What is Grab2Go AS Earnings Yield (Joel Greenblatt) %?
Grab2Go AS's Enterprise Value for the quarter that ended in Jun. 2023 was €5.00 Mil.
Grab2Go AS does not have enough years/quarters to calculate its EBIT for the trailing twelve months (TTM) ended in Jun. 2023. Therefore, GuruFocus does not calculate Grab2Go AS's Earnings Yield (Joel Greenblatt) at this moment.
The historical rank and industry rank for Grab2Go AS's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
OTSE:GRB2G'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -27.97 Med: 0 Max: 0
Current: -22.78
OTSE:GRB2G's Earnings Yield (Joel Greenblatt) % is ranked worse than 94.91% of 3047
companies
in the Industrial Products industry
Industry Median: 4.26
vs OTSE:GRB2G: -22.78
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) %. Grab2Go AS'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.
Grab2Go AS Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Grab2Go AS'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.
* Premium members only.
Grab2Go AS Earnings Yield (Joel Greenblatt) % Chart
Grab2Go AS Annual Data
Trend
Dec21
Dec22
Earnings Yield (Joel Greenblatt) %
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-
Grab2Go AS Semi-Annual Data
Jun22
Dec22
Jun23
Earnings Yield (Joel Greenblatt) %
-
-
-
Competitive Comparison of Grab2Go AS's Earnings Yield (Joel Greenblatt) %
For the Business Equipment & Supplies subindustry, Grab2Go 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.
Grab2Go AS's Earnings Yield (Joel Greenblatt) % Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Grab2Go AS's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Grab2Go AS's Earnings Yield (Joel Greenblatt) % falls into.
Grab2Go 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.
Grab2Go ASs Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2022 is calculated as
Grab2Go AS (OTSE:GRB2G) 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.
Grab2Go AS Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Grab2Go AS's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Grab2Go AS develops and manufactures autonomous, unmanned and robotic convenience store and pharmacy technology. Its technology and solutions make it possible to achieve a significant increase in efficiency, resource savings and a better consumer experience in the operation of convenience stores, pharmacies and other similar points of sale. The company has developed a completely unique Cloud Platform to remotely manage and operate Its Autonomous Stores in Real-Time. Grab2Go earns revenue from the sale of hardware solutions (machines) (one-time revenue), maintenance of hardware solutions (machines) (periodic payments), licensing of software solutions (periodic payments) and software development.
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