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Thai Rayon PCL's Enterprise Value for the quarter that ended in Mar. 2026 was $445.5 Mil.
Thai Rayon PCL's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was $-48.8 Mil. Thai Rayon PCL's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2026 was -18.18%.
The historical rank and industry rank for Thai Rayon PCL's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
TRAYF'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -62.17 Med: 14.18 Max: 43.86
Current: -22.99
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Thai Rayon PCL was 43.86%. The lowest was -62.17%. And the median was 14.18%.
TRAYF's Earnings Yield (Joel Greenblatt) % is not ranked
in the Manufacturing - Apparel & Accessories industry.
Industry Median: 5.21
vs TRAYF: -22.99
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) %. Thai Rayon PCL's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 2026 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.
Thai Rayon PCL (OTCPK:TRAYF) 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.
Thai Rayon PCL Earnings Yield (Joel Greenblatt) % Related Terms
Thai Rayon PCL Earnings Yield (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Thai Rayon PCL'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.
Thai Rayon PCL Earnings Yield (Joel Greenblatt) % Chart
Thai Rayon PCL Earnings Yield (Joel Greenblatt) % Competitor Comparison
For the Textile Manufacturing subindustry, Thai Rayon PCL'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.
Thai Rayon PCL Earnings Yield (Joel Greenblatt) % vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Thai Rayon PCL's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Thai Rayon PCL's Earnings Yield (Joel Greenblatt) % falls into.
Thai Rayon PCL 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.
Thai Rayon PCLs Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Mar. 2026 is calculated as
Thai Rayon PCL's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $-48.8 Mil.
What does a Earnings Yield (Joel Greenblatt) % of -18.18% mean?
Thai Rayon PCL (TRAYF) has a Earnings Yield (Joel Greenblatt) % of -18.18% as of Mar. 2026. Joel Greenblatt's earnings yield equals the ratio of earnings before interest and taxes to enterprise value. View historical data on Thai Rayon PCL and its competitors.
Is Thai Rayon PCL's Earnings Yield (Joel Greenblatt) % too high?
Thai Rayon PCL's current Earnings Yield (Joel Greenblatt) % is -18.18%. Overall, Thai Rayon PCL has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Thai Rayon PCL's Earnings Yield (Joel Greenblatt) % compare to competitors?
Thai Rayon PCL's Earnings Yield (Joel Greenblatt) % of -18.18% can be compared against companies in the Manufacturing - Apparel & Accessories industry. The industry median Earnings Yield (Joel Greenblatt) % is 5.21. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Earnings Yield (Joel Greenblatt) % for a Manufacturing - Apparel & Accessories company?
The median Earnings Yield (Joel Greenblatt) % among Manufacturing - Apparel & Accessories companies is 5.21, based on 1,073 companies in the industry. Companies in the top quartile (top 25%) have a Earnings Yield (Joel Greenblatt) % significantly above this median, while those in the bottom quartile fall well below. However, Earnings Yield (Joel Greenblatt) % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Earnings Yield (Joel Greenblatt) % mean?
A high Earnings Yield (Joel Greenblatt) % can signal that a stock is expensive relative to its fundamentals. Joel Greenblatt's earnings yield equals the ratio of earnings before interest and taxes to enterprise value. View historical data on Thai Rayon PCL and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Earnings Yield (Joel Greenblatt) % is 5.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thai Rayon PCL's current Earnings Yield (Joel Greenblatt) % is -18.18%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thai Rayon PCL stock overvalued right now?
Thai Rayon PCL (TRAYF) has a current Earnings Yield (Joel Greenblatt) % of -18.18%. The stock's GF Value™ is $2.77, compared to a current price of $1.70 — trading 38.6% below its estimated fair value. The current Earnings Yield (Joel Greenblatt) % is -18.18%. Thai Rayon PCL's overall GF Score™ is 12/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Earnings Yield (Joel Greenblatt) % calculated?
Earnings Yield (Joel Greenblatt) % is calculated from a company's financial statements. For Thai Rayon PCL (TRAYF), the current Earnings Yield (Joel Greenblatt) % is -18.18% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Thai Rayon PCL (TRAYF) Overvalued in 2026?
Based on GuruFocus' analysis, Thai Rayon PCL stock appears to be undervalued.
The current stock price of $1.70 is trading 38.6% below its estimated GF Value™ of $2.77.
Key valuation signals for TRAYF:
Earnings Yield (Joel Greenblatt) %: -18.18%
GF Value™: $2.77 vs. price of $1.70 (38.6% below fair value)
No single metric tells the full story. See the TRAYF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Thai Rayon PCL is a company based in Thailand that mainly manufactures viscose rayon staple fiber and anhydrous sodium sulphate for sale in domestic and export markets. The company also produces anhydrous sodium sulphate as a by-product, which is widely used in Thailand by detergent, pulp, glass, leather, and textile industries. Thai Rayon has made investments in backward and forward integration projects in Thailand, Indonesia, Laos, China, and Canada, as well as various diversification projects in Thailand and overseas. The company's operations focus on a single industry segment, which is the manufacturing and distribution of viscose rayon staple fiber and by-products for both domestic and export markets.
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Earnings Yield (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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