What is Vario Secure Earnings Yield (Joel Greenblatt) %?
Vario Secure's Enterprise Value for the quarter that ended in Feb. 2024 was 円3,548 Mil.
Vario Secure's EBIT for the trailing twelve months (TTM) ended in Feb. 2024 was 円521 Mil. Vario Secure's Earnings Yield (Joel Greenblatt) for the quarter that ended in Feb. 2024 was 14.68%.
The historical rank and industry rank for Vario Secure's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
TSE:4494'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 9.3 Med: 12.03 Max: 17.09
Current: 15.27
During the past 7 years, the highest Earnings Yield (Joel Greenblatt) of Vario Secure was 17.09%. The lowest was 9.30%. And the median was 12.03%.
TSE:4494's Earnings Yield (Joel Greenblatt) % is ranked better than 92.03% of 2849
companies
in the Software industry
Industry Median: 1.39
vs TSE:4494: 15.27
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) %. Vario Secure's Forward Rate of Return (Yacktman) % for the quarter that ended in Feb. 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.
Vario Secure Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Vario Secure'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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Vario Secure Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of Vario Secure's Earnings Yield (Joel Greenblatt) %
For the Software - Infrastructure subindustry, Vario Secure'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.
Vario Secure's Earnings Yield (Joel Greenblatt) % Distribution in the Software Industry
For the Software industry and Technology sector, Vario Secure's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Vario Secure's Earnings Yield (Joel Greenblatt) % falls into.
Vario Secure 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.
Vario Secures Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Feb. 2024 is calculated as
Vario Secure's EBIT for the trailing twelve months (TTM) ended in Feb. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was 円521 Mil.
Vario Secure (TSE:4494) 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.
Vario Secure Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Vario Secure's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Vario Secure Inc is engaged in providing internet security services which protect network environment of enterprises from various threats arising from internet usage, by utilizing its in-house developed security instruments and unique operation system. The company provides one-stop security services from installation and implementation to operation, monitoring and support to small and medium-sized enterprises which have difficulties in sparing dedicated personnel to IT issues which have been and are becoming sophisticated and complicated day to day.
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