What is Grupo MexicoB de CV Earnings Yield (Joel Greenblatt) %?
Grupo MexicoB de CV's Enterprise Value for the quarter that ended in Sep. 2023 was $41,952 Mil.
Grupo MexicoB de CV's EBIT for the trailing twelve months (TTM) ended in Sep. 2023 was $6,683 Mil. Grupo MexicoB de CV's Earnings Yield (Joel Greenblatt) for the quarter that ended in Sep. 2023 was 16.84%.
The historical rank and industry rank for Grupo MexicoB de CV's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
GMBXF'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 7.51 Med: 12.01 Max: 21.67
Current: 13.61
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Grupo MexicoB de CV was 21.67%. The lowest was 7.51%. And the median was 12.01%.
GMBXF's Earnings Yield (Joel Greenblatt) % is ranked better than 95.55% of 2674
companies
in the Metals & Mining industry
Industry Median: -12.12
vs GMBXF: 13.61
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) %. Grupo MexicoB de CV's Forward Rate of Return (Yacktman) % for the quarter that ended in Sep. 2023 was 26.16%. 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.
Grupo MexicoB de CV Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Grupo MexicoB de CV'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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Grupo MexicoB de CV Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of Grupo MexicoB de CV's Earnings Yield (Joel Greenblatt) %
For the Other Industrial Metals & Mining subindustry, Grupo MexicoB de CV'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.
Grupo MexicoB de CV's Earnings Yield (Joel Greenblatt) % Distribution in the Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Grupo MexicoB de CV's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Grupo MexicoB de CV's Earnings Yield (Joel Greenblatt) % falls into.
Grupo MexicoB de CV 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.
Grupo MexicoB de CVs Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2022 is calculated as
Grupo MexicoB de CV'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 $6,683 Mil.
Grupo MexicoB de CV (OTCPK:GMBXF) 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.
Grupo MexicoB de CV Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Grupo MexicoB de CV's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Grupo MexicoB de CV (Grupo MexicoB de CV) Business Description
Grupo Mexico SAB de CV is a holding company that operates in the mining-metallurgic industry, the exploration, exploitation, and benefit of metallic and non-metallic ores, multimodal freight railroad service, and infrastructure development. The majority of the group's revenue is generated by the mining division, through its subsidiary AMC. The company has 14 mines and exploration projects in Mexico, Peru, the United States of America, Chile, Ecuador, and Argentina, and its products include copper, molybdenum, silver, zinc, gold, and lead. The company also has a transportation division comprised of three large railroad companies through its subsidiary FM Rail Holding. Together, they form the largest railroad operator in Mexico, both in terms of coverage and fleet size.
Grupo MexicoB de CV (Grupo MexicoB de CV) Headlines
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