What is Daiwabo Holdings Co Earnings Yield (Joel Greenblatt) %?
Daiwabo Holdings Co's Enterprise Value for the quarter that ended in Dec. 2023 was 円252,673 Mil.
Daiwabo Holdings Co's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was 円13,767 Mil. Daiwabo Holdings Co's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was 4.96%.
The historical rank and industry rank for Daiwabo Holdings Co's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
TSE:3107'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 4.72 Med: 13.37 Max: 38.62
Current: 6.74
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Daiwabo Holdings Co was 38.62%. The lowest was 4.72%. And the median was 13.37%.
TSE:3107's Earnings Yield (Joel Greenblatt) % is ranked better than 69.4% of 2480
companies
in the Hardware industry
Industry Median: 3.215
vs TSE:3107: 6.74
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) %. Daiwabo Holdings Co's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2023 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.
Daiwabo Holdings Co Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Daiwabo Holdings 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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Daiwabo Holdings Co Earnings Yield (Joel Greenblatt) % Chart
For the Electronics & Computer Distribution subindustry, Daiwabo Holdings 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.
Daiwabo Holdings Co's Earnings Yield (Joel Greenblatt) % Distribution in the Hardware Industry
For the Hardware industry and Technology sector, Daiwabo Holdings Co's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Daiwabo Holdings Co's Earnings Yield (Joel Greenblatt) % falls into.
Daiwabo Holdings 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.
Daiwabo Holdings Cos Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Mar. 2024 is calculated as
Daiwabo Holdings 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13,767 Mil.
Daiwabo Holdings Co (TSE:3107) 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.
Daiwabo Holdings Co Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Daiwabo Holdings Co's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Daiwabo Holdings Co (TSE:3107) Business Description
Daiwabo Holdings Co Ltd engages in the IT infrastructure distribution business in Japan and internationally. The company distributes computer appliances and peripheral devices. It is also involved in manufacturing, processing, and selling of synthetic fibers, nonwovens, industrial materials and related products. It is also involved in manufacture and selling of machine parts for production equipment and casting parts. In addition, the company is engaged in hotel management business, golf course running business, real-estate business, insurance agency and engineering business.
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