What is Daito Trust Construction Co Earnings Yield (Joel Greenblatt) %?
Daito Trust Construction Co's Enterprise Value for the quarter that ended in Dec. 2023 was $7,024 Mil.
Daito Trust Construction Co's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was $778 Mil. Daito Trust Construction Co's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was 11.26%.
The historical rank and industry rank for Daito Trust Construction Co's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
DIFTY'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 8.36 Med: 12.03 Max: 24.6
Current: 11.86
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Daito Trust Construction Co was 24.60%. The lowest was 8.36%. And the median was 12.03%.
DIFTY's Earnings Yield (Joel Greenblatt) % is ranked better than 76.45% of 1856
companies
in the Real Estate industry
Industry Median: 4.305
vs DIFTY: 11.86
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) %. Daito Trust Construction Co's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2023 was 2.76%. 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.
Daito Trust Construction Co Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Daito Trust Construction 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.
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Daito Trust Construction Co Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of Daito Trust Construction Co's Earnings Yield (Joel Greenblatt) %
For the Real Estate - Diversified subindustry, Daito Trust Construction 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.
Daito Trust Construction Co's Earnings Yield (Joel Greenblatt) % Distribution in the Real Estate Industry
For the Real Estate industry and Real Estate sector, Daito Trust Construction Co's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Daito Trust Construction Co's Earnings Yield (Joel Greenblatt) % falls into.
Daito Trust Construction 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.
Daito Trust Construction Cos Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Mar. 2023 is calculated as
Daito Trust Construction Co's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $778 Mil.
Daito Trust Construction Co (OTCPK:DIFTY) 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.
Daito Trust Construction Co Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Daito Trust Construction Co's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Daito Trust Construction Co (Daito Trust Construction Co) Business Description
Daito Trust Construction Co Ltd engages in the design and construction of apartments, condominiums, rental office buildings, factories, and warehouses. Additional activities include tenant recruiting, building maintenance, and contracting arrangements. A Lease Management Trust System sits at the center of Daito's operations. Under this system, business is divided between the construction business and the real estate business. The company plans and proposes building rental businesses to landowners, and then designs and constructs the contracted rental buildings. Daito also recruits tenants for its constructed rental buildings and provides property management and operation services for the buildings.
Daito Trust Construction Co (Daito Trust Construction Co) Headlines
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