What is Pruksa Holding PCL Earnings Yield (Joel Greenblatt) %?
Pruksa Holding PCL's Enterprise Value for the quarter that ended in Mar. 2024 was ฿40,616 Mil.
Pruksa Holding PCL's EBIT for the trailing twelve months (TTM) ended in Mar. 2024 was ฿2,903 Mil. Pruksa Holding PCL's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2024 was 7.15%.
The historical rank and industry rank for Pruksa Holding PCL's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
BKK:PSH'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 6.78 Med: 10.11 Max: 14.71
Current: 8.16
During the past 11 years, the highest Earnings Yield (Joel Greenblatt) of Pruksa Holding PCL was 14.71%. The lowest was 6.78%. And the median was 10.11%.
BKK:PSH's Earnings Yield (Joel Greenblatt) % is ranked better than 68.86% of 1856
companies
in the Real Estate industry
Industry Median: 4.215
vs BKK:PSH: 8.16
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) %. Pruksa Holding PCL's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 2024 was 14.62%. 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.
Pruksa Holding PCL Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Pruksa Holding PCL'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 Real Estate - Development subindustry, Pruksa Holding PCL'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.
Pruksa Holding PCL's Earnings Yield (Joel Greenblatt) % Distribution in the Real Estate Industry
For the Real Estate industry and Real Estate sector, Pruksa Holding PCL's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Pruksa Holding PCL'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.
Pruksa Holding PCLs Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as
Pruksa Holding PCL's EBIT for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ฿2,903 Mil.
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.
Pruksa Holding PCL Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Pruksa Holding PCL's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Pruksa Holding Public Company Limited operates as a holding company in real estate and healthcare businesses. The core business of the Company is real estate development for sale. The business activities of the group include developing projects for townhouses, single-detached houses, condominiums, and hospitals. The company focuses on residential houses located in various potential and high growth areas of Bangkok and its vicinities, including downtown Bangkok projects in Thailand. It is also engaged in hospital operations of which revenue mainly consists of medical fees, hospital room sales, and medicine sales. Geographically, the business operations are located in Thailand and earn key revenue from the sale of real estate.
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