What is Trip.com Group Earnings Yield (Joel Greenblatt) %?
Trip.com Group's Enterprise Value for the quarter that ended in Sep. 2023 was $22,191 Mil.
Trip.com Group's EBIT for the trailing twelve months (TTM) ended in Sep. 2023 was $1,791 Mil. Trip.com Group's Earnings Yield (Joel Greenblatt) for the quarter that ended in Sep. 2023 was 8.80%.
The historical rank and industry rank for Trip.com Group's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
TCOM'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -1.73 Med: 2.07 Max: 9.73
Current: 5.89
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Trip.com Group was 9.73%. The lowest was -1.73%. And the median was 2.07%.
TCOM's Earnings Yield (Joel Greenblatt) % is ranked better than 61.78% of 853
companies
in the Travel & Leisure industry
Industry Median: 4.21
vs TCOM: 5.89
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) %. Trip.com Group's Forward Rate of Return (Yacktman) % for the quarter that ended in Sep. 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.
Trip.com Group Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Trip.com Group'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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Trip.com Group Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of Trip.com Group's Earnings Yield (Joel Greenblatt) %
For the Travel Services subindustry, Trip.com Group'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.
Trip.com Group's Earnings Yield (Joel Greenblatt) % Distribution in the Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Trip.com Group's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Trip.com Group's Earnings Yield (Joel Greenblatt) % falls into.
Trip.com Group 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.
Trip.com Groups Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2022 is calculated as
Trip.com Group's EBIT for the trailing twelve months (TTM) ended in Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $1,791 Mil.
Trip.com Group (NAS:TCOM) 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.
Trip.com Group Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Trip.com Group's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Trip.com Group (Trip.com Group) Business Description
Trip.com is the largest online travel agent in China and is positioned to benefit from the country's rising demand for higher-margin outbound travel as passport penetration is only 12% in China. The company generated about 78% of sales from accommodation reservations and transportation ticketing in 2020. The rest of revenue comes from package tours and corporate travel. Prior to the pandemic in 2019, the company generated 25% of revenue from international business, which is important to its margin expansion. Most of sales come from websites and mobile platforms, while the rest come from call centers. The competes in a crowded OTA industry in China, including Meituan, Alibaba-backed Fliggy, Tongcheng, and Qunar. The company was founded in 1999 and listed on the Nasdaq in December 2003.
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