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INTAGE HOLDINGS (TSE:4326) Earnings Yield (Joel Greenblatt) %

: 6.52% (As of Dec. 2023)
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INTAGE HOLDINGS's Enterprise Value for the quarter that ended in Dec. 2023 was 円53,802 Mil. INTAGE HOLDINGS's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was 円3,511 Mil. INTAGE HOLDINGS's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was 6.52%.

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

TSE:4326' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 4.72   Med: 11.78   Max: 31.99
Current: 7.49

During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of INTAGE HOLDINGS was 31.99%. The lowest was 4.72%. And the median was 11.78%.

TSE:4326's Earnings Yield (Joel Greenblatt) % is ranked better than
68.41% of 1051 companies
in the Media - Diversified industry
Industry Median: 2.85 vs TSE:4326: 7.49

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) %. INTAGE HOLDINGS'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.


INTAGE HOLDINGS Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for INTAGE HOLDINGS'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.

INTAGE HOLDINGS Annual Data
Trend Mar13 Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Jun21 Jun22
Earnings Yield (Joel Greenblatt) %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 10.78 15.11 18.35 10.22 13.16

INTAGE HOLDINGS Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Earnings Yield (Joel Greenblatt) % Take a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 9.99 7.75 8.45 4.69 6.52

Competitive Comparison

For the Advertising Agencies subindustry, INTAGE 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.


INTAGE HOLDINGS Earnings Yield (Joel Greenblatt) % Distribution

For the Media - Diversified industry and Communication Services sector, INTAGE HOLDINGS's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where INTAGE HOLDINGS's Earnings Yield (Joel Greenblatt) % falls into.



INTAGE 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.

INTAGE HOLDINGSs Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Jun. 2022 is calculated as

Earnings Yield (Joel Greenblatt)=EBIT/Enterprise Value
=4900.725/37233.7212
=13.16 %

INTAGE HOLDINGS'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 円3,511 Mil.



INTAGE HOLDINGS  (TSE:4326) 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.


INTAGE HOLDINGS Earnings Yield (Joel Greenblatt) % Related Terms

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INTAGE HOLDINGS (TSE:4326) Business Description

Traded in Other Exchanges
N/A
Address
3 Kanda-Neribeicho, Chiyoda-ku, Tokyo, JPN, 101-0022
INTAGE HOLDINGS Inc is engaged in the provision of marketing research and consulting system solutions, and healthcare development support in Japan.

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