What is Sumitomo Forestry Co Earnings Yield (Joel Greenblatt) %?
Sumitomo Forestry Co's Enterprise Value for the quarter that ended in Dec. 2023 was 円1,195,554 Mil.
Sumitomo Forestry Co's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was 円180,193 Mil. Sumitomo Forestry Co's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was 13.85%.
The historical rank and industry rank for Sumitomo Forestry Co's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
TSE:1911'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 8.31 Med: 13.2 Max: 26.17
Current: 13.08
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Sumitomo Forestry Co was 26.17%. The lowest was 8.31%. And the median was 13.20%.
TSE:1911's Earnings Yield (Joel Greenblatt) % is ranked better than 74.55% of 110
companies
in the Homebuilding & Construction industry
Industry Median: 7.855
vs TSE:1911: 13.08
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) %. Sumitomo Forestry Co's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2023 was 24.26%. 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.
Sumitomo Forestry Co Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Sumitomo Forestry 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.
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Sumitomo Forestry Co Earnings Yield (Joel Greenblatt) % Chart
For the Residential Construction subindustry, Sumitomo Forestry 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.
Sumitomo Forestry Co's Earnings Yield (Joel Greenblatt) % Distribution in the Homebuilding & Construction Industry
For the Homebuilding & Construction industry and Consumer Cyclical sector, Sumitomo Forestry Co's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Sumitomo Forestry Co's Earnings Yield (Joel Greenblatt) % falls into.
Sumitomo Forestry 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.
Sumitomo Forestry Cos Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as
Sumitomo Forestry Co's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was 円180,193 Mil.
Sumitomo Forestry Co (TSE:1911) 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.
Sumitomo Forestry Co Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Sumitomo Forestry Co's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Sumitomo Forestry Co (TSE:1911) Business Description
Sumitomo Forestry Co Ltd is a diversified Japanese company that focuses on timber and building materials as well as residential construction. The company's timber business is one of Japan's leading suppliers of timber and also provides building and structural materials such as flooring and doors. It constructs custom-built single-family housing projects around Japan that use the company's timber materials and design. These two business units provide the majority of the company's revenue. Sumitomo Forestry operates timber and exporting businesses in Southeast Asia, Australia, and North America. It is also involved in forestry management, as it owns forests around Japan and Southeast Asia.
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