What is President Securities Earnings Yield (Joel Greenblatt) %?
President Securities's Enterprise Value for the quarter that ended in Mar. 2025 was NT$27,477 Mil.
President Securities's EBIT for the trailing twelve months (TTM) ended in Mar. 2025 was NT$4,805 Mil. President Securities's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2025 was 17.48%.
The historical rank and industry rank for President Securities's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
TPE:2855'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -3290.91 Med: 32.06 Max: 3535.27
Current: 19.21
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of President Securities was 3535.27%. The lowest was -3290.91%. And the median was 32.06%.
TPE:2855's Earnings Yield (Joel Greenblatt) % is ranked better than 84.43% of 777
companies
in the Capital Markets industry
Industry Median: 3.22
vs TPE:2855: 19.21
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) %. President Securities's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 2025 was 5.71%. 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.
President Securities Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for President Securities'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.
* Premium members only.
President Securities Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of President Securities's Earnings Yield (Joel Greenblatt) %
For the Capital Markets subindustry, President Securities'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.
President Securities's Earnings Yield (Joel Greenblatt) % Distribution in the Capital Markets Industry
For the Capital Markets industry and Financial Services sector, President Securities's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where President Securities's Earnings Yield (Joel Greenblatt) % falls into.
President Securities 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.
President Securitiess Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2024 is calculated as
President Securities'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 NT$4,805 Mil.
President Securities (TPE:2855) 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.
President Securities Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of President Securities's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
President Securities Corp is a Taiwan-based securities company. Along with its subsidiaries, the company is engaged in the underwriting of securities, margin loans and short sales of securities, securities lending and borrowing business, futures dealing, wealth management business, providing registration and transfer agency services for securities, and various other related businesses. The group's operating segments are classified into Brokerage, Quantitative Trading, Proprietary Trading, Financial Instrument, Reinvestment, and Other. Maximum revenue is generated from the Brokerage segment, which is involved in consigned trading of the listed securities, margin trading and short sale, assisting in futures trading, and other instruments as approved by the regulations.
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