What is JDC Group AG Earnings Yield (Joel Greenblatt) %?
JDC Group AG's Enterprise Value for the quarter that ended in Sep. 2023 was €210.3 Mil.
JDC Group AG's EBIT for the trailing twelve months (TTM) ended in Sep. 2023 was €3.5 Mil. JDC Group AG's Earnings Yield (Joel Greenblatt) for the quarter that ended in Sep. 2023 was 1.68%.
The historical rank and industry rank for JDC Group AG's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
XTER:JDC'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -67.52 Med: 0.14 Max: 2.08
Current: 1.22
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of JDC Group AG was 2.08%. The lowest was -67.52%. And the median was 0.14%.
XTER:JDC's Earnings Yield (Joel Greenblatt) % is ranked better than 81.48% of 664
companies
in the Diversified Financial Services industry
Industry Median: -1.685
vs XTER:JDC: 1.22
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) %. JDC Group AG's Forward Rate of Return (Yacktman) % for the quarter that ended in Sep. 2023 was 20.89%. 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.
JDC Group AG Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for JDC Group AG'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.
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JDC Group AG Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of JDC Group AG's Earnings Yield (Joel Greenblatt) %
For the Financial Conglomerates subindustry, JDC Group AG'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.
JDC Group AG's Earnings Yield (Joel Greenblatt) % Distribution in the Diversified Financial Services Industry
For the Diversified Financial Services industry and Financial Services sector, JDC Group AG's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where JDC Group AG's Earnings Yield (Joel Greenblatt) % falls into.
JDC Group AG 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.
JDC Group AGs Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2022 is calculated as
JDC Group AG's EBIT for the trailing twelve months (TTM) ended in Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was €3.5 Mil.
JDC Group AG (XTER:JDC) 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.
JDC Group AG Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of JDC Group AG's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
JDC Group AG is a financial services company advising its customers and brokers with financial products in Germany and Austria. The company sales platform offers products that cover asset classes such as investment funds and alternative investment funds, structured products, insurance, financing, and real estate. Its brokering financial products include broker pool and technical platforms consisting of Jung, DMS, and Cir.AG. The company's segments include the Advisortech segment, Advisory segment, and Holding segment.
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