The historical rank and industry rank for Champion Real Estate Investment Trust's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
CMPNF'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -31.7 Med: 7.25 Max: 27.06
Current: 4.22
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Champion Real Estate Investment Trust was 27.06%. The lowest was -31.70%. And the median was 7.25%.
CMPNF's Earnings Yield (Joel Greenblatt) % is ranked better than 63.55% of 897
companies
in the REITs industry
Industry Median: 2.78
vs CMPNF: 4.22
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) %. Champion Real Estate Investment Trust'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.
Champion Real Estate Investment Trust 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.
Competitive Comparison of Champion Real Estate Investment Trust's Earnings Yield (Joel Greenblatt) %
For the REIT - Retail subindustry, Champion Real Estate Investment Trust'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.
Champion Real Estate Investment Trust's Earnings Yield (Joel Greenblatt) % Distribution in the REITs Industry
For the REITs industry and Real Estate sector, Champion Real Estate Investment Trust's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Champion Real Estate Investment Trust's Earnings Yield (Joel Greenblatt) % falls into.
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.
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.
Champion Real Estate Investment Trust Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Champion Real Estate Investment Trust's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Champion Real Estate Investment Trust (Champion Real Estate Investment Trust) Business Description
Champion Real Estate Investment Trust, or Champion REIT, owns and invests in income-producing office and retail properties, with a focus on Grade A commercial properties in prime locations. In Hong Kong, the trust holds two assets in Three Garden Road in the central business district and the retail and office components of Langham Place in Mong Kok. Great Eagle Holdings listed Champion REIT with a 91.5% stake in Three Garden Road in 2006 and injected the Langham Place office and retail portions into the trust in 2008. The trust acquired the remaining stake in Three Garden Road and unified ownership of the property in 2013. Great Eagle Holdings retains a 68.3% stake in Champion REIT. In 2021, the trust entered into a joint venture to acquire a 27% stake in 66 Shoe Lane in London.
Champion Real Estate Investment Trust (Champion Real Estate Investment Trust) Headlines
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