The historical rank and industry rank for National Silicon Industry Group Co's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
SHSE:688126'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -0.24 Med: 0.44 Max: 1.1
Current: 0.79
During the past 8 years, the highest Earnings Yield (Joel Greenblatt) of National Silicon Industry Group Co was 1.10%. The lowest was -0.24%. And the median was 0.44%.
SHSE:688126's Earnings Yield (Joel Greenblatt) % is ranked worse than 60.72% of 998
companies
in the Semiconductors industry
Industry Median: 2.005
vs SHSE:688126: 0.79
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) %. National Silicon Industry Group 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.
National Silicon Industry Group 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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National Silicon Industry Group Co Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of National Silicon Industry Group Co's Earnings Yield (Joel Greenblatt) %
For the Semiconductor Equipment & Materials subindustry, National Silicon Industry Group 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.
National Silicon Industry Group Co's Earnings Yield (Joel Greenblatt) % Distribution in the Semiconductors Industry
For the Semiconductors industry and Technology sector, National Silicon Industry Group Co's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where National Silicon Industry Group Co's Earnings Yield (Joel Greenblatt) % falls into.
National Silicon Industry Group 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.
National Silicon Industry Group Co'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 ¥253 Mil.
National Silicon Industry Group Co (SHSE:688126) 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.
National Silicon Industry Group Co Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of National Silicon Industry Group Co's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
National Silicon Industry Group Co (SHSE:688126) Business Description
National Silicon Industry Group was founded in 2015 after reorganizing several smaller silicon producers. Its major subsidiaries are Zing Semiconductor and Simgui domestically, and Okmetic in Finland. The company had an annual production capacity of 9 million wafers at the end of 2022. NSIG holds a 9% stake in France-based Soitec, which is both a supplier and a customer. NSIG is headquartered in Shanghai, China and employs over 2,400 people.
National Silicon Industry Group Co (SHSE:688126) Headlines
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