Tian Ruixiang Holdings (Tian Ruixiang Holdings) Earnings Yield (Joel Greenblatt) %

Tian Ruixiang Holdings Annual Data
	Trend	Oct17	Oct18	Oct19	Oct20	Oct21	Oct22
Earnings Yield (Joel Greenblatt) %			-	-	-	-35.97	27.47

Tian Ruixiang Holdings Semi-Annual Data
	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23
Earnings Yield (Joel Greenblatt) %								-	-35.97	-	27.47	-

For the Insurance Brokers subindustry, Tian Ruixiang Holdings'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.

For the Insurance industry and Financial Services sector, Tian Ruixiang Holdings's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Tian Ruixiang Holdings's Earnings Yield (Joel Greenblatt) % falls into.

Tian Ruixiang Holdings 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.

Tian Ruixiang Holdingss Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Oct. 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.

Tian Ruixiang Holdings  (NAS:TIRX) 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.

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

Tian Ruixiang Holdings Earnings Yield (Joel Greenblatt) % Related Terms

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Tian Ruixiang Holdings (Tian Ruixiang Holdings) Business Description