What is Custodian Investment Earnings Yield (Joel Greenblatt) %?
Custodian Investment's Enterprise Value for the quarter that ended in Sep. 2023 was ₦33,757 Mil.
Custodian Investment's EBIT for the trailing twelve months (TTM) ended in Sep. 2023 was ₦20,629 Mil. Custodian Investment's Earnings Yield (Joel Greenblatt) for the quarter that ended in Sep. 2023 was 60.98%.
The historical rank and industry rank for Custodian Investment's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
NSA:CUSTODIAN'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -468.95 Med: 40.33 Max: 976.93
Current: 57.85
During the past 11 years, the highest Earnings Yield (Joel Greenblatt) of Custodian Investment was 976.93%. The lowest was -468.95%. And the median was 40.33%.
NSA:CUSTODIAN's Earnings Yield (Joel Greenblatt) % is ranked better than 95.56% of 496
companies
in the Insurance industry
Industry Median: 6.105
vs NSA:CUSTODIAN: 57.85
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) %. Custodian Investment's Forward Rate of Return (Yacktman) % for the quarter that ended in Sep. 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.
Custodian Investment Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Custodian Investment'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.
Competitive Comparison of Custodian Investment's Earnings Yield (Joel Greenblatt) %
For the Insurance - Diversified subindustry, Custodian Investment'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.
Custodian Investment's Earnings Yield (Joel Greenblatt) % Distribution in the Insurance Industry
For the Insurance industry and Financial Services sector, Custodian Investment's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Custodian Investment's Earnings Yield (Joel Greenblatt) % falls into.
In his book, The Little That Beat the Market, hedge fund manager Joel Greenblatt defines Earnings Yield as operating income divided by enterprise value.
Custodian Investments Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2022 is calculated as
Custodian Investment's EBIT for the trailing twelve months (TTM) ended in Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was ₦20,629 Mil.
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.
Custodian Investment Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Custodian Investment's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Custodian Investment (NSA:CUSTODIAN) Business Description
Custodian Investment PLC is an investment holding company in Nigeria. It operates in five segments. In the Non-life business segment, it offers insurance products like engineering, aviation, marine liability, motor liability, oil and energy, fire, and property for personal and corporate customers. In the Life business segment, it offers life insurance products including annuity, endowment, and investment-oriented products. The pension administration segment includes the administration and management of the retirement benefits of members. Trustees and others segment includes trustee management and corporate services. A vast majority of revenues is received from the non-life business segment within Nigeria.
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