What is Advance Residence Investment Earnings Yield (Joel Greenblatt) %?
Advance Residence Investment's Enterprise Value for the quarter that ended in Jan. 2023 was 円656,330 Mil.
Advance Residence Investment's EBIT for the trailing twelve months (TTM) ended in Jan. 2023 was 円8,694 Mil. Advance Residence Investment's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jan. 2023 was 0.00%.
The historical rank and industry rank for Advance Residence Investment's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
TSE:3269'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 1.24 Med: 2.57 Max: 5.64
Current: 1.24
During the past 11 years, the highest Earnings Yield (Joel Greenblatt) of Advance Residence Investment was 5.64%. The lowest was 1.24%. And the median was 2.57%.
TSE:3269's Earnings Yield (Joel Greenblatt) % is ranked worse than 60.51% of 894
companies
in the REITs industry
Industry Median: 2.81
vs TSE:3269: 1.24
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) %. Advance Residence Investment's Forward Rate of Return (Yacktman) % for the quarter that ended in Jan. 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.
Advance Residence Investment Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Advance Residence Investment'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.
For the REIT - Residential subindustry, Advance Residence Investment'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.
Advance Residence Investment's Earnings Yield (Joel Greenblatt) % Distribution in the REITs Industry
For the REITs industry and Real Estate sector, Advance Residence Investment's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Advance Residence Investment'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.
Advance Residence Investments Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Jul. 2021 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.
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.
Advance Residence Investment Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Advance Residence Investment's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Advance Residence Investment (TSE:3269) Business Description
Advance Residence Investment Corp is a real estate investment trust that engaged in the property leasing business. It was created through consolidation type merger between the former Advance Residence Investment Corporation and Nippon Residential Investment Corporation. In order to secure stable earnings and steady growth in assets under management, the company procures funds through loans, issuance of investment corporation bonds, issuance of units, and other means of financing for purchasing real estate properties and repaying its debts. The company primarily invests in residential real estate properties located in central Tokyo, and the Tokyo metropolitan area.
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