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TRSG (Tungray Technologies) Earnings Yield (Joel Greenblatt) % : 0.00% (As of Dec. 2023)


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What is Tungray Technologies Earnings Yield (Joel Greenblatt) %?

Tungray Technologies's Enterprise Value for the quarter that ended in Dec. 2023 was $0.00 Mil. Tungray Technologies's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was $1.48 Mil. Tungray Technologies's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was 0.00%.

The historical rank and industry rank for Tungray Technologies's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:

TRSG' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 1.73   Med: 4.87   Max: 6.78
Current: 4.95

During the past 4 years, the highest Earnings Yield (Joel Greenblatt) of Tungray Technologies was 6.78%. The lowest was 1.73%. And the median was 4.87%.

TRSG's Earnings Yield (Joel Greenblatt) % is ranked better than
57.14% of 3038 companies
in the Industrial Products industry
Industry Median: 4.09 vs TRSG: 4.95

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) %. Tungray Technologies's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 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.


Tungray Technologies Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for Tungray Technologies'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.

Tungray Technologies Earnings Yield (Joel Greenblatt) % Chart

Tungray Technologies Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Earnings Yield (Joel Greenblatt) %
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Tungray Technologies Semi-Annual Data
Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Earnings Yield (Joel Greenblatt) % Get a 7-Day Free Trial - - - - -

Competitive Comparison of Tungray Technologies's Earnings Yield (Joel Greenblatt) %

For the Metal Fabrication subindustry, Tungray Technologies'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.


Tungray Technologies's Earnings Yield (Joel Greenblatt) % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Tungray Technologies's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Tungray Technologies's Earnings Yield (Joel Greenblatt) % falls into.



Tungray Technologies 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.

Tungray Technologiess Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as

Earnings Yield (Joel Greenblatt)=EBIT/Enterprise Value
=1.481/0
= %

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.



Tungray Technologies  (NAS:TRSG) 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.

Forward Rate of Return (Yacktman) % based on Don Yacktman's definition is a better measure of the expected rate of return for a stock.


Tungray Technologies Earnings Yield (Joel Greenblatt) % Related Terms

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Tungray Technologies Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
Innovation Place Tower 4, No. 02-01, 31 Mandai Estate, Singapore, SGP, 729933
Tungray Technologies Inc is an engineer-to-order company that provides custom industrial manufacturing solutions to original equipment manufacturers in the semiconductor, printer, electronics, and home appliance industries. It predominantly generates revenue through the manufacture of custom industrial manufacturing solutions, direct drive and linear DC motors, and induction welding equipment. Geographically, the company generates a majority of its revenue from Singapore and the rest from China.