SZSE:002724'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -11.84 Med: 3.11 Max: 10.32
Current: -6.75
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Ocean's King Lighting Science & Technology Co was 10.32%. The lowest was -11.84%. And the median was 3.11%.
SZSE:002724's Earnings Yield (Joel Greenblatt) % is ranked worse than 88.72% of 3041
companies
in the Industrial Products industry
Industry Median: 3.87
vs SZSE:002724: -6.75
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) %. Ocean's King Lighting Science & Technology Co's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 2025 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.
Ocean's King Lighting Science & Technology 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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Ocean's King Lighting Science & Technology Co Earnings Yield (Joel Greenblatt) % Chart
Ocean's King Lighting Science & Technology Co Annual Data
Competitive Comparison of Ocean's King Lighting Science & Technology Co's Earnings Yield (Joel Greenblatt) %
For the Electrical Equipment & Parts subindustry, Ocean's King Lighting Science & Technology 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.
Ocean's King Lighting Science & Technology Co's Earnings Yield (Joel Greenblatt) % Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Ocean's King Lighting Science & Technology Co's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Ocean's King Lighting Science & Technology Co's Earnings Yield (Joel Greenblatt) % falls into.
Ocean's King Lighting Science & Technology 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.
Ocean's King Lighting Science & Technology Co'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 ¥-321 Mil.
Ocean's King Lighting Science & Technology Co (SZSE:002724) 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.
Ocean's King Lighting Science & Technology Co Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Ocean's King Lighting Science & Technology Co's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Ocean's King Lighting Science & Technology Co Business Description
Ocean's King Lighting Science & Technology Co Ltd is a China-based company providing lighting products. It is engaged in the research, development, manufacture, and supply of innovative and reliable indoor and outdoor lighting solutions. The firm is a supplier of lighting products to transportation, power generation, mining, oil and gas, and petrochemical industries. It offers lighting and control products including fixed explosion-proof lighting, fixed professional lighting, mobile professional lighting, portable explosion-proof lighting, portable professional lighting, detectors, controllers, and gateways. The firm also provides value-added services.
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