What is China Education Group Holdings Earnings Yield (Joel Greenblatt) %?
China Education Group Holdings's Enterprise Value for the quarter that ended in Aug. 2023 was HK$23,132 Mil.
China Education Group Holdings's EBIT for the trailing twelve months (TTM) ended in Aug. 2023 was HK$2,472 Mil. China Education Group Holdings's Earnings Yield (Joel Greenblatt) for the quarter that ended in Aug. 2023 was 9.48%.
The historical rank and industry rank for China Education Group Holdings's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
HKSE:00839'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 2.19 Med: 4.55 Max: 15.11
Current: 14.81
During the past 9 years, the highest Earnings Yield (Joel Greenblatt) of China Education Group Holdings was 15.11%. The lowest was 2.19%. And the median was 4.55%.
HKSE:00839's Earnings Yield (Joel Greenblatt) % is ranked better than 81.2% of 266
companies
in the Education industry
Industry Median: 5.56
vs HKSE:00839: 14.81
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) %. China Education Group Holdings's Forward Rate of Return (Yacktman) % for the quarter that ended in Aug. 2023 was 22.98%. 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.
China Education Group Holdings 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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China Education Group Holdings Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of China Education Group Holdings's Earnings Yield (Joel Greenblatt) %
For the Education & Training Services subindustry, China Education Group 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.
China Education Group Holdings's Earnings Yield (Joel Greenblatt) % Distribution in the Education Industry
For the Education industry and Consumer Defensive sector, China Education Group Holdings's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where China Education Group Holdings's Earnings Yield (Joel Greenblatt) % falls into.
China Education Group 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.
China Education Group Holdingss Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Aug. 2023 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.
China Education Group Holdings (HKSE:00839) 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.
China Education Group Holdings Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of China Education Group Holdings's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
China Education Group Holdings (HKSE:00839) Business Description
China Education Group Holdings Ltd is a leading ultra-large-scale private education group in China with 30 years of experience in higher education operations. CEG's schools offer both higher vocational education and secondary vocational education. The school network spans domestic China and overseas. CEG also offers continuing education to full-time working adults. The group's total enrolled full-time students in China expanded more than 3 times over the last six years to about 248,000 as of August 2023. The rapid growth is primarily attributable to school acquisitions. CEG currently operates 14 schools, up from only 3 in 2017.
China Education Group Holdings (HKSE:00839) Headlines
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