What is Ramsay Health Care Earnings Yield (Joel Greenblatt) %?
Ramsay Health Care's Enterprise Value for the quarter that ended in Dec. 2023 was A$23,701 Mil.
Ramsay Health Care's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was A$732 Mil. Ramsay Health Care's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was 0.00%.
The historical rank and industry rank for Ramsay Health Care's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
ASX:RHC'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 2.41 Med: 4.49 Max: 6.44
Current: 3.22
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Ramsay Health Care was 6.44%. The lowest was 2.41%. And the median was 4.49%.
ASX:RHC's Earnings Yield (Joel Greenblatt) % is ranked better than 54.48% of 681
companies
in the Healthcare Providers & Services industry
Industry Median: 2.54
vs ASX:RHC: 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) %. Ramsay Health Care'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.
Ramsay Health Care Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Ramsay Health Care'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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Ramsay Health Care Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of Ramsay Health Care's Earnings Yield (Joel Greenblatt) %
For the Medical Care Facilities subindustry, Ramsay Health Care'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.
Ramsay Health Care's Earnings Yield (Joel Greenblatt) % Distribution in the Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, Ramsay Health Care's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Ramsay Health Care's Earnings Yield (Joel Greenblatt) % falls into.
Ramsay Health Care 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.
Ramsay Health Cares 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.
Ramsay Health Care (ASX:RHC) 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.
Ramsay Health Care Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Ramsay Health Care's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Ramsay Health Care is one of the largest private healthcare providers in the world, with over 460 facilities across 10 countries. The key markets in which it operates are Australia, France, the U.K., and Sweden. It is the largest private hospital group in each of these markets except for the U.K. where it ranks fifth. Ramsay Sante, which operates the European regions other than the U.K., is a 52.5%-owned subsidiary of Ramsay Health Care. The company typically earns about 60% of consolidated earnings in Australia and 30% in France. Ramsay Health Care undertakes both private and publicly funded healthcare.
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