What is Ardekan Industerial Ceramic Co Earnings Yield (Joel Greenblatt) %?
Ardekan Industerial Ceramic Co's Enterprise Value for the quarter that ended in . 20 was IRR0.00 Mil.
Ardekan Industerial Ceramic 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 Ardekan Industerial Ceramic Co's Earnings Yield (Joel Greenblatt) at this moment.
The historical rank and industry rank for Ardekan Industerial Ceramic Co's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
XTEH:ARDK1's Earnings Yield (Joel Greenblatt) % is not ranked *
in the Industrial Products industry.
Industry Median: 4.27 * 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) %. Ardekan Industerial Ceramic 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.
Ardekan Industerial Ceramic Co Earnings Yield (Joel Greenblatt) % Historical Data
* 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.
Ardekan Industerial Ceramic Co Earnings Yield (Joel Greenblatt) % Chart
For the Specialty Industrial Machinery subindustry, Ardekan Industerial Ceramic 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.
Ardekan Industerial Ceramic Co's Earnings Yield (Joel Greenblatt) % Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Ardekan Industerial Ceramic Co's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Ardekan Industerial Ceramic Co's Earnings Yield (Joel Greenblatt) % falls into.
Ardekan Industerial Ceramic 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.
Ardekan Industerial Ceramic Cos Earnings Yield (Joel Greenblatt) for the fiscal year that ended in . 20 is calculated as
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.
Ardekan Industerial Ceramic Co Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Ardekan Industerial Ceramic Co's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Ardekan Industerial Ceramic Co (XTEH:ARDK1) Business Description
Ardekan Industerial Ceramic Co. is a manufacturer of alumina-based industrial ceramics & silicate-based industrial ceramics in Iran. The company's products include Alumina Grinding Balls and Liners, Activated Alumina, Silicate, and others. Its products are used in various industries such as Tiles and ceramics industries, Iron, steel and mines, Oil, natural gas, petrochemical, and chemical industries among others.
Ardekan Industerial Ceramic Co (XTEH:ARDK1) Headlines
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