What is PIM Korea Co Earnings Yield (Joel Greenblatt) %?
PIM Korea Co's Enterprise Value for the quarter that ended in . 20 was ₩0 Mil.
PIM Korea Co does not have enough years/quarters to calculate its EBIT for the trailing twelve months (TTM) ended in . 20. Therefore, GuruFocus does not calculate PIM Korea Co's Earnings Yield (Joel Greenblatt) at this moment.
The historical rank and industry rank for PIM Korea Co's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
XKRX:448900's Earnings Yield (Joel Greenblatt) % is not ranked *
in the Industrial Products industry.
Industry Median: 4.42 * 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) %. PIM Korea Co's Forward Rate of Return (Yacktman) % for the quarter that ended in . 20 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.
PIM Korea Co Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for PIM Korea Co'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.
PIM Korea Co Earnings Yield (Joel Greenblatt) % Chart
PIM Korea Co Annual Data
Trend
Dec22
Earnings Yield (Joel Greenblatt) %
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PIM Korea Co Quarterly Data
Earnings Yield (Joel Greenblatt) %
Competitive Comparison of PIM Korea Co's Earnings Yield (Joel Greenblatt) %
For the Metal Fabrication subindustry, PIM Korea Co'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.
PIM Korea Co's Earnings Yield (Joel Greenblatt) % Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, PIM Korea Co's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where PIM Korea Co's Earnings Yield (Joel Greenblatt) % falls into.
PIM Korea Co 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.
PIM Korea Cos Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2022 is calculated as
PIM Korea Co (XKRX:448900) 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.
PIM Korea Co Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of PIM Korea Co's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
PIM Korea Co Ltd is a global company specializing in parts and materials. It is involved in lead metal powder injection, centrifugal casting, and processing methods and strive to build state-of-the-art facilities and develop new technologies to continuously promote new businesses and lead new trends in the parts business with differentiated strategies.
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