What is Accelleron Industries AG Earnings Yield (Joel Greenblatt) %?
Accelleron Industries AG's Enterprise Value for the quarter that ended in Jun. 2023 was CHF2,234.6 Mil.
Accelleron Industries AG's EBIT for the trailing twelve months (TTM) ended in Jun. 2023 was CHF116.9 Mil. Accelleron Industries AG's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2023 was 0.00%.
The historical rank and industry rank for Accelleron Industries AG's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
LTS:0ACC'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 0 Med: 0 Max: 8.35
Current: 3.22
During the past 2 years, the highest Earnings Yield (Joel Greenblatt) of Accelleron Industries AG was 8.35%. The lowest was 0.00%. And the median was 0.00%.
LTS:0ACC's Earnings Yield (Joel Greenblatt) % is ranked better than 55.91% of 313
companies
in the Aerospace & Defense industry
Industry Median: 2.64
vs LTS:0ACC: 3.22
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) %. Accelleron Industries AG'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.
Accelleron Industries AG Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Accelleron Industries AG'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.
* Premium members only.
Accelleron Industries AG Earnings Yield (Joel Greenblatt) % Chart
For the Aerospace & Defense subindustry, Accelleron Industries AG'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.
Accelleron Industries AG's Earnings Yield (Joel Greenblatt) % Distribution in the Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Accelleron Industries AG's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Accelleron Industries AG's Earnings Yield (Joel Greenblatt) % falls into.
Accelleron Industries AG 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.
Accelleron Industries AGs 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.
Accelleron Industries AG (LTS:0ACC) 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.
Accelleron Industries AG Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Accelleron Industries AG's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Accelleron Industries AG (LTS:0ACC) Business Description
Accelleron Industries AG develop, produce and service turbochargers and digital solutions that make engines powerful and efficient. The company's solutions and services include Marine, Power, Oil & Gas, Rail. Its advanced products are used in a wide range of sectors including marine, energy and rail. The Company operates the business in the global turbocharger market for heavy duty 500 kilowatts and higher applications in two operating segments which are High Speed: which produces and services turbochargers with power outputs ranging from 500 to 5,000 kilowatts. High Speed turbochargers are used mainly in marine, electric power generation, oil & gas onshore and off-highway sites.Medium & Low Speed: produces and services turbochargers with power outputs from 3,000 to 30,000 kilowatts.
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