What is Raubex Group Earnings Yield (Joel Greenblatt) %?
Raubex Group's Enterprise Value for the quarter that ended in Feb. 2024 was R6,162 Mil.
Raubex Group's EBIT for the trailing twelve months (TTM) ended in Feb. 2024 was R1,651 Mil. Raubex Group's Earnings Yield (Joel Greenblatt) for the quarter that ended in Feb. 2024 was 26.81%.
The historical rank and industry rank for Raubex Group's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
JSE:RBX'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 5.77 Med: 15.33 Max: 28.83
Current: 23.3
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Raubex Group was 28.83%. The lowest was 5.77%. And the median was 15.33%.
JSE:RBX's Earnings Yield (Joel Greenblatt) % is ranked better than 89.01% of 1702
companies
in the Construction industry
Industry Median: 6.39
vs JSE:RBX: 23.30
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) %. Raubex Group's Forward Rate of Return (Yacktman) % for the quarter that ended in Feb. 2024 was 23.26%. 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.
Raubex Group Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Raubex Group'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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Raubex Group Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of Raubex Group's Earnings Yield (Joel Greenblatt) %
For the Engineering & Construction subindustry, Raubex Group'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.
Raubex Group's Earnings Yield (Joel Greenblatt) % Distribution in the Construction Industry
For the Construction industry and Industrials sector, Raubex Group's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Raubex Group's Earnings Yield (Joel Greenblatt) % falls into.
Raubex Group 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.
Raubex Groups Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Feb. 2024 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.
Raubex Group (JSE:RBX) 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.
Raubex Group Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Raubex Group's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Raubex Group Ltd is a South African infrastructure development and construction materials supply group. It operates across South Africa as well as throughout southern Africa. The group consists of three divisions as follows: The materials division specializes in the supply of aggregates from commercial quarries and is a provider of materials handling and screening services to the mining industry. Roads and Earthworks Division specializes in road construction and earthworks as well as road surfacing and rehabilitation which includes the manufacturing and laying of asphalt, chip and spray, surface dressing, enrichments, and slurry seals. The infrastructure division specializes in disciplines outside the road construction sector, including energy, rail, and telecommunications.
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