What is Kobay Technology Bhd Earnings Yield (Joel Greenblatt) %?
Kobay Technology Bhd's Enterprise Value for the quarter that ended in Mar. 2024 was RM625.4 Mil.
Kobay Technology Bhd's EBIT for the trailing twelve months (TTM) ended in Mar. 2024 was RM21.9 Mil. Kobay Technology Bhd's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2024 was 3.50%.
The historical rank and industry rank for Kobay Technology Bhd's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
XKLS:6971'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 2.02 Med: 12.31 Max: 38.84
Current: 2.89
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Kobay Technology Bhd was 38.84%. The lowest was 2.02%. And the median was 12.31%.
XKLS:6971's Earnings Yield (Joel Greenblatt) % is ranked worse than 62% of 3037
companies
in the Industrial Products industry
Industry Median: 4.4
vs XKLS:6971: 2.89
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) %. Kobay Technology Bhd's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 2024 was 3.03%. 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.
Kobay Technology Bhd Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Kobay Technology 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.
Kobay Technology Bhd Earnings Yield (Joel Greenblatt) % Chart
For the Metal Fabrication subindustry, Kobay Technology 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.
Kobay Technology Bhd's Earnings Yield (Joel Greenblatt) % Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Kobay Technology Bhd's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Kobay Technology Bhd's Earnings Yield (Joel Greenblatt) % falls into.
Kobay Technology 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.
Kobay Technology Bhds Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Jun. 2023 is calculated as
Kobay Technology 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 RM21.9 Mil.
Kobay Technology Bhd (XKLS:6971) 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.
Kobay Technology Bhd Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Kobay Technology Bhd's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Kobay Technology Bhd (XKLS:6971) Business Description
Kobay Technology Bhd is an investment holding company. The company's operating segment includes Manufacturing and Property development, Pharmaceutical and healthcare, Asset Management and Other. It generates maximum revenue from the Manufacturing segment. The Manufacturing segment is engaged in the manufacture of precision machined components, precision stamping, sheet metal parts, surface treatment, precision moulds, tooling and form dies, semiconductor assembly and testing equipment, metal works and structures, modules and parts for oil and gas production and extraction equipment. Geographically, it derives a majority of revenue from Malaysia.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
XKLS:6971 has been successfully added to your 