What is Cantel Medical Earnings Yield (Joel Greenblatt) %?
Cantel Medical's Enterprise Value for the quarter that ended in Apr. 2021 was $4,441 Mil.
Cantel Medical's EBIT for the trailing twelve months (TTM) ended in Apr. 2021 was $131 Mil. Cantel Medical's Earnings Yield (Joel Greenblatt) for the quarter that ended in Apr. 2021 was 3.00%.
The historical rank and industry rank for Cantel Medical's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
CMD'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 1.31 Med: 3.44 Max: 10.58
Current: 3.21
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Cantel Medical was 10.58%. The lowest was 1.31%. And the median was 3.44%.
CMD's Earnings Yield (Joel Greenblatt) % is not ranked
in the Medical Devices & Instruments industry.
Industry Median: 0.19
vs CMD: 3.21
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) %. Cantel Medical's Forward Rate of Return (Yacktman) % for the quarter that ended in Apr. 2021 was 4.63%. 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.
Cantel Medical Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Cantel Medical'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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Cantel Medical Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of Cantel Medical's Earnings Yield (Joel Greenblatt) %
For the Medical Instruments & Supplies subindustry, Cantel Medical'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.
Cantel Medical's Earnings Yield (Joel Greenblatt) % Distribution in the Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Cantel Medical's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Cantel Medical's Earnings Yield (Joel Greenblatt) % falls into.
Cantel Medical 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.
Cantel Medicals Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Jul. 2020 is calculated as
Cantel Medical's EBIT for the trailing twelve months (TTM) ended in Apr. 2021 adds up the quarterly data reported by the company within the most recent 12 months, which was $131 Mil.
Cantel Medical (NYSE:CMD) 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.
Cantel Medical Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Cantel Medical's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Cantel Medical (Cantel Medical) Business Description
Cantel Medical is a New Jersey-based manufacturer of hospital supplies for infection prevention, which include products used in endoscope disinfection, water purification systems for use in dialysis treatment, and dental supplies. The firm reports in four segments: medical (46% of fiscal 2020 sales), dental (32%), life sciences (19%), and dialysis (3%). Geographic exposure is primarily in the U.S., which accounts for about 75% of revenue, with international markets making up the remaining 25%.
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