What is CEZ AS Earnings Yield (Joel Greenblatt) %?
CEZ AS's Enterprise Value for the quarter that ended in Mar. 2025 was €31,601 Mil.
CEZ AS's EBIT for the trailing twelve months (TTM) ended in Mar. 2025 was €3,802 Mil. CEZ AS's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2025 was 11.78%.
The historical rank and industry rank for CEZ AS's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
STU:CEZ'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 0.21 Med: 7.72 Max: 21.63
Current: 11.25
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of CEZ AS was 21.63%. The lowest was 0.21%. And the median was 7.72%.
STU:CEZ's Earnings Yield (Joel Greenblatt) % is ranked better than 78.8% of 500
companies
in the Utilities - Regulated industry
Industry Median: 6.24
vs STU:CEZ: 11.25
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) %. CEZ AS's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 2025 was 33.44%. 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.
CEZ AS Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for CEZ AS'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 CEZ AS's Earnings Yield (Joel Greenblatt) %
For the Utilities - Regulated Electric subindustry, CEZ AS'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.
CEZ AS's Earnings Yield (Joel Greenblatt) % Distribution in the Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, CEZ AS's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where CEZ AS's Earnings Yield (Joel Greenblatt) % falls into.
CEZ AS 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.
CEZ ASs Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2024 is calculated as
CEZ AS'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 €3,802 Mil.
CEZ AS (STU:CEZ) 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.
CEZ AS Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of CEZ AS's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
CEZ AS is a Czech energy company of which the government of the Czech Republic is the majority shareholder. The core business of the company is the generation, distribution, trade, and sale of electricity and heat. With its subsidiaries, the company operates a portfolio of both conventional and renewable energy power plants. Total energy production is mainly split between facilities utilizing thermal and nuclear inputs. CEZ segments comprise Generation; Distribution; Sales and Mining. The majority of its revenue is derived from the Generation segment.
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