What is Gas Malaysia Bhd Earnings Yield (Joel Greenblatt) %?
Gas Malaysia Bhd's Enterprise Value for the quarter that ended in Mar. 2024 was RM4,002 Mil.
Gas Malaysia Bhd's EBIT for the trailing twelve months (TTM) ended in Mar. 2024 was RM540 Mil. Gas Malaysia Bhd's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2024 was 13.50%.
The historical rank and industry rank for Gas Malaysia Bhd's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
XKLS:5209'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 4.36 Med: 6.87 Max: 16.1
Current: 13.04
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Gas Malaysia Bhd was 16.10%. The lowest was 4.36%. And the median was 6.87%.
XKLS:5209's Earnings Yield (Joel Greenblatt) % is ranked better than 75.71% of 531
companies
in the Utilities - Regulated industry
Industry Median: 6.79
vs XKLS:5209: 13.04
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) %. Gas Malaysia Bhd's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 2024 was 25.06%. 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.
Gas Malaysia Bhd Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Gas Malaysia 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.
Gas Malaysia Bhd Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of Gas Malaysia Bhd's Earnings Yield (Joel Greenblatt) %
For the Utilities - Regulated Gas subindustry, Gas Malaysia 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.
Gas Malaysia Bhd's Earnings Yield (Joel Greenblatt) % Distribution in the Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Gas Malaysia Bhd's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Gas Malaysia Bhd's Earnings Yield (Joel Greenblatt) % falls into.
Gas Malaysia 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.
Gas Malaysia Bhds Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as
Gas Malaysia Bhd's EBIT for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was RM540 Mil.
Gas Malaysia Bhd (XKLS:5209) 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.
Gas Malaysia Bhd Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Gas Malaysia Bhd's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Gas Malaysia Bhd is a Malaysian gas utility company of which the shareholder is the state-owned Malaysian energy corporation, Petronas. Gas Malaysia is involved in the distribution and sale of natural gas and liquefied petroleum gas (LPG) within the Natural Gas Distribution System in Peninsular Malaysia. The company segments its operations into Natural Gas and LPG and Others. Nearly all of Gas Malaysia's revenue is derived from its Natural Gas and LPG division. Within this unit, the sale of natural gas generates the vast majority of revenue. Malaysia Gas also receives revenue from sales of LPG, the construction of pipelines, and pipeline usage tolling fees. While the company serves a variety of industrial and commercial consumers, its customers are residential entities.
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