What is Mercury Securities Group Bhd Earnings Yield (Joel Greenblatt) %?
Mercury Securities Group Bhd's Enterprise Value for the quarter that ended in Oct. 2023 was RM198.02 Mil.
Mercury Securities Group Bhd's EBIT for the trailing twelve months (TTM) ended in Oct. 2023 was RM12.49 Mil. Mercury Securities Group Bhd's Earnings Yield (Joel Greenblatt) for the quarter that ended in Oct. 2023 was 6.31%.
The historical rank and industry rank for Mercury Securities Group Bhd's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
XKLS:0285'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 2.15 Med: 5.82 Max: 10.69
Current: 4.79
During the past 5 years, the highest Earnings Yield (Joel Greenblatt) of Mercury Securities Group Bhd was 10.69%. The lowest was 2.15%. And the median was 5.82%.
XKLS:0285's Earnings Yield (Joel Greenblatt) % is ranked better than 58.16% of 784
companies
in the Capital Markets industry
Industry Median: 2.695
vs XKLS:0285: 4.79
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) %. Mercury Securities Group Bhd's Forward Rate of Return (Yacktman) % for the quarter that ended in Oct. 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.
Mercury Securities Group Bhd Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Mercury Securities Group Bhd'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.
Mercury Securities Group Bhd Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of Mercury Securities Group Bhd's Earnings Yield (Joel Greenblatt) %
For the Capital Markets subindustry, Mercury Securities Group Bhd'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.
Mercury Securities Group Bhd's Earnings Yield (Joel Greenblatt) % Distribution in the Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Mercury Securities Group Bhd's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Mercury Securities Group Bhd's Earnings Yield (Joel Greenblatt) % falls into.
Mercury Securities Group Bhd 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.
Mercury Securities Group Bhds Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Oct. 2023 is calculated as
For company reported semi-annually or annually, GuruFocus only calculate annual data for Earnings Yield (Joel Greenblatt) and apply the annual figure to corresponding quarter.
Mercury Securities Group Bhd (XKLS:0285) 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.
Mercury Securities Group Bhd Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Mercury Securities Group Bhd's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Mercury Securities Group Bhd (XKLS:0285) Business Description
Mercury Securities Group Bhd is an investment holding company and through its subsidiaries, It is principally engaged in stockbroking, corporate finance advisory and other related businesses as well as the provision of nominee and custodian services. Mercury provides stockbroking services comprising execution of trades of securities listed on Bursa Securities and foreign stock exchanges mainly in Singapore, Hong Kong and the USA, as well as margin financing facility services, nominees, custodians and related services. It is also licensed by the Securities Commission Malaysia to undertake regulated corporate finance activities as a Principal or Independent Advisor.
Mercury Securities Group Bhd (XKLS:0285) Headlines
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