What is Adtalem Global Education Earnings Yield (Joel Greenblatt) %?
Adtalem Global Education's Enterprise Value for the quarter that ended in Mar. 2024 was $2,675 Mil.
Adtalem Global Education's EBIT for the trailing twelve months (TTM) ended in Mar. 2024 was $197 Mil. Adtalem Global Education's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2024 was 7.37%.
The historical rank and industry rank for Adtalem Global Education's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
ATGE'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 1.37 Med: 6.77 Max: 19.58
Current: 6.36
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Adtalem Global Education was 19.58%. The lowest was 1.37%. And the median was 6.77%.
ATGE's Earnings Yield (Joel Greenblatt) % is ranked better than 54.51% of 266
companies
in the Education industry
Industry Median: 5.56
vs ATGE: 6.36
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) %. Adtalem Global Education's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 2024 was 21.15%. 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.
Adtalem Global Education Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Adtalem Global Education'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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Adtalem Global Education Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of Adtalem Global Education's Earnings Yield (Joel Greenblatt) %
For the Education & Training Services subindustry, Adtalem Global Education'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.
Adtalem Global Education's Earnings Yield (Joel Greenblatt) % Distribution in the Education Industry
For the Education industry and Consumer Defensive sector, Adtalem Global Education's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Adtalem Global Education's Earnings Yield (Joel Greenblatt) % falls into.
Adtalem Global Education 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.
Adtalem Global Educations Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Jun. 2023 is calculated as
Adtalem Global Education's EBIT for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $197 Mil.
Adtalem Global Education (NYSE:ATGE) 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.
Adtalem Global Education Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Adtalem Global Education's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Adtalem Global Education (Adtalem Global Education) Business Description
Adtalem Global Education Inc is an American for-profit educational company that operates various university and educational programs. The company runs eight colleges and universities that specialize in business, medicine, education, and nursing degree programs. DeVry Education Group has over 90 campuses as well as online courses that offer associate, bachelor, and postgraduate degrees. Enrollment in its business colleges represents almost half of overall student enrollment, followed by technology and healthcare. The company derives the majority of its revenue from student enrollment fees using federal financial aid programs such as Pell Fund grants.
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