What is Philippine Estates Earnings Yield (Joel Greenblatt) %?
Philippine Estates's Enterprise Value for the quarter that ended in Mar. 2024 was ₱1,083.2 Mil.
Philippine Estates's EBIT for the trailing twelve months (TTM) ended in Mar. 2024 was ₱95.5 Mil. Philippine Estates's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2024 was 8.82%.
The historical rank and industry rank for Philippine Estates's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
PHS:PHES'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 0.92 Med: 5.32 Max: 11.57
Current: 8.94
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Philippine Estates was 11.57%. The lowest was 0.92%. And the median was 5.32%.
PHS:PHES's Earnings Yield (Joel Greenblatt) % is ranked better than 71.95% of 1847
companies
in the Real Estate industry
Industry Median: 4.15
vs PHS:PHES: 8.94
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) %. Philippine Estates's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 2024 was -23.36%. 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.
Philippine Estates Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Philippine Estates'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 Philippine Estates's Earnings Yield (Joel Greenblatt) %
For the Real Estate Services subindustry, Philippine Estates'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.
Philippine Estates's Earnings Yield (Joel Greenblatt) % Distribution in the Real Estate Industry
For the Real Estate industry and Real Estate sector, Philippine Estates's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Philippine Estates'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.
Philippine Estatess Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as
Philippine Estates's EBIT for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ₱95.5 Mil.
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.
Philippine Estates Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Philippine Estates's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Philippine Estates (PHS:PHES) Business Description
Philippine Estates Corporation is a real estate company engaged in the business of holding and developing real estate properties or other properties. Its segments include Metro Manila, which includes an industrial park and condominium projects; Other Luzon Areas such as Bulacan, Cavite-subdivision development; Cebu includes subdivision, mixed-use, and condominium projects; Iloilo includes subdivision, mixed-use, and condominium projects; and Davao, which includes an administrative office. It offers real estate properties for industrial, commercial, residential, and leisure or sports purposes. The group derives key revenue from Cebu and Iloilo business segments.
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