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Gumi (TSE:3903) Earnings Yield (Joel Greenblatt) % : -4.07% (As of Jan. 2024)


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What is Gumi Earnings Yield (Joel Greenblatt) %?

Gumi's Enterprise Value for the quarter that ended in Jan. 2024 was 円13,938 Mil. Gumi's EBIT for the trailing twelve months (TTM) ended in Jan. 2024 was 円-5,261 Mil. Gumi's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jan. 2024 was -4.07%.

The historical rank and industry rank for Gumi's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:

TSE:3903' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -62.29   Med: -3.05   Max: 18.53
Current: -43.02

During the past 12 years, the highest Earnings Yield (Joel Greenblatt) of Gumi was 18.53%. The lowest was -62.29%. And the median was -3.05%.

TSE:3903's Earnings Yield (Joel Greenblatt) % is ranked worse than
87.65% of 575 companies
in the Interactive Media industry
Industry Median: 0.04 vs TSE:3903: -43.02

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) %. Gumi's Forward Rate of Return (Yacktman) % for the quarter that ended in Jan. 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.


Gumi Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for Gumi'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.

Gumi Earnings Yield (Joel Greenblatt) % Chart

Gumi Annual Data
Trend Apr15 Apr16 Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23 Apr24
Earnings Yield (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.43 10.59 -40.65 -0.25 -35.59

Gumi Quarterly Data
Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24
Earnings Yield (Joel Greenblatt) % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.25 -0.04 -7.17 -4.07 -

Competitive Comparison of Gumi's Earnings Yield (Joel Greenblatt) %

For the Electronic Gaming & Multimedia subindustry, Gumi'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.


Gumi's Earnings Yield (Joel Greenblatt) % Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Gumi's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Gumi's Earnings Yield (Joel Greenblatt) % falls into.



Gumi 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.

Gumis Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Apr. 2024 is calculated as

Earnings Yield (Joel Greenblatt)=EBIT/Enterprise Value
=-5260.835/14779.9219
=-35.59 %

Gumi's EBIT for the trailing twelve months (TTM) ended in Jan. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was 円-5,261 Mil.



Gumi  (TSE:3903) 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.

Forward Rate of Return (Yacktman) % based on Don Yacktman's definition is a better measure of the expected rate of return for a stock.


Gumi Earnings Yield (Joel Greenblatt) % Related Terms

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Gumi (TSE:3903) Business Description

Industry
Traded in Other Exchanges
Address
Nishi-Shinjuku 4-34-7, 3rd floor, Sumitomo Fudosan Nishi-Shinjuku Building No. 5, Shinjuku-ku, Tokyo, JPN, 160-0023
Gumi Inc is an entertainment company, which develops, operates, and distributes online games for smartphones and tablets. It provides native application services, game contents can be downloaded from apple store without browser; browser game services, game can be played on the mobile terminal browser, as well as publishing services, in which the company performs localization of game content developed by third parties and then sell them through its various sales channels. In addition, the firm offers VR (Virtual Reality) services.

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