The historical rank and industry rank for Turkiye Sise ve Cam Fabrikalari AS's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
IST:SISE'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 5.6 Med: 14.78 Max: 33.11
Current: 16.57
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Turkiye Sise ve Cam Fabrikalari AS was 33.11%. The lowest was 5.60%. And the median was 14.78%.
IST:SISE's Earnings Yield (Joel Greenblatt) % is ranked better than 90.71% of 1572
companies
in the Chemicals industry
Industry Median: 3.855
vs IST:SISE: 16.57
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) %. Turkiye Sise ve Cam Fabrikalari AS's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2023 was 24.16%. 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.
Turkiye Sise ve Cam Fabrikalari AS 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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Turkiye Sise ve Cam Fabrikalari AS Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of Turkiye Sise ve Cam Fabrikalari AS's Earnings Yield (Joel Greenblatt) %
For the Specialty Chemicals subindustry, Turkiye Sise ve Cam Fabrikalari AS'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.
Turkiye Sise ve Cam Fabrikalari AS's Earnings Yield (Joel Greenblatt) % Distribution in the Chemicals Industry
For the Chemicals industry and Basic Materials sector, Turkiye Sise ve Cam Fabrikalari AS's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Turkiye Sise ve Cam Fabrikalari AS's Earnings Yield (Joel Greenblatt) % falls into.
Turkiye Sise ve Cam Fabrikalari AS 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.
Turkiye Sise ve Cam Fabrikalari AS'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 ₺32,630 Mil.
Turkiye Sise ve Cam Fabrikalari AS (IST:SISE) 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.
Turkiye Sise ve Cam Fabrikalari AS Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Turkiye Sise ve Cam Fabrikalari AS's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Turkiye Sise ve Cam Fabrikalari AS (IST:SISE) Business Description
Turkiye Sise ve Cam Fabrikalari AS is a holding company that, through its subsidiaries, manufactures and sells glass products, chemicals, and glass packaging. The firm's five segments are based on product type. The flat glass segment, which generates more revenue than any other segment, sells glass panes used in windows and automobile windshields. The glassware segment sells glass beverage bottles and crystal products. The other three segments are glass packaging, chemicals, and other, which consists primarily of services including insurance and the export and import of goods. The majority of revenue comes from Turkey.
Turkiye Sise ve Cam Fabrikalari AS (IST:SISE) Headlines
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