What is Subaru Enterprise Co Earnings Yield (Joel Greenblatt) %?
Subaru Enterprise Co's Enterprise Value for the quarter that ended in Jan. 2024 was 円27,561 Mil.
Subaru Enterprise Co's EBIT for the trailing twelve months (TTM) ended in Jan. 2024 was 円4,900 Mil. Subaru Enterprise Co's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jan. 2024 was 17.79%.
The historical rank and industry rank for Subaru Enterprise Co's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
TSE:9632'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 16.69 Med: 40.38 Max: 159.65
Current: 21.11
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Subaru Enterprise Co was 159.65%. The lowest was 16.69%. And the median was 40.38%.
TSE:9632's Earnings Yield (Joel Greenblatt) % is ranked better than 89.65% of 1111
companies
in the Business Services industry
Industry Median: 5.63
vs TSE:9632: 21.11
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) %. Subaru Enterprise Co's Forward Rate of Return (Yacktman) % for the quarter that ended in Jan. 2024 was 11.27%. 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.
Subaru Enterprise Co Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Subaru Enterprise 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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Subaru Enterprise Co Earnings Yield (Joel Greenblatt) % Chart
For the Specialty Business Services subindustry, Subaru Enterprise 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.
Subaru Enterprise Co's Earnings Yield (Joel Greenblatt) % Distribution in the Business Services Industry
For the Business Services industry and Industrials sector, Subaru Enterprise Co's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Subaru Enterprise Co's Earnings Yield (Joel Greenblatt) % falls into.
Subaru Enterprise 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.
Subaru Enterprise Cos Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Jan. 2024 is calculated as
Subaru Enterprise Co's EBIT for the trailing twelve months (TTM) ended in Jan. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was 円4,900 Mil.
Subaru Enterprise Co (TSE:9632) 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.
Subaru Enterprise Co Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Subaru Enterprise Co's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Subaru Enterprise Co (TSE:9632) Business Description
Subaru Enterprise Co Ltd is a Japan-based company. Its business is divided into Road related business, Leisure business and Real estate business. Road related business offers maintenance and cleaning of road and road incidental facilities, contracting repair work, contract service operation of toll roads etc., photovoltaic power generation business. Leisure business offers film entertainment, food and beverage, and merchandising business, marina management business. The real estate management department conducts management of various real estate for rent, real estate sales and real estate brokerage.
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