What is Saibu Gas Holdings Co Earnings Yield (Joel Greenblatt) %?
Saibu Gas Holdings Co's Enterprise Value for the quarter that ended in Dec. 2023 was 円295,041 Mil.
Saibu Gas Holdings Co's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was 円11,001 Mil. Saibu Gas Holdings Co's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was 3.97%.
The historical rank and industry rank for Saibu Gas Holdings Co's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
TSE:9536'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 0.24 Med: 3.24 Max: 7.26
Current: 3.85
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Saibu Gas Holdings Co was 7.26%. The lowest was 0.24%. And the median was 3.24%.
TSE:9536's Earnings Yield (Joel Greenblatt) % is ranked worse than 76.34% of 524
companies
in the Utilities - Regulated industry
Industry Median: 6.605
vs TSE:9536: 3.85
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) %. Saibu Gas Holdings 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.
Saibu Gas Holdings Co Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Saibu Gas Holdings 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.
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Saibu Gas Holdings Co Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of Saibu Gas Holdings Co's Earnings Yield (Joel Greenblatt) %
For the Utilities - Regulated Gas subindustry, Saibu Gas Holdings 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.
Saibu Gas Holdings Co's Earnings Yield (Joel Greenblatt) % Distribution in the Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Saibu Gas Holdings Co's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Saibu Gas Holdings Co's Earnings Yield (Joel Greenblatt) % falls into.
Saibu Gas Holdings 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.
Saibu Gas Holdings Cos Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Mar. 2024 is calculated as
Saibu Gas Holdings 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11,001 Mil.
Saibu Gas Holdings Co (TSE:9536) 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.
Saibu Gas Holdings Co Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Saibu Gas Holdings Co's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Saibu Gas Holdings Co (TSE:9536) Business Description
Saibu Gas Holdings Co Ltd is a Japanese natural gas utility that produces, supplies, and sells natural gas and petroleum products. The company segments its operations into gas, liquefied petroleum gas, real estate, and "other" business units. The company primarily distributes and sells natural gas and LPG in the Fukuoka and Kitakyushu areas in the northern part of the Japanese island of Kyushu. Saibu sells gas and liquefied natural gas products to a variety of utility and industrial customers through long-term agreements. The company also is involved in the heating, gas equipment, and photovoltaic power generation business through its other activities.
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