What is Niterra Co Earnings Yield (Joel Greenblatt) %?
Niterra Co's Enterprise Value for the quarter that ended in Mar. 2024 was 円994,882 Mil.
Niterra Co's EBIT for the trailing twelve months (TTM) ended in Mar. 2024 was 円124,633 Mil. Niterra Co's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2024 was 12.12%.
The historical rank and industry rank for Niterra Co's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
TSE:5334'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 6.53 Med: 10.82 Max: 24.8
Current: 13.86
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Niterra Co was 24.80%. The lowest was 6.53%. And the median was 10.82%.
TSE:5334's Earnings Yield (Joel Greenblatt) % is ranked better than 79.71% of 1311
companies
in the Vehicles & Parts industry
Industry Median: 6.03
vs TSE:5334: 13.86
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) %. Niterra Co's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 2024 was 22.40%. 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.
Niterra Co Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Niterra 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.
Niterra Co Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of Niterra Co's Earnings Yield (Joel Greenblatt) %
For the Auto Parts subindustry, Niterra 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.
Niterra Co's Earnings Yield (Joel Greenblatt) % Distribution in the Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Niterra Co's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Niterra Co's Earnings Yield (Joel Greenblatt) % falls into.
Niterra 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.
Niterra Cos Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Mar. 2024 is calculated as
Niterra 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 円124,633 Mil.
Niterra Co (TSE:5334) 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.
Niterra Co Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Niterra Co's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Niterra Co Ltd is a producer of spark plugs for internal combustion engines in the automotive industry and various ceramic products and tools. Under its two brands NGK Spark Plugs and NTK Technical Ceramics, the company produces spark plugs, glow plugs, sensors, semiconductor packages, cutting tools, medical products, and fine ceramics. NGK's largest end markets are Asia including Japan, North America, and Europe. The company produces in Japan and Brazil, while subsidiaries across the globe assemble and sell parts in their respective regions. The automotive components division generates the lion's share of sales for NGK Spark Plug.
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