What is Metropole Television Earnings Yield (Joel Greenblatt) %?
Metropole Television's Enterprise Value for the quarter that ended in Dec. 2023 was €1,357 Mil.
Metropole Television's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was €328 Mil. Metropole Television's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was 24.21%.
The historical rank and industry rank for Metropole Television's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
XPAR:MMT'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 8.27 Med: 14.29 Max: 32.66
Current: 23.98
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Metropole Television was 32.66%. The lowest was 8.27%. And the median was 14.29%.
XPAR:MMT's Earnings Yield (Joel Greenblatt) % is ranked better than 89.9% of 1050
companies
in the Media - Diversified industry
Industry Median: 2.915
vs XPAR:MMT: 23.98
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) %. Metropole Television's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2023 was 13.53%. 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.
Metropole Television Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Metropole Television'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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Metropole Television Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of Metropole Television's Earnings Yield (Joel Greenblatt) %
For the Broadcasting subindustry, Metropole Television'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.
Metropole Television's Earnings Yield (Joel Greenblatt) % Distribution in the Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, Metropole Television's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Metropole Television's Earnings Yield (Joel Greenblatt) % falls into.
Metropole Television 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.
Metropole Televisions 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.
Metropole Television (XPAR:MMT) 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.
Metropole Television Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Metropole Television's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Metropole Television (XPAR:MMT) Business Description
Metropole Television SA is a media holding company that owns several television channels, magazines, publications, and movie production firms. Metropole Television SA's flagship channel is M6, a multimedia television network that displays a wide variety of content and includes dramas, news, comedies, films, and documentaries. Furthermore, Metropole owns production houses and operates digital content publications. The company generates the vast majority of its revenue from France. The RTL Group owns Metropole Television SA.
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