Oriental Land Co's Enterprise Value for the quarter that ended in Dec. 2023 was 円8,464,163 Mil.
Oriental Land Co's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was 円168,502 Mil. Oriental Land Co's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was 1.99%.
The historical rank and industry rank for Oriental Land Co's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
TSE:4661'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -1.38 Med: 3.29 Max: 9.04
Current: 2.22
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Oriental Land Co was 9.04%. The lowest was -1.38%. And the median was 3.29%.
TSE:4661's Earnings Yield (Joel Greenblatt) % is ranked worse than 62.18% of 854
companies
in the Travel & Leisure industry
Industry Median: 4.205
vs TSE:4661: 2.22
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) %. Oriental Land Co'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.
Oriental Land Co Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Oriental Land Co'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.
Oriental Land Co Annual Data
Trend
Mar14
Mar15
Mar16
Mar17
Mar18
Mar19
Mar20
Mar21
Mar22
Mar23
Earnings Yield (Joel Greenblatt) %
3.37
2.07
-1.25
0.16
1.53
Oriental Land Co Quarterly Data
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
Sep22
Dec22
Mar23
Jun23
Sep23
Dec23
Earnings Yield (Joel Greenblatt) %
1.58
1.53
1.47
1.91
1.99
Competitive Comparison
For the Leisure subindustry, Oriental Land Co'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.
Oriental Land Co Earnings Yield (Joel Greenblatt) % Distribution
For the Travel & Leisure industry and Consumer Cyclical sector, Oriental Land Co's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Oriental Land Co's Earnings Yield (Joel Greenblatt) % falls into.
Oriental Land Co 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.
Oriental Land Cos Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Mar. 2023 is calculated as
Oriental Land Co'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168,502 Mil.
Oriental Land Co (TSE:4661) 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.
Oriental Land Co Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Oriental Land Co's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Oriental Land Co Ltd is a Japan-based company operates Tokyo Disney Resort. Segments in which the group functions include Theme Park, Hotel Business, and Other Business. Theme Park segment is engaged in the operation and management of Tokyo Disneyland and Tokyo DisneySea theme Parks. The Hotel segment operates and manages hotels such as Ambassador Hotel, Urayasu Brighton Hotel, Kyoto Brighton Hotel and others. In addition, it also operates shopping complex which composed of shops and restaurants as well as a cinema complex and offers monorail service around Tokyo Disney Resort. Oriental generates the majority of revenue through Theme Park segment.
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