What is Starbucks Coffee Japan, Earnings Yield (Joel Greenblatt) %?
Starbucks Coffee Japan,'s Enterprise Value for the quarter that ended in Dec. 2014 was 円187,659 Mil.
Starbucks Coffee Japan,'s EBIT for the trailing twelve months (TTM) ended in Dec. 2014 was 円12,989 Mil. Starbucks Coffee Japan,'s Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2014 was 6.92%.
The historical rank and industry rank for Starbucks Coffee Japan,'s Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
TSE:2712'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 6.6 Med: 11.9 Max: 14.7
Current: 6.9
During the past 7 years, the highest Earnings Yield (Joel Greenblatt) of Starbucks Coffee Japan, was 14.70%. The lowest was 6.60%. And the median was 11.90%.
TSE:2712's Earnings Yield (Joel Greenblatt) % is not ranked
in the Restaurants industry.
Industry Median: 3.845
vs TSE:2712: 6.90
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) %. Starbucks Coffee Japan,'s Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2014 was 23.02%. 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.
Starbucks Coffee Japan, Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Starbucks Coffee Japan,'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.
For the Restaurants subindustry, Starbucks Coffee Japan,'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.
Starbucks Coffee Japan,'s Earnings Yield (Joel Greenblatt) % Distribution in the Restaurants Industry
For the Restaurants industry and Consumer Cyclical sector, Starbucks Coffee Japan,'s Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Starbucks Coffee Japan,'s Earnings Yield (Joel Greenblatt) % falls into.
In his book, The Little That Beat the Market, hedge fund manager Joel Greenblatt defines Earnings Yield as operating income divided by enterprise value.
Starbucks Coffee Japan,s Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Mar. 2014 is calculated as
Starbucks Coffee Japan,'s EBIT for the trailing twelve months (TTM) ended in Dec. 2014 adds up the quarterly data reported by the company within the most recent 12 months, which was 円12,989 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.
Starbucks Coffee Japan, Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Starbucks Coffee Japan,'s Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Starbucks Coffee Japan, (TSE:2712) Business Description
Starbucks Coffee Japan, Ltd. was founded on October 26, 1995. The Company engages in the operation and management of coffee shops. Its operations are carried out through the following business divisions: Beverage, Food, Coffee Bean, Coffee Equipment, and Other. The Beverage division offers coffee, espresso, frappuccino, tea, and fruit juices. The Food division produces and distributes breakfast, pastries, sandwiches, salads, desserts, and packaged foods. The Coffee bean division involves with the sale of coffee beans. The Coffee Equipment division develops and markets espresso machines, coffee presses, coffee makers, and solo filters. The Other division produces and distributes Starbucks Coffee store-related items, such as mugs, tumblers, drinking glass, and utensils.
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