What is Kohnan Shoji Co Earnings Yield (Joel Greenblatt) %?
Kohnan Shoji Co's Enterprise Value for the quarter that ended in Nov. 2023 was 円283,668 Mil.
Kohnan Shoji Co's EBIT for the trailing twelve months (TTM) ended in Nov. 2023 was 円23,224 Mil. Kohnan Shoji Co's Earnings Yield (Joel Greenblatt) for the quarter that ended in Nov. 2023 was 8.55%.
The historical rank and industry rank for Kohnan Shoji Co's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
TSE:7516'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 2.91 Med: 8.36 Max: 12.71
Current: 7.67
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Kohnan Shoji Co was 12.71%. The lowest was 2.91%. And the median was 8.36%.
TSE:7516's Earnings Yield (Joel Greenblatt) % is ranked better than 66.94% of 1116
companies
in the Retail - Cyclical industry
Industry Median: 4.71
vs TSE:7516: 7.67
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) %. Kohnan Shoji Co's Forward Rate of Return (Yacktman) % for the quarter that ended in Nov. 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.
Kohnan Shoji Co Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Kohnan Shoji 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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Kohnan Shoji Co Earnings Yield (Joel Greenblatt) % Chart
For the Home Improvement Retail subindustry, Kohnan Shoji 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.
Kohnan Shoji Co's Earnings Yield (Joel Greenblatt) % Distribution in the Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Kohnan Shoji Co's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Kohnan Shoji Co's Earnings Yield (Joel Greenblatt) % falls into.
Kohnan Shoji 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.
Kohnan Shoji Cos Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Feb. 2024 is calculated as
Kohnan Shoji Co's EBIT for the trailing twelve months (TTM) ended in Nov. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was 円23,224 Mil.
Kohnan Shoji Co (TSE:7516) 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.
Kohnan Shoji Co Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Kohnan Shoji Co's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Kohnan Shoji Co Ltd is a Japan-based company that is principally engaged in retail of products related to home improvement, housekeeping, and automotive supplies and accessories. The company operates through three store chains with different styles: Home Center, mainly offering DIY products and household goods to improve consumers' home and life; Homestock, a small-format version of Home Center with original brands EDLP and Lifelex; and Kohnan Pro, providing tools, building materials, and working equipment for professionals. Most of the company's stores are Home Center stores.
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