) Headlines
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
SAU:1321 has been successfully added to your 