What is JE Cleantech Holdings Earnings Yield (Joel Greenblatt) %?
JE Cleantech Holdings's Enterprise Value for the quarter that ended in Dec. 2023 was €9.68 Mil.
JE Cleantech Holdings's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was €0.00 Mil. JE Cleantech Holdings's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was 12.05%.
The historical rank and industry rank for JE Cleantech Holdings's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
During the past 5 years, the highest Earnings Yield (Joel Greenblatt) of JE Cleantech Holdings was 14.27%. The lowest was 0.05%. And the median was 4.66%.
STU:XN60's Earnings Yield (Joel Greenblatt) % is not ranked *
in the Industrial Products industry.
Industry Median: 4.295 * Ranked among companies with meaningful Earnings Yield (Joel Greenblatt) % only.
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) %. JE Cleantech Holdings'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.
JE Cleantech Holdings Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for JE Cleantech Holdings'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.
* Premium members only.
JE Cleantech Holdings Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of JE Cleantech Holdings's Earnings Yield (Joel Greenblatt) %
For the Specialty Industrial Machinery subindustry, JE Cleantech Holdings'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.
JE Cleantech Holdings's Earnings Yield (Joel Greenblatt) % Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, JE Cleantech Holdings's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where JE Cleantech Holdings's Earnings Yield (Joel Greenblatt) % falls into.
JE Cleantech Holdings 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.
JE Cleantech Holdingss Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as
JE Cleantech Holdings's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was €0.00 Mil.
JE Cleantech Holdings (STU:XN60) 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.
JE Cleantech Holdings Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of JE Cleantech Holdings's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
JE Cleantech Holdings (STU:XN60) Business Description
JE Cleantech Holdings Ltd is engaged in the manufacturing and selling of cleaning systems and other equipment that can be categorized into four different categories, namely aqueous washing systems, plating and cleaning systems, train cleaning systems, and other equipment, such as filtration units. The product lives of its cleaning systems and other equipment range from two to ten years. The company is also into designing, developing, and manufacturing other cleaning systems for various industrial end-use applications using its R&D and engineering capabilities. It derives a majority of its revenue from Singapore.
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