What is Berger Paints Jamaica Earnings Yield (Joel Greenblatt) %?
Berger Paints Jamaica's Enterprise Value for the quarter that ended in Dec. 2008 was JMD0 Mil.
Berger Paints Jamaica does not have enough years/quarters to calculate its EBIT for the trailing twelve months (TTM) ended in Dec. 2008. Therefore, GuruFocus does not calculate Berger Paints Jamaica's Earnings Yield (Joel Greenblatt) at this moment.
The historical rank and industry rank for Berger Paints Jamaica's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
XJAM:BRG's Earnings Yield (Joel Greenblatt) % is not ranked *
in the Chemicals industry.
Industry Median: 4.06 * Ranked among companies with meaningful Earnings Yield (Joel Greenblatt) % only.
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) %. Berger Paints Jamaica's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2008 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.
Berger Paints Jamaica Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Berger Paints Jamaica'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 Specialty Chemicals subindustry, Berger Paints Jamaica'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.
Berger Paints Jamaica's Earnings Yield (Joel Greenblatt) % Distribution in the Chemicals Industry
For the Chemicals industry and Basic Materials sector, Berger Paints Jamaica's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Berger Paints Jamaica'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.
Berger Paints Jamaicas Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2008 is calculated as
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.
Berger Paints Jamaica Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Berger Paints Jamaica's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Berger Paints Jamaica Ltd is engaged in the manufacturing and distribution of paint and paint related products. The company's products and services include consumer service, protective coatings, marine paints and architectural and wood finishes. It offers paints, primers, textures, wood finishes, and light industrial finishes. It serves homes and institutions. The group has a strong presence in five regions of the world, including Middle East, South Asia, South East Asia, South Pacific, and the Caribbean, through its five corporate brands - Berger International, Asian Paints, SCIB Paints, Apco Coatings, Taubmans, and Kadisco.
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