What is Kelly Partners Group Holdings Earnings Yield (Joel Greenblatt) %?
Kelly Partners Group Holdings's Enterprise Value for the quarter that ended in Dec. 2023 was A$319.14 Mil.
Kelly Partners Group Holdings's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was A$17.16 Mil. Kelly Partners Group Holdings's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was 0.00%.
The historical rank and industry rank for Kelly Partners Group Holdings's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
ASX:KPG'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 2.66 Med: 6.92 Max: 23.46
Current: 4.51
During the past 7 years, the highest Earnings Yield (Joel Greenblatt) of Kelly Partners Group Holdings was 23.46%. The lowest was 2.66%. And the median was 6.92%.
ASX:KPG's Earnings Yield (Joel Greenblatt) % is ranked worse than 56.74% of 1112
companies
in the Business Services industry
Industry Median: 5.485
vs ASX:KPG: 4.51
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) %. Kelly Partners Group Holdings'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.
Kelly Partners Group Holdings 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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Kelly Partners Group Holdings Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of Kelly Partners Group Holdings's Earnings Yield (Joel Greenblatt) %
For the Specialty Business Services subindustry, Kelly Partners Group Holdings'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.
Kelly Partners Group Holdings's Earnings Yield (Joel Greenblatt) % Distribution in the Business Services Industry
For the Business Services industry and Industrials sector, Kelly Partners Group Holdings's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Kelly Partners Group Holdings's Earnings Yield (Joel Greenblatt) % falls into.
Kelly Partners Group Holdings 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.
Kelly Partners Group Holdingss 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.
Kelly Partners Group Holdings (ASX:KPG) 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.
Kelly Partners Group Holdings Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Kelly Partners Group Holdings's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Kelly Partners Group Holdings (ASX:KPG) Business Description
Kelly Partners Group Holdings Ltd operates a chartered accounting business which assists small and medium enterprises, private business owners and high net worth individuals to manage their accounting, taxation, audit, and wealth management activities. The company's operating segment include Accounting and Other services. It generates maximum revenue from the Accounting segment. The Accounting segment includes accounting and taxation services, corporate secretarial, outsourced CFO, audits, business structuring, bookkeeping, and all other accounting related services. Other services segment includes financial broking services, wealth management, corporate advisory, investment office, and all other non-accounting services.
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