What is Tung Ho Steel Enterprise Earnings Yield (Joel Greenblatt) %?
Tung Ho Steel Enterprise's Enterprise Value for the quarter that ended in Mar. 2024 was NT$63,557 Mil.
Tung Ho Steel Enterprise's EBIT for the trailing twelve months (TTM) ended in Mar. 2024 was NT$6,454 Mil. Tung Ho Steel Enterprise's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2024 was 10.15%.
The historical rank and industry rank for Tung Ho Steel Enterprise's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
TPE:2006'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 3.58 Med: 6.51 Max: 14.06
Current: 10.13
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Tung Ho Steel Enterprise was 14.06%. The lowest was 3.58%. And the median was 6.51%.
TPE:2006's Earnings Yield (Joel Greenblatt) % is ranked better than 67.4% of 638
companies
in the Steel industry
Industry Median: 6.715
vs TPE:2006: 10.13
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) %. Tung Ho Steel Enterprise's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 2024 was 26.81%. 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.
Tung Ho Steel Enterprise Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Tung Ho Steel Enterprise'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.
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Tung Ho Steel Enterprise Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of Tung Ho Steel Enterprise's Earnings Yield (Joel Greenblatt) %
For the Steel subindustry, Tung Ho Steel Enterprise'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.
Tung Ho Steel Enterprise's Earnings Yield (Joel Greenblatt) % Distribution in the Steel Industry
For the Steel industry and Basic Materials sector, Tung Ho Steel Enterprise's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Tung Ho Steel Enterprise's Earnings Yield (Joel Greenblatt) % falls into.
Tung Ho Steel Enterprise 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.
Tung Ho Steel Enterprises Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as
Tung Ho Steel Enterprise'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 NT$6,454 Mil.
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.
Tung Ho Steel Enterprise Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Tung Ho Steel Enterprise's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Tung Ho Steel Enterprise (TPE:2006) Business Description
Tung Ho Steel Enterprise Corp is a Taiwan-based company that is primarily engaged in the manufacturing and distribution of steel products. The company's product portfolio includes rebar, which is primarily applied in building projects, including high-rises, factories, public construction, and social welfare initiatives; steel section, which is used in buildings (steel structures) and other construction projects (bridges, ships, vehicles, and so on); and steel plate, which is broadly utilized in factories, logistics warehouses, office and residential buildings, bridges, and other buildings. Rebar and steel section account for the majority of the company's revenue. The company generates most of its sales from the Taiwan domestic market.
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