What is Growthpoint Properties Australia Earnings Yield (Joel Greenblatt) %?
Growthpoint Properties Australia's Enterprise Value for the quarter that ended in Dec. 2023 was $2,847.7 Mil.
Growthpoint Properties Australia's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was $-117.6 Mil. Growthpoint Properties Australia's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was 0.00%.
The historical rank and industry rank for Growthpoint Properties Australia's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
GRWPF'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -4.85 Med: 9.62 Max: 15.02
Current: -4.73
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Growthpoint Properties Australia was 15.02%. The lowest was -4.85%. And the median was 9.62%.
GRWPF's Earnings Yield (Joel Greenblatt) % is ranked worse than 91.28% of 894
companies
in the REITs industry
Industry Median: 2.845
vs GRWPF: -4.73
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) %. Growthpoint Properties Australia's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2023 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.
Growthpoint Properties Australia 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.
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Growthpoint Properties Australia Earnings Yield (Joel Greenblatt) % Chart
For the REIT - Diversified subindustry, Growthpoint Properties Australia'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.
Growthpoint Properties Australia's Earnings Yield (Joel Greenblatt) % Distribution in the REITs Industry
For the REITs industry and Real Estate sector, Growthpoint Properties Australia's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Growthpoint Properties Australia's Earnings Yield (Joel Greenblatt) % falls into.
Growthpoint Properties Australia 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.
For company reported semi-annually or annually, GuruFocus only calculate annual data for Earnings Yield (Joel Greenblatt) and apply the annual figure to corresponding quarter.
Growthpoint Properties Australia (OTCPK:GRWPF) 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.
Growthpoint Properties Australia Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Growthpoint Properties Australia's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Growthpoint Properties Australia (Growthpoint Properties Australia) Business Description
Growthpoint Properties is an internally managed Australian REIT, with commercial property investments split circa 65/35 between Australian office and industrial assets. Historically the REIT did not undertake funds management activities but it purchased fund manager Fortius in September 2022. The REIT usually limits speculative property development, though it built an office development in suburban Melbourne. The asset was completely vacant on completion, but Growthpoint was able to attract tenants and it is now occupied.
Growthpoint Properties Australia (Growthpoint Properties Australia) Headlines
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