What is Asia File Bhd Earnings Yield (Joel Greenblatt) %?
Asia File Bhd's Enterprise Value for the quarter that ended in Dec. 2023 was RM103.3 Mil.
Asia File Bhd's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was RM57.8 Mil. Asia File Bhd's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was 55.87%.
The historical rank and industry rank for Asia File Bhd's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
XKLS:7129'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 8.53 Med: 19.13 Max: 74.08
Current: 42.4
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Asia File Bhd was 74.08%. The lowest was 8.53%. And the median was 19.13%.
XKLS:7129's Earnings Yield (Joel Greenblatt) % is ranked better than 97.44% of 3047
companies
in the Industrial Products industry
Industry Median: 4.26
vs XKLS:7129: 42.40
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) %. Asia File Bhd's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2023 was 12.02%. 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.
Asia File Bhd Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Asia File Bhd'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.
Asia File Bhd Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of Asia File Bhd's Earnings Yield (Joel Greenblatt) %
For the Business Equipment & Supplies subindustry, Asia File Bhd'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.
Asia File Bhd's Earnings Yield (Joel Greenblatt) % Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Asia File Bhd's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Asia File Bhd's Earnings Yield (Joel Greenblatt) % falls into.
Asia File Bhd 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.
Asia File Bhds Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Mar. 2023 is calculated as
Asia File Bhd'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 RM57.8 Mil.
Asia File Bhd (XKLS:7129) 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.
Asia File Bhd Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Asia File Bhd's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Asia File Corp Bhd is a Malaysia-based investment holding company. Principally, it serves as a commission agent and provider of management services. The company is engaged in the manufacturing and trading of stationery products, colored paper, and boards. Some of its products include Plastic Folders, Sheet Protectors and Flat Files; Filing/Storage Boxes; Suspensions Files; Clipboards and Clipfolders; Lever Arch Files; Indexes and Dividers, and others. Its segments include Filing products and Consumer and food ware products, in which Filing products generate the majority of its revenue. Its geographical segments include Malaysia, Asia, Europe, America, and Other Countries, of which the majority of the revenue comes from Europe.
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