The historical rank and industry rank for Guangzhou Baiyun Electric Equipment Co's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
SHSE:603861'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 0.05 Med: 3.53 Max: 7.45
Current: 5.3
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Guangzhou Baiyun Electric Equipment Co was 7.45%. The lowest was 0.05%. And the median was 3.53%.
SHSE:603861's Earnings Yield (Joel Greenblatt) % is ranked better than 61.64% of 3042
companies
in the Industrial Products industry
Industry Median: 3.69
vs SHSE:603861: 5.30
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) %. Guangzhou Baiyun Electric Equipment Co's Forward Rate of Return (Yacktman) % for the quarter that ended in Sep. 2024 was 9.27%. 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.
Guangzhou Baiyun Electric Equipment Co 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.
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Guangzhou Baiyun Electric Equipment Co Earnings Yield (Joel Greenblatt) % Chart
Guangzhou Baiyun Electric Equipment Co Annual Data
Competitive Comparison of Guangzhou Baiyun Electric Equipment Co's Earnings Yield (Joel Greenblatt) %
For the Specialty Industrial Machinery subindustry, Guangzhou Baiyun Electric Equipment Co'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.
Guangzhou Baiyun Electric Equipment Co's Earnings Yield (Joel Greenblatt) % Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Guangzhou Baiyun Electric Equipment Co's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Guangzhou Baiyun Electric Equipment Co's Earnings Yield (Joel Greenblatt) % falls into.
Guangzhou Baiyun Electric Equipment Co 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.
Guangzhou Baiyun Electric Equipment Co's EBIT for the trailing twelve months (TTM) ended in Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥333 Mil.
Guangzhou Baiyun Electric Equipment Co (SHSE:603861) 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.
Guangzhou Baiyun Electric Equipment Co Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Guangzhou Baiyun Electric Equipment Co's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Guangzhou Baiyun Electric Equipment Co Business Description
Guangzhou Baiyun Electric Equipment Co Ltd engages in the research, development, manufacture, and sales of high and low voltage switchgear assemblies and components. Its products include gas-insulated substation integrated electric equipment, high and low voltage assembly, direct current traction, low voltage components, prefabricated transformer substation, and intelligent products. Its products are used in rail transit, grid, power generation, metallurgy of iron and steel, petroleum, paper, automotive, nuclear power, municipal facilities, building, and other fields.
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