What is Sagicor Real Estate X Fund Earnings Yield (Joel Greenblatt) %?
Sagicor Real Estate X Fund's Enterprise Value for the quarter that ended in Dec. 2023 was JMD16,760 Mil.
Sagicor Real Estate X Fund does not have enough years/quarters to calculate its EBIT for the trailing twelve months (TTM) ended in Dec. 2023. Therefore, GuruFocus does not calculate Sagicor Real Estate X Fund's Earnings Yield (Joel Greenblatt) at this moment.
The historical rank and industry rank for Sagicor Real Estate X Fund's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
XJAM:XFUND'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 5.2 Med: 6.76 Max: 8.61
Current: 7.47
During the past 3 years, the highest Earnings Yield (Joel Greenblatt) of Sagicor Real Estate X Fund was 8.61%. The lowest was 5.20%. And the median was 6.76%.
XJAM:XFUND's Earnings Yield (Joel Greenblatt) % is ranked better than 65.37% of 1851
companies
in the Real Estate industry
Industry Median: 4.06
vs XJAM:XFUND: 7.47
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) %. Sagicor Real Estate X Fund'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.
Sagicor Real Estate X Fund Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Sagicor Real Estate X Fund'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.
Sagicor Real Estate X Fund Earnings Yield (Joel Greenblatt) % Chart
Sagicor Real Estate X Fund Annual Data
Trend
Dec21
Dec22
Dec23
Earnings Yield (Joel Greenblatt) %
6.64
5.79
7.46
Sagicor Real Estate X Fund Semi-Annual Data
Dec21
Dec22
Dec23
Earnings Yield (Joel Greenblatt) %
-
5.79
7.46
Competitive Comparison of Sagicor Real Estate X Fund's Earnings Yield (Joel Greenblatt) %
For the Real Estate - Development subindustry, Sagicor Real Estate X Fund'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.
Sagicor Real Estate X Fund's Earnings Yield (Joel Greenblatt) % Distribution in the Real Estate Industry
For the Real Estate industry and Real Estate sector, Sagicor Real Estate X Fund's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Sagicor Real Estate X Fund's Earnings Yield (Joel Greenblatt) % falls into.
Sagicor Real Estate X Fund 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.
Sagicor Real Estate X Funds Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as
Sagicor Real Estate X Fund (XJAM:XFUND) 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.
Sagicor Real Estate X Fund Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Sagicor Real Estate X Fund's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Sagicor Real Estate X Fund (XJAM:XFUND) Business Description
Sagicor Real Estate X Fund Ltd specializes in real estate investments. The Company's main business activity is to invest in hotel and commercial real estate activities. The Group is organized into two primary business segments: (a) Hotel operations direct ownership and operation of hotels. (b) Indirect hotel operations and commercial indirect investment in real estate via the Sagicor Sigma Global Funds and Jamziv. The wind-up of Jamziv was completed in 2022. (c) Other - comprises other investment assets and other liabilities.
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