What is Pegasus Hava Tasimaciligi AS Earnings Yield (Joel Greenblatt) %?
Pegasus Hava Tasimaciligi AS's Enterprise Value for the quarter that ended in Mar. 2024 was ₺173,421 Mil.
Pegasus Hava Tasimaciligi AS's EBIT for the trailing twelve months (TTM) ended in Mar. 2024 was ₺13,248 Mil. Pegasus Hava Tasimaciligi AS's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2024 was 7.64%.
The historical rank and industry rank for Pegasus Hava Tasimaciligi AS's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
IST:PGSUS'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -7.68 Med: 5.58 Max: 19.66
Current: 6.88
During the past 12 years, the highest Earnings Yield (Joel Greenblatt) of Pegasus Hava Tasimaciligi AS was 19.66%. The lowest was -7.68%. And the median was 5.58%.
IST:PGSUS's Earnings Yield (Joel Greenblatt) % is ranked better than 56.3% of 1000
companies
in the Transportation industry
Industry Median: 6.885
vs IST:PGSUS: 6.88
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) %. Pegasus Hava Tasimaciligi AS's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 2024 was 30.74%. 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.
Pegasus Hava Tasimaciligi AS Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Pegasus Hava Tasimaciligi AS'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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Pegasus Hava Tasimaciligi AS Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of Pegasus Hava Tasimaciligi AS's Earnings Yield (Joel Greenblatt) %
For the Airlines subindustry, Pegasus Hava Tasimaciligi AS'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.
Pegasus Hava Tasimaciligi AS's Earnings Yield (Joel Greenblatt) % Distribution in the Transportation Industry
For the Transportation industry and Industrials sector, Pegasus Hava Tasimaciligi AS's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Pegasus Hava Tasimaciligi AS's Earnings Yield (Joel Greenblatt) % falls into.
Pegasus Hava Tasimaciligi AS 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.
Pegasus Hava Tasimaciligi ASs Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as
Pegasus Hava Tasimaciligi AS'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 ₺13,248 Mil.
Pegasus Hava Tasimaciligi AS (IST:PGSUS) 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.
Pegasus Hava Tasimaciligi AS Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Pegasus Hava Tasimaciligi AS's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Pegasus Hava Tasimaciligi AS (IST:PGSUS) Business Description
Pegasus Hava Tasimaciligi AS is one of the leading airlines in Turkey. It provides domestic and international routes and focuses on providing high-frequency services on short- and medium-haul flights. Scheduled and chartered flights are offered, and the company generates additional revenues by providing ancillary services. In-flight beverages and food, excess baggage, reservation changes, seat selection, and other services are provided to customers at an extra charge. The company is managed as a single business unit, and resource-allocation decisions are based on the entire route network. Approximately half of the total revenue is derived from international scheduled flights. Destinations across Europe make up the majority of international flights.
Pegasus Hava Tasimaciligi AS (IST:PGSUS) Headlines
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