What is Electra Consumer Products Earnings Yield (Joel Greenblatt) %?
Electra Consumer Products's Enterprise Value for the quarter that ended in Mar. 2024 was ₪5,690 Mil.
Electra Consumer Products's EBIT for the trailing twelve months (TTM) ended in Mar. 2024 was ₪27 Mil. Electra Consumer Products's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2024 was 0.47%.
The historical rank and industry rank for Electra Consumer Products's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
XTAE:ECP'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -0.61 Med: 4.54 Max: 16.81
Current: 0.53
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Electra Consumer Products was 16.81%. The lowest was -0.61%. And the median was 4.54%.
XTAE:ECP's Earnings Yield (Joel Greenblatt) % is ranked worse than 65.79% of 2485
companies
in the Hardware industry
Industry Median: 3.1
vs XTAE:ECP: 0.53
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) %. Electra Consumer Products's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 2024 was 24.81%. 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.
Electra Consumer Products Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Electra Consumer Products'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.
For the Consumer Electronics subindustry, Electra Consumer Products'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.
Electra Consumer Products's Earnings Yield (Joel Greenblatt) % Distribution in the Hardware Industry
For the Hardware industry and Technology sector, Electra Consumer Products's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Electra Consumer Products's Earnings Yield (Joel Greenblatt) % falls into.
In his book, The Little That Beat the Market, hedge fund manager Joel Greenblatt defines Earnings Yield as operating income divided by enterprise value.
Electra Consumer Productss Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as
Electra Consumer Products'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 ₪27 Mil.
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.
Electra Consumer Products Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Electra Consumer Products's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Electra Consumer Products (XTAE:ECP) Business Description
Electra Consumer Products Ltd engages in the field of household electrical appliances, air conditioning, and communications. The group operates in three fields of operations of which the First field is importing, manufacturing, exporting, marketing, sale, and distribution of electrical consumer products as well as the provision of services for products; the Second field consists of the operation of retail marketing chains for the sale of electrical consumer products in Israel and the Third field includes the operation of "Do It Yourself" chains - retail chains specializing in the provision of home design and maintenance solutions and in the field of products for motor vehicles field. Geographically, the firm is Israel based and it derives revenue from sales and the provision of services.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
XTAE:ECP has been successfully added to your 