Mongolia Growth Group (Mongolia Growth Group) Earnings Yield (Joel Greenblatt) %

: 5.81% (As of Sep. 2023)

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Mongolia Growth Group's Enterprise Value for the quarter that ended in Sep. 2023 was $-14.61 Mil. Mongolia Growth Group's EBIT for the trailing twelve months (TTM) ended in Sep. 2023 was $-0.87 Mil. Mongolia Growth Group's Earnings Yield (Joel Greenblatt) for the quarter that ended in Sep. 2023 was 5.81%.

The historical rank and industry rank for Mongolia Growth Group's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:

MNGGF' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -23804.12 Med: -3.29 Max: 3272.62
Current: 5.72

During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Mongolia Growth Group was 3272.62%. The lowest was -23804.12%. And the median was -3.29%.

MNGGF's Earnings Yield (Joel Greenblatt) % is not ranked
in the Real Estate industry.
Industry Median: 4.25 vs MNGGF: 5.72

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) %. Mongolia Growth Group's Forward Rate of Return (Yacktman) % for the quarter that ended in Sep. 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.

Mongolia Growth Group Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for Mongolia Growth Group'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.

Mongolia Growth Group Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Earnings Yield (Joel Greenblatt) %

33.78

-131.58

43.48

-333.33

1.00

Mongolia Growth Group Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Earnings Yield (Joel Greenblatt) %																1,428.57	1.00	10.18	63.29	5.81

Competitive Comparison

For the Real Estate Services subindustry, Mongolia Growth Group'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.

Mongolia Growth Group Earnings Yield (Joel Greenblatt) % Distribution

For the Real Estate industry and Real Estate sector, Mongolia Growth Group's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Mongolia Growth Group's Earnings Yield (Joel Greenblatt) % falls into.

Mongolia Growth Group 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.

Mongolia Growth Groups Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2022 is calculated as

Earnings Yield (Joel Greenblatt)	=	EBIT	/	Enterprise Value
	=	-0.081	/	-7.78266
	=	1.04 %

Mongolia Growth Group'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 $-0.87 Mil.

Mongolia Growth Group (OTCPK:MNGGF) 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

Forward Rate of Return (Yacktman) % based on Don Yacktman's definition is a better measure of the expected rate of return for a stock.

Mongolia Growth Group Earnings Yield (Joel Greenblatt) % Related Terms

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Mongolia Growth Group (Mongolia Growth Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Mongolia Growth Group Ltd (OTCPK:MNGGF) » Definitions » Earnings Yield (Joel Greenblatt) %

Comparable Companies

Traded in Other Exchanges

YAK:Canada

Address

100 King Street West, 56th Floor Suite 5600, First Canadian Place, Toronto, ON, CAN, M5X 1C9

Website

https://www.mongoliagrowthgroup.com

Mongolia Growth Group Ltd is a real estate investment and development company. It owns commercial investment property assets in Ulaanbaatar, Mongolia. The company operates through three segments: investment property operations, subscription products, and corporate. The Investment Property operations consist of commercial and residential investment property in Mongolia held for the purposes of rental revenue, capital appreciation, or redevelopment.