The historical rank and industry rank for Japan Aviation Electronics Industry's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
TSE:6807'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 3.3 Med: 10.32 Max: 34.79
Current: 10.05
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Japan Aviation Electronics Industry was 34.79%. The lowest was 3.30%. And the median was 10.32%.
TSE:6807's Earnings Yield (Joel Greenblatt) % is ranked better than 80.9% of 2476
companies
in the Hardware industry
Industry Median: 3.315
vs TSE:6807: 10.05
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) %. Japan Aviation Electronics Industry'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.
Japan Aviation Electronics Industry 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.
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Japan Aviation Electronics Industry Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of Japan Aviation Electronics Industry's Earnings Yield (Joel Greenblatt) %
For the Electronic Components subindustry, Japan Aviation Electronics Industry'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.
Japan Aviation Electronics Industry's Earnings Yield (Joel Greenblatt) % Distribution in the Hardware Industry
For the Hardware industry and Technology sector, Japan Aviation Electronics Industry's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Japan Aviation Electronics Industry's Earnings Yield (Joel Greenblatt) % falls into.
Japan Aviation Electronics Industry 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.
Japan Aviation Electronics Industry'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16,455 Mil.
Japan Aviation Electronics Industry (TSE:6807) 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.
Japan Aviation Electronics Industry Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Japan Aviation Electronics Industry's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Japan Aviation Electronics Industry (TSE:6807) Business Description
Japan Aviation Electronics Industry Ltd is a Japan-based company that manufactures and distributes electronic components and equipment. The firm's operations are organized in four segments: the Connector segment, which sells connectors for use in infrastructure, transportation, and mobile device applications; the Interface Solution segment, which sells touch panels, touch controls, and monitors; the Aviation Equipment segment, which includes navigation equipment and motion sensor solutions; and Others, which includes the sale of other products and the transportation business.
Japan Aviation Electronics Industry (TSE:6807) Headlines
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