What is Activia Properties Earnings Yield (Joel Greenblatt) %?
Activia Properties's Enterprise Value for the quarter that ended in May. 2023 was 円566,431 Mil.
Activia Properties's EBIT for the trailing twelve months (TTM) ended in May. 2023 was 円18,304 Mil. Activia Properties's Earnings Yield (Joel Greenblatt) for the quarter that ended in May. 2023 was 0.00%.
The historical rank and industry rank for Activia Properties's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
TSE:3279'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 2.26 Med: 2.76 Max: 4.14
Current: 3.26
During the past 11 years, the highest Earnings Yield (Joel Greenblatt) of Activia Properties was 4.14%. The lowest was 2.26%. And the median was 2.76%.
TSE:3279's Earnings Yield (Joel Greenblatt) % is ranked better than 55.6% of 901
companies
in the REITs industry
Industry Median: 2.78
vs TSE:3279: 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) %. Activia Properties's Forward Rate of Return (Yacktman) % for the quarter that ended in May. 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.
Activia Properties Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Activia Properties'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 Activia Properties's Earnings Yield (Joel Greenblatt) %
For the REIT - Diversified subindustry, Activia Properties'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.
Activia Properties's Earnings Yield (Joel Greenblatt) % Distribution in the REITs Industry
For the REITs industry and Real Estate sector, Activia Properties's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Activia Properties'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.
Activia Propertiess Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Nov. 2022 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.
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.
Activia Properties Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Activia Properties's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Activia Properties (TSE:3279) Business Description
Activia Properties Inc, or API, is a Japanese real estate investment trust principally involved in the ownership of properties in the Greater Tokyo area. Most of these properties are either urban retail units near major train stations, corporate office properties, or other popular areas in Tokyo. API derives the vast majority of its income in the form of rental revenue from its real estate holdings. Its urban retail properties encompass the larger overall share of these holdings. The company's major tenants include the Tokyu Land Corporation, a Japanese railway operator. Tokyu Land Corp is also the controlling shareholder of the firm that works with Activia through an asset management agreement, TLC Activia Investment Management Inc.
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