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Retail Partners Co (TSE:8167) Earnings Yield (Joel Greenblatt) % : 9.27% (As of Nov. 2023)


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What is Retail Partners Co Earnings Yield (Joel Greenblatt) %?

Retail Partners Co's Enterprise Value for the quarter that ended in Nov. 2023 was 円67,990 Mil. Retail Partners Co's EBIT for the trailing twelve months (TTM) ended in Nov. 2023 was 円6,983 Mil. Retail Partners Co's Earnings Yield (Joel Greenblatt) for the quarter that ended in Nov. 2023 was 9.27%.

The historical rank and industry rank for Retail Partners Co's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:

TSE:8167' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 3.77   Med: 12   Max: 69.74
Current: 10.72

During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Retail Partners Co was 69.74%. The lowest was 3.77%. And the median was 12.00%.

TSE:8167's Earnings Yield (Joel Greenblatt) % is ranked better than
72.96% of 318 companies
in the Retail - Defensive industry
Industry Median: 6.265 vs TSE:8167: 10.72

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) %. Retail Partners 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.


Retail Partners Co Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for Retail Partners 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.

Retail Partners Co Earnings Yield (Joel Greenblatt) % Chart

Retail Partners Co Annual Data
Trend Feb15 Feb16 Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24
Earnings Yield (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 14.33 15.08 10.04 9.18 10.46

Retail Partners Co Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
Earnings Yield (Joel Greenblatt) % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 9.18 8.66 9.87 9.27 -

Competitive Comparison of Retail Partners Co's Earnings Yield (Joel Greenblatt) %

For the Grocery Stores subindustry, Retail Partners 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.


Retail Partners Co's Earnings Yield (Joel Greenblatt) % Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Retail Partners Co's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Retail Partners Co's Earnings Yield (Joel Greenblatt) % falls into.



Retail Partners 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.

Retail Partners Cos Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Feb. 2024 is calculated as

Earnings Yield (Joel Greenblatt)=EBIT/Enterprise Value
=6983.167/66756.6724
=10.46 %

Retail Partners 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6,983 Mil.



Retail Partners Co  (TSE:8167) 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.

Forward Rate of Return (Yacktman) % based on Don Yacktman's definition is a better measure of the expected rate of return for a stock.


Retail Partners Co Earnings Yield (Joel Greenblatt) % Related Terms

Thank you for viewing the detailed overview of Retail Partners Co's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.


Retail Partners Co (TSE:8167) Business Description

Traded in Other Exchanges
N/A
Address
1936, Yamaguchi Prefecture, Hofu, JPN, 747-8509
Retail Partners Co Ltd is a Japan-based company engaged in the operation of regional supermarket chain. It is involved in the business activity of retail trading of food products, housing-related products, and clothing items, among others.

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