What is Magnit PJSC Earnings Yield (Joel Greenblatt) %?
Magnit PJSC's Enterprise Value for the quarter that ended in Jun. 2023 was $0.00 Mil.
Magnit PJSC's EBIT for the trailing twelve months (TTM) ended in Jun. 2023 was $1,713.87 Mil. Magnit PJSC's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2023 was 0.00%.
The historical rank and industry rank for Magnit PJSC's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
MGJCL'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 3.86 Med: 8.37 Max: 11.64
Current: 11.1
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Magnit PJSC was 11.64%. The lowest was 3.86%. And the median was 8.37%.
MGJCL's Earnings Yield (Joel Greenblatt) % is ranked better than 73.67% of 319
companies
in the Retail - Defensive industry
Industry Median: 6.25
vs MGJCL: 11.10
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) %. Magnit PJSC's Forward Rate of Return (Yacktman) % for the quarter that ended in Jun. 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.
Magnit PJSC Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Magnit PJSC'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.
* Premium members only.
Magnit PJSC Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of Magnit PJSC's Earnings Yield (Joel Greenblatt) %
For the Discount Stores subindustry, Magnit PJSC'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.
Magnit PJSC's Earnings Yield (Joel Greenblatt) % Distribution in the Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, Magnit PJSC's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Magnit PJSC's Earnings Yield (Joel Greenblatt) % falls into.
Magnit PJSC 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.
Magnit PJSCs Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2022 is calculated as
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.
Magnit PJSC (GREY:MGJCL) 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.
Magnit PJSC Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Magnit PJSC's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
PJSC Magnit operates in the retail and distribution of consumer goods under the Magnit, the DIXY and the Megamart names. The Group's retail operations are operated through convenience stores, cosmetic stores, supermarkets and other. The Group's business operations are located in the Russian Federation and relate primarily to retail sales of consumer goods. The company operates in about 4,000 localities. The company utilizes a multiformat model, which includes convenience and drogerie stores, supermarkets and pharmacies. Aside from commodity sales, it operates a private-label food production business. The company manages several plants for growing vegetables and the production of dry food and confectionery.
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