Kokusan Denki Co (TSE:6992) Earnings Yield (Joel Greenblatt) % : 7.84% (As of Mar. 2015)

Kokusan Denki Co Earnings Yield (Joel Greenblatt) % Chart

Kokusan Denki Co Quarterly Data
	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15
Earnings Yield (Joel Greenblatt) %	Get a 7-Day Free Trial															15.04	10.74	13.87	8.10	7.84

Competitive Comparison of Kokusan Denki Co's Earnings Yield (Joel Greenblatt) %

For the Electronic Components subindustry, Kokusan Denki 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.

Kokusan Denki Co's Earnings Yield (Joel Greenblatt) % Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Kokusan Denki Co's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

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

Kokusan Denki 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.

Kokusan Denki Cos Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2014 is calculated as

Kokusan Denki Co's EBIT for the trailing twelve months (TTM) ended in Mar. 2015 adds up the quarterly data reported by the company within the most recent 12 months, which was 円403 Mil.

Kokusan Denki Co  (TSE:6992) 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.

Kokusan Denki Co Earnings Yield (Joel Greenblatt) % Related Terms

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Kokusan Denki Co (TSE:6992) Business Description