What is Shibaura Machine Co Earnings Yield (Joel Greenblatt) %?
Shibaura Machine Co's Enterprise Value for the quarter that ended in Dec. 2023 was 円46,863 Mil.
Shibaura Machine Co's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was 円25,522 Mil. Shibaura Machine Co's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was 54.35%.
The historical rank and industry rank for Shibaura Machine Co's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
TSE:6104'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 0.9 Med: 13.53 Max: 96.25
Current: 55.72
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Shibaura Machine Co was 96.25%. The lowest was 0.90%. And the median was 13.53%.
TSE:6104's Earnings Yield (Joel Greenblatt) % is ranked better than 98.06% of 3044
companies
in the Industrial Products industry
Industry Median: 4.17
vs TSE:6104: 55.72
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) %. Shibaura Machine Co'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.
Shibaura Machine Co Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Shibaura Machine 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.
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Shibaura Machine Co Earnings Yield (Joel Greenblatt) % Chart
For the Specialty Industrial Machinery subindustry, Shibaura Machine 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.
Shibaura Machine Co's Earnings Yield (Joel Greenblatt) % Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Shibaura Machine Co's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Shibaura Machine Co's Earnings Yield (Joel Greenblatt) % falls into.
Shibaura Machine 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.
Shibaura Machine Cos Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Mar. 2024 is calculated as
Shibaura Machine Co'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 円25,522 Mil.
Shibaura Machine Co (TSE:6104) 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.
Shibaura Machine Co Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Shibaura Machine Co's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Shibaura Machine Co (TSE:6104) Business Description
Shibaura Machine is engaged in manufacturing and distribution of molding machineries and machine tools. The business of the company is divided into two segments: molding machinery and machine tools. The company's product portfolio comprises injection molding machines, die-casting machines, plastic extrusion, large-size machine tools, portal-type machine tools, machining centers, horizontal boring machines, and high-precision machines, among others. The company's products are used in manufacturing of computers, automobile engines, transmissions, medical products, high-precision lenses, displays, construction machines, and wind power generation. A vast majority of the company's revenue is generated by the molding machinery segment, and the company earns most of its revenue in Japan.
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