What is Wharf Real Estate Investment Co Earnings Yield (Joel Greenblatt) %?
Wharf Real Estate Investment Co's Enterprise Value for the quarter that ended in Dec. 2023 was HK$120,652 Mil.
Wharf Real Estate Investment Co's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was HK$8,043 Mil. Wharf Real Estate Investment Co's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was 6.67%.
The historical rank and industry rank for Wharf Real Estate Investment Co's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
HKSE:01997'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -5.19 Med: 4.26 Max: 12.18
Current: 7.57
During the past 10 years, the highest Earnings Yield (Joel Greenblatt) of Wharf Real Estate Investment Co was 12.18%. The lowest was -5.19%. And the median was 4.26%.
HKSE:01997's Earnings Yield (Joel Greenblatt) % is ranked better than 65.19% of 1856
companies
in the Real Estate industry
Industry Median: 4.305
vs HKSE:01997: 7.57
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) %. Wharf Real Estate Investment 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.
Wharf Real Estate Investment Co Earnings Yield (Joel Greenblatt) % Historical Data
* 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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Wharf Real Estate Investment Co Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of Wharf Real Estate Investment Co's Earnings Yield (Joel Greenblatt) %
For the Real Estate Services subindustry, Wharf Real Estate Investment 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.
Wharf Real Estate Investment Co's Earnings Yield (Joel Greenblatt) % Distribution in the Real Estate Industry
For the Real Estate industry and Real Estate sector, Wharf Real Estate Investment Co's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Wharf Real Estate Investment Co's Earnings Yield (Joel Greenblatt) % falls into.
Wharf Real Estate Investment 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.
Wharf Real Estate Investment Cos Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as
For company reported semi-annually or annually, GuruFocus only calculate annual data for Earnings Yield (Joel Greenblatt) and apply the annual figure to corresponding quarter.
Wharf Real Estate Investment Co (HKSE:01997) 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.
Wharf Real Estate Investment Co Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Wharf Real Estate Investment Co's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Wharf Real Estate Investment Co (HKSE:01997) Business Description
Wharf spun off Wharf Real Estate Investment Co in November 2017. It is a leading property investor with a focus in prime retail assets in Hong Kong. Rental income from two flagship assets Harbour City and Times Square account for around 80% of revenue. The balance is made up of The Murray hotel, a suburban mall in Plaza Hollywood, two offices in Central CBD. The group also holds two malls in Singapore and a mixed-development in Suzhou. Wharf was originally a shipping company but transformed into a property developer and investor in the 1960s by redeveloping its unused industrial assets, many located in city-center and waterfront locations. The Harbour City site was previously wharfs, and the Times Square site was a tram depot in the 1970s. Wheelock holds a 45% stake in WREIC.
Wharf Real Estate Investment Co (HKSE:01997) Headlines
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