What is Konecranes Oyj Earnings Yield (Joel Greenblatt) %?
Konecranes Oyj's Enterprise Value for the quarter that ended in Mar. 2024 was €4,141 Mil.
Konecranes Oyj's EBIT for the trailing twelve months (TTM) ended in Mar. 2024 was €420 Mil. Konecranes Oyj's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2024 was 10.13%.
The historical rank and industry rank for Konecranes Oyj's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
OHEL:KCR'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 3.46 Med: 6.18 Max: 12.41
Current: 9.02
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Konecranes Oyj was 12.41%. The lowest was 3.46%. And the median was 6.18%.
OHEL:KCR's Earnings Yield (Joel Greenblatt) % is ranked better than 63.16% of 209
companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 7.31
vs OHEL:KCR: 9.02
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) %. Konecranes Oyj's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 2024 was 17.76%. 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.
Konecranes Oyj Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Konecranes Oyj'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 Konecranes Oyj's Earnings Yield (Joel Greenblatt) %
For the Farm & Heavy Construction Machinery subindustry, Konecranes Oyj'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.
Konecranes Oyj's Earnings Yield (Joel Greenblatt) % Distribution in the Farm & Heavy Construction Machinery Industry
For the Farm & Heavy Construction Machinery industry and Industrials sector, Konecranes Oyj's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Konecranes Oyj'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.
Konecranes Oyjs Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as
Konecranes Oyj's EBIT for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €420 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.
Konecranes Oyj Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Konecranes Oyj's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Konecranes Oyj provides lifting equipment and services for manufacturing industries, shipyards, ports, and terminals. It offers cranes, material handling solutions, and other components geared toward transporting and organizing supplies. Workstation lifting systems, trucks, and various hoists include advanced technologies to increase control and equipment capabilities. Products are marketed through various brands, and sales offices are in multiple regions. The company's global service network provides a full range of service solutions, specialized maintenance, and modernization services for equipment and tools. Inspections, spare parts, and preventive maintenance programs enhance efficiencies and extend product lifecycles.
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