The historical rank and industry rank for China Boqi Environmental (Holding) Co's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
HKSE:02377'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 0.59 Med: 54.97 Max: 791.48
Current: 102.04
During the past 10 years, the highest Earnings Yield (Joel Greenblatt) of China Boqi Environmental (Holding) Co was 791.48%. The lowest was 0.59%. And the median was 54.97%.
HKSE:02377's Earnings Yield (Joel Greenblatt) % is ranked better than 99.01% of 3039
companies
in the Industrial Products industry
Industry Median: 4.14
vs HKSE:02377: 102.04
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) %. China Boqi Environmental (Holding) Co's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2023 was -19.62%. 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.
China Boqi Environmental (Holding) Co 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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China Boqi Environmental (Holding) Co Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of China Boqi Environmental (Holding) Co's Earnings Yield (Joel Greenblatt) %
For the Pollution & Treatment Controls subindustry, China Boqi Environmental (Holding) Co'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.
China Boqi Environmental (Holding) Co's Earnings Yield (Joel Greenblatt) % Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, China Boqi Environmental (Holding) Co's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where China Boqi Environmental (Holding) Co's Earnings Yield (Joel Greenblatt) % falls into.
China Boqi Environmental (Holding) Co 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.
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.
China Boqi Environmental (Holding) Co (HKSE:02377) 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.
China Boqi Environmental (Holding) Co Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of China Boqi Environmental (Holding) Co's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
China Boqi Environmental (Holding) Co (HKSE:02377) Business Description
China Boqi Environmental (Holding) Co Ltd is an investment holding company. It operates in four segments: Environmental protection facilities, mainly including EPC, which consists of project design, procurement of equipment and materials, project construction and equipment installment, and testing services; Operation & maintenance segment comprises of operation service and regular maintenance service for desulfurization and denitrification facilities and dust removal facilities; Concession operations segment includes the construction of infrastructure or acquisition of existing infrastructure from the grantor and operation and maintenance of flue gas treatment project; and Others segment consists of the sale of by-products and others. The group primarily operates in the PRC.
China Boqi Environmental (Holding) Co (HKSE:02377) Headlines
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