What is Federal Grid Company Rosseti PJSC Earnings Yield (Joel Greenblatt) %?
Federal Grid Company Rosseti PJSC's Enterprise Value for the quarter that ended in Jun. 2023 was ₽798,911 Mil.
Federal Grid Company Rosseti PJSC's EBIT for the trailing twelve months (TTM) ended in Jun. 2023 was ₽82,050 Mil. Federal Grid Company Rosseti PJSC's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2023 was 10.27%.
The historical rank and industry rank for Federal Grid Company Rosseti PJSC's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
MIC:FEES'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -40.08 Med: 22.5 Max: 33.5
Current: 26.11
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Federal Grid Company Rosseti PJSC was 33.50%. The lowest was -40.08%. And the median was 22.50%.
MIC:FEES's Earnings Yield (Joel Greenblatt) % is ranked better than 90.84% of 524
companies
in the Utilities - Regulated industry
Industry Median: 6.555
vs MIC:FEES: 26.11
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) %. Federal Grid Company Rosseti PJSC's Forward Rate of Return (Yacktman) % for the quarter that ended in Jun. 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.
Federal Grid Company Rosseti PJSC 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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Federal Grid Company Rosseti PJSC Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of Federal Grid Company Rosseti PJSC's Earnings Yield (Joel Greenblatt) %
For the Utilities - Regulated Electric subindustry, Federal Grid Company Rosseti PJSC'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.
Federal Grid Company Rosseti PJSC's Earnings Yield (Joel Greenblatt) % Distribution in the Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Federal Grid Company Rosseti PJSC's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Federal Grid Company Rosseti PJSC's Earnings Yield (Joel Greenblatt) % falls into.
Federal Grid Company Rosseti PJSC 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.
Federal Grid Company Rosseti PJSC's EBIT for the trailing twelve months (TTM) ended in Jun. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was ₽82,050 Mil.
Federal Grid Company Rosseti PJSC (MIC:FEES) 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.
Federal Grid Company Rosseti PJSC Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Federal Grid Company Rosseti PJSC's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Federal Grid Company Rosseti PJSC (MIC:FEES) Business Description
Federal Grid Company Rosseti PJSC is a Russian electric utility company of which the Russian Federation is the majority shareholder through its subsidiary, PJSC "Russian Grids." The company's principal activity is the transmission of electricity via the Russian Unified National Electric Grid. Federal Grid Company does this through its operation of numerous substations, transformers, and electricity transmission lines all throughout Russia. The vast majority of the company's revenue is derived from the provision of electricity transmission services to a variety of customers, such as industrial firms and other Russian utilities companies. This income stream is dependent upon changes in tariffs set by the Russian government and electricity demand.
Federal Grid Company Rosseti PJSC (MIC:FEES) Headlines
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