Tomra Systems ASA Earnings Yield (Joel Greenblatt) % Definition
Tomra Systems ASA's Enterprise Value for the quarter that ended in Dec. 2023 was $3,779 Mil.
Tomra Systems ASA's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was $109 Mil. Tomra Systems ASA's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was 2.86%.
The historical rank and industry rank for Tomra Systems ASA's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
TMRAF'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 1.45 Med: 3.39 Max: 7.69
Current: 2.42
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Tomra Systems ASA was 7.69%. The lowest was 1.45%. And the median was 3.39%.
TMRAF's Earnings Yield (Joel Greenblatt) % is ranked worse than 61.13% of 247
companies
in the Waste Management industry
Industry Median: 4.17
vs TMRAF: 2.42
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) %. Tomra Systems ASA's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2023 was 15.58%. 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.
Tomra Systems ASA Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Tomra Systems ASA'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.
Tomra Systems ASA Earnings Yield (Joel Greenblatt) % Chart
For the Waste Management subindustry, Tomra Systems ASA'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.
Tomra Systems ASA Earnings Yield (Joel Greenblatt) % Distribution
For the Waste Management industry and Industrials sector, Tomra Systems ASA's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Tomra Systems ASA's Earnings Yield (Joel Greenblatt) % falls into.
Tomra Systems ASA 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.
Tomra Systems ASAs Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as
Tomra Systems ASA's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $109 Mil.
Tomra Systems ASA (OTCPK:TMRAF) 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.
Tomra Systems ASA Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Tomra Systems ASA's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Tomra Systems ASA (Tomra Systems ASA) Business Description
Tomra Systems ASA provides sorting and recycling solutions to better equip customers for handling waste. It operates two primary business segments: collection solutions (a majority of revenue) and sorting solutions. The company produces, sells, and services automated recycling systems, including data administration systems that monitor the volume of collected materials. It manufactures reverse vending machines to collect empty beverage containers. The empty beverage containers are gathered and processed into reusable molds. Tomra services the machines and provides replacement parts to ensure optimal performance. Food sorting solutions inspect individual pieces and stop resources from going to waste. The majority of revenue comes from customers in Europe, North America and Rest of World.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
TMRAF has been successfully added to your 