What is Pick N Pay Stores Earnings Yield (Joel Greenblatt) %?
Pick N Pay Stores's Enterprise Value for the quarter that ended in Feb. 2024 was R35,200 Mil.
Pick N Pay Stores's EBIT for the trailing twelve months (TTM) ended in Feb. 2024 was R-1,704 Mil. Pick N Pay Stores's Earnings Yield (Joel Greenblatt) for the quarter that ended in Feb. 2024 was -4.84%.
The historical rank and industry rank for Pick N Pay Stores's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
JSE:PIK'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -5.08 Med: 5.61 Max: 12.29
Current: -4.5
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Pick N Pay Stores was 12.29%. The lowest was -5.08%. And the median was 5.61%.
JSE:PIK's Earnings Yield (Joel Greenblatt) % is ranked better than 56.98% of 1118
companies
in the Retail - Cyclical industry
Industry Median: 4.905
vs JSE:PIK: -4.50
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) %. Pick N Pay Stores's Forward Rate of Return (Yacktman) % for the quarter that ended in Feb. 2024 was -4.79%. 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.
Pick N Pay Stores Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Pick N Pay Stores'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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Pick N Pay Stores Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of Pick N Pay Stores's Earnings Yield (Joel Greenblatt) %
For the Department Stores subindustry, Pick N Pay Stores'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.
Pick N Pay Stores's Earnings Yield (Joel Greenblatt) % Distribution in the Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Pick N Pay Stores's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Pick N Pay Stores's Earnings Yield (Joel Greenblatt) % falls into.
Pick N Pay Stores 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.
Pick N Pay Storess Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Feb. 2024 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.
Pick N Pay Stores Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Pick N Pay Stores's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Pick N Pay Stores Ltd is a South African multiformat and multichannel retailer. The company operates in South Africa, Namibia, Botswana, Zambia, Mozambique, Mauritius, Swaziland, and Lesotho. The company offers food and groceries, clothing, general merchandise, and services across multiple store formats, both franchised and owned. The customer base is mainly represented by middle-income South African consumer. The portfolio of stores is composed of supermarkets, hypermarkets, local shops, express shops, clothing shops, liquor stores, pharmacies, and an Internet shopping platform.
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