What is Kyokuto Kaihatsu Kogyo Co Earnings Yield (Joel Greenblatt) %?
Kyokuto Kaihatsu Kogyo Co's Enterprise Value for the quarter that ended in Dec. 2023 was 円67,943 Mil.
Kyokuto Kaihatsu Kogyo Co's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was 円6,725 Mil. Kyokuto Kaihatsu Kogyo Co's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was 9.90%.
The historical rank and industry rank for Kyokuto Kaihatsu Kogyo Co's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
TSE:7226'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 7.1 Med: 18.45 Max: 135.02
Current: 7.34
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Kyokuto Kaihatsu Kogyo Co was 135.02%. The lowest was 7.10%. And the median was 18.45%.
TSE:7226's Earnings Yield (Joel Greenblatt) % is ranked worse than 50.24% of 209
companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 7.34
vs TSE:7226: 7.34
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) %. Kyokuto Kaihatsu Kogyo Co'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.
Kyokuto Kaihatsu Kogyo Co Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Kyokuto Kaihatsu Kogyo Co'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.
Kyokuto Kaihatsu Kogyo Co Earnings Yield (Joel Greenblatt) % Chart
For the Farm & Heavy Construction Machinery subindustry, Kyokuto Kaihatsu Kogyo Co'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.
Kyokuto Kaihatsu Kogyo Co's Earnings Yield (Joel Greenblatt) % Distribution in the Farm & Heavy Construction Machinery Industry
For the Farm & Heavy Construction Machinery industry and Industrials sector, Kyokuto Kaihatsu Kogyo Co's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Kyokuto Kaihatsu Kogyo Co's Earnings Yield (Joel Greenblatt) % falls into.
Kyokuto Kaihatsu Kogyo Co 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.
Kyokuto Kaihatsu Kogyo Cos Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Mar. 2023 is calculated as
Kyokuto Kaihatsu Kogyo Co'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 円6,725 Mil.
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.
Kyokuto Kaihatsu Kogyo Co Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Kyokuto Kaihatsu Kogyo Co's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Kyokuto Kaihatsu Kogyo Co (TSE:7226) Business Description
Kyokuto Kaihatsu Kogyo Co., Ltd. Is a Japan-based company which is various lines of business including specialty truck business, environmental equipment and systems and real estate rental business. It operates is business in three reportable segments namely Specialty truck business, Environmental equipment and systems business and Real estate rental business. Specialty truck business manufactures and distributes specialty trucks such as dump trucks, tailgate lifters, tank trucks, refuse trucks and trailers. Environmental equipment and systems business manufactures and distributes recycle facilities, including maintenance and consignment business. Real estate rental business manufactures multistory parking equipment and offers operating services and real estate rental services.
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