What is IEIT Systems Co Earnings Yield (Joel Greenblatt) %?
IEIT Systems Co's Enterprise Value for the quarter that ended in Mar. 2024 was ¥67,884 Mil.
IEIT Systems Co's EBIT for the trailing twelve months (TTM) ended in Mar. 2024 was ¥2,033 Mil. IEIT Systems Co's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2024 was 2.99%.
The historical rank and industry rank for IEIT Systems Co's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
SZSE:000977'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 1.32 Med: 3.08 Max: 8.56
Current: 3.26
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of IEIT Systems Co was 8.56%. The lowest was 1.32%. And the median was 3.08%.
SZSE:000977's Earnings Yield (Joel Greenblatt) % is ranked better than 50.56% of 2478
companies
in the Hardware industry
Industry Median: 3.17
vs SZSE:000977: 3.26
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) %. IEIT Systems Co's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 2024 was 6.73%. 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.
IEIT Systems Co Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for IEIT Systems Co'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.
IEIT Systems Co Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of IEIT Systems Co's Earnings Yield (Joel Greenblatt) %
For the Computer Hardware subindustry, IEIT Systems 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.
IEIT Systems Co's Earnings Yield (Joel Greenblatt) % Distribution in the Hardware Industry
For the Hardware industry and Technology sector, IEIT Systems Co's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where IEIT Systems Co's Earnings Yield (Joel Greenblatt) % falls into.
IEIT Systems 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.
IEIT Systems Cos Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as
IEIT Systems Co'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 ¥2,033 Mil.
IEIT Systems Co (SZSE:000977) 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.
IEIT Systems Co Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of IEIT Systems Co's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
IEIT Systems Co (SZSE:000977) Business Description
IEIT Systems Co Ltd formerly Inspur Electronic Information Industry Co Ltd is a China-based cloud computing, big data service provider. It is engaged in providing cloud computing solutions and services at IaaS, PaaS and SaaS levels. Its products include rack servers, blade systems, mission-critical systems, storage devices, mainframe security products and others. The company assists customers to build platforms underpinned by cloud computing infrastructure and based on its information software for governments, enterprises, and industries, terminal products, and solutions, the company support governments, enterprises, and industries in cloud construction. The company ships its IT products and services internationally.
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