What is Neusoft Education Technology Co Earnings Yield (Joel Greenblatt) %?
Neusoft Education Technology Co's Enterprise Value for the quarter that ended in Jun. 2023 was HK$3,651 Mil.
Neusoft Education Technology Co's EBIT for the trailing twelve months (TTM) ended in Jun. 2023 was HK$746 Mil. Neusoft Education Technology Co's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2023 was 0.00%.
The historical rank and industry rank for Neusoft Education Technology Co's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
HKSE:09616'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 5.39 Med: 14.75 Max: 27.04
Current: 23.7
During the past 7 years, the highest Earnings Yield (Joel Greenblatt) of Neusoft Education Technology Co was 27.04%. The lowest was 5.39%. And the median was 14.75%.
HKSE:09616's Earnings Yield (Joel Greenblatt) % is ranked better than 87.59% of 266
companies
in the Education industry
Industry Median: 5.745
vs HKSE:09616: 23.70
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) %. Neusoft Education Technology Co's Forward Rate of Return (Yacktman) % for the quarter that ended in Jun. 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.
Neusoft Education Technology Co Earnings Yield (Joel Greenblatt) % Historical Data
* 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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Neusoft Education Technology Co Earnings Yield (Joel Greenblatt) % Chart
For the Education & Training Services subindustry, Neusoft Education Technology 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.
Neusoft Education Technology Co's Earnings Yield (Joel Greenblatt) % Distribution in the Education Industry
For the Education industry and Consumer Defensive sector, Neusoft Education Technology Co's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Neusoft Education Technology Co's Earnings Yield (Joel Greenblatt) % falls into.
Neusoft Education Technology 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.
Neusoft Education Technology Cos Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2022 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.
Neusoft Education Technology Co Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Neusoft Education Technology Co's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Neusoft Education Technology Co (HKSE:09616) Business Description
Neusoft Education Technology Co Ltd is a China-based investment holding company principally engaged in providing full-time formal higher education services, continuing education services, as well as education resources and apprenticeship programmes. Its full-time formal higher education services and continuing education services are operated by three universities and eight training schools. Its education resources and apprenticeship programme are offered by Dalian Education and a few of its subsidiaries, such as Shanghai Ruixiang and Tianjin Ruidao. Its full-time formal higher education services consist of bachelor's degree programmes, junior college diploma programmes, and junior college to bachelor degree transfer programmes.
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