What is Totetsu Kogyo Co Earnings Yield (Joel Greenblatt) %?
Totetsu Kogyo Co's Enterprise Value for the quarter that ended in Sep. 2024 was 円96,880 Mil.
Totetsu Kogyo Co's EBIT for the trailing twelve months (TTM) ended in Sep. 2024 was 円13,937 Mil. Totetsu Kogyo Co's Earnings Yield (Joel Greenblatt) for the quarter that ended in Sep. 2024 was 14.39%.
The historical rank and industry rank for Totetsu Kogyo Co's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
TSE:1835'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 10.61 Med: 15.52 Max: 50.51
Current: 16.23
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Totetsu Kogyo Co was 50.51%. The lowest was 10.61%. And the median was 15.52%.
TSE:1835's Earnings Yield (Joel Greenblatt) % is ranked better than 84.03% of 1760
companies
in the Construction industry
Industry Median: 6
vs TSE:1835: 16.23
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) %. Totetsu Kogyo Co's Forward Rate of Return (Yacktman) % for the quarter that ended in Sep. 2024 was 0.00%. 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.
Totetsu Kogyo Co Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Totetsu Kogyo Co'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.
Totetsu Kogyo Co Earnings Yield (Joel Greenblatt) % Chart
For the Engineering & Construction subindustry, Totetsu Kogyo 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.
Totetsu Kogyo Co's Earnings Yield (Joel Greenblatt) % Distribution in the Construction Industry
For the Construction industry and Industrials sector, Totetsu Kogyo Co's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Totetsu Kogyo Co's Earnings Yield (Joel Greenblatt) % falls into.
Totetsu Kogyo 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.
Totetsu Kogyo Cos Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Mar. 2024 is calculated as
Totetsu Kogyo Co's EBIT for the trailing twelve months (TTM) ended in Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was 円13,937 Mil.
Totetsu Kogyo Co (TSE:1835) 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.
Totetsu Kogyo Co Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Totetsu Kogyo Co's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Totetsu Kogyo Co Ltd is a construction company. Its operating segments are Civil Engineering, Railway track maintenance, Architectural and Environmental segment. It undertakes various projects such as construction, renovation, reinforcement of elevated bridges and railway platform edge doors for passenger protection along with building new railway tracks for the Shinkansen, public and private sectors. The company is also engaged in construction and maintenance of station buildings for railway lines, apartment houses, office buildings, hotels, shops, and schools. Additionally, it also provides environmental technology and services, like construction of solar power generation systems, greening of buildings, and implementing energy conservation systems for air conditioning.
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