What is Tian Lun Gas Holdings Earnings Yield (Joel Greenblatt) %?
Tian Lun Gas Holdings's Enterprise Value for the quarter that ended in Dec. 2023 was HK$10,888 Mil.
Tian Lun Gas Holdings's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was HK$1,211 Mil. Tian Lun Gas Holdings's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was 11.12%.
The historical rank and industry rank for Tian Lun Gas Holdings's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
HKSE:01600'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 4.21 Med: 9.22 Max: 20.06
Current: 11.2
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Tian Lun Gas Holdings was 20.06%. The lowest was 4.21%. And the median was 9.22%.
HKSE:01600's Earnings Yield (Joel Greenblatt) % is ranked better than 73.09% of 524
companies
in the Utilities - Regulated industry
Industry Median: 6.55
vs HKSE:01600: 11.20
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) %. Tian Lun Gas Holdings's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2023 was 13.16%. 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.
Tian Lun Gas Holdings Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Tian Lun Gas 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.
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Tian Lun Gas Holdings Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of Tian Lun Gas Holdings's Earnings Yield (Joel Greenblatt) %
For the Utilities - Regulated Gas subindustry, Tian Lun Gas 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.
Tian Lun Gas Holdings's Earnings Yield (Joel Greenblatt) % Distribution in the Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Tian Lun Gas Holdings's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Tian Lun Gas Holdings's Earnings Yield (Joel Greenblatt) % falls into.
Tian Lun Gas 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.
Tian Lun Gas Holdingss Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 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.
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.
Tian Lun Gas Holdings Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Tian Lun Gas Holdings's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Tian Lun Gas Holdings (HKSE:01600) Business Description
Tian Lun Gas Holdings Ltd is a Chinese investment holding company whose subsidiaries are engaged in the investment, operation and management of gas pipeline connections, transportation, distribution and sales of gas, construction and operation of gas filling stations, and production and sales of LNG in the People's Republic of China. The segments of the company are sale of natural gas in cylinders, sale of natural gas in bulk and engineering construction services. The company derives majority of its revenue from the sale of natural gas.
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