What is Acanthe Developpement Earnings Yield (Joel Greenblatt) %?
Acanthe Developpement's Enterprise Value for the quarter that ended in Dec. 2023 was €49.66 Mil.
Acanthe Developpement's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was €-11.69 Mil. Acanthe Developpement's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was -23.53%.
The historical rank and industry rank for Acanthe Developpement's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
XPAR:ACAN'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -24.57 Med: 13.4 Max: 118.71
Current: -21.28
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Acanthe Developpement was 118.71%. The lowest was -24.57%. And the median was 13.40%.
XPAR:ACAN's Earnings Yield (Joel Greenblatt) % is ranked worse than 97.79% of 903
companies
in the REITs industry
Industry Median: 2.79
vs XPAR:ACAN: -21.28
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) %. Acanthe Developpement'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.
Acanthe Developpement Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Acanthe Developpement'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.
Competitive Comparison of Acanthe Developpement's Earnings Yield (Joel Greenblatt) %
For the REIT - Office subindustry, Acanthe Developpement'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.
Acanthe Developpement's Earnings Yield (Joel Greenblatt) % Distribution in the REITs Industry
For the REITs industry and Real Estate sector, Acanthe Developpement's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Acanthe Developpement's Earnings Yield (Joel Greenblatt) % falls into.
In his book, The Little That Beat the Market, hedge fund manager Joel Greenblatt defines Earnings Yield as operating income divided by enterprise value.
Acanthe Developpements Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as
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.
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.
Acanthe Developpement Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Acanthe Developpement's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Acanthe Developpement (XPAR:ACAN) Business Description
Acanthe Developpement SA is a European property company. Acanthe owns a property portfolio mainly located in the central business district of Paris. The company is organized into four principal operating segments Office Space, Commercial Premises, Hotels, and Residential. It has an operational presence in Belgium and France. All of the company's revenue is generated in the real estate sector in France and Brussels.
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