What is Aims Property Securities Fund Earnings Yield (Joel Greenblatt) %?
Aims Property Securities Fund's Enterprise Value for the quarter that ended in Dec. 2023 was A$62.01 Mil.
Aims Property Securities Fund's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was A$-1.32 Mil. Aims Property Securities Fund's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was 0.00%.
The historical rank and industry rank for Aims Property Securities Fund's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
ASX:APW'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -10.27 Med: -6.7 Max: -1.85
Current: -1.92
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Aims Property Securities Fund was -1.85%. The lowest was -10.27%. And the median was -6.70%.
ASX:APW's Earnings Yield (Joel Greenblatt) % is ranked worse than 87.24% of 901
companies
in the REITs industry
Industry Median: 2.79
vs ASX:APW: -1.92
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) %. Aims Property Securities Fund's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 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.
Aims Property Securities Fund 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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Aims Property Securities Fund Earnings Yield (Joel Greenblatt) % Chart
For the REIT - Diversified subindustry, Aims Property Securities Fund'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.
Aims Property Securities Fund's Earnings Yield (Joel Greenblatt) % Distribution in the REITs Industry
For the REITs industry and Real Estate sector, Aims Property Securities Fund's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Aims Property Securities Fund's Earnings Yield (Joel Greenblatt) % falls into.
Aims Property Securities Fund 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.
Aims Property Securities Funds Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Jun. 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.
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.
Aims Property Securities Fund Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Aims Property Securities Fund's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Aims Property Securities Fund (ASX:APW) Business Description
Aims Property Securities Fund operates as a real estate securities fund. It invests in listed property trusts, unlisted property trusts, and listed property-related companies, and cash and fixed interest securities. The company manages property and mortgage funds. The investment objective of the fund is to provide investors with regular quarterly income and the potential for long-term capital growth. The company holds investments in a portfolio of property-related securities diversified by property sectors, geographic locations, and fund managers.
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