DAVA (Endava) Earnings Yield (Joel Greenblatt) % : 2.22% (As of Jun. 2024)

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What is Endava Earnings Yield (Joel Greenblatt) %?

Endava's Enterprise Value for the quarter that ended in Jun. 2024 was $1,904.5 Mil. Endava's EBIT for the trailing twelve months (TTM) ended in Jun. 2024 was $41.7 Mil. Endava's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2024 was 2.22%.

The historical rank and industry rank for Endava's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:

DAVA' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 0.58 Med: 2.09 Max: 5.98
Current: 2.62

During the past 9 years, the highest Earnings Yield (Joel Greenblatt) of Endava was 5.98%. The lowest was 0.58%. And the median was 2.09%.

DAVA's Earnings Yield (Joel Greenblatt) % is ranked better than
56.81% of 2843 companies
in the Software industry
Industry Median: 1.36 vs DAVA: 2.62

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) %. Endava's Forward Rate of Return (Yacktman) % for the quarter that ended in Jun. 2024 was 25.59%. 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.

Endava Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for Endava'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.

* Premium members only.

Endava Earnings Yield (Joel Greenblatt) % Chart

Endava Annual Data

Trend

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Earnings Yield (Joel Greenblatt) %

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1.22

1.26

2.64

5.18

2.22

Endava Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Earnings Yield (Joel Greenblatt) %	Get a 7-Day Free Trial															5.18	4.12	2.25	2.81	2.22

Competitive Comparison of Endava's Earnings Yield (Joel Greenblatt) %

For the Software - Infrastructure subindustry, Endava'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.

Endava's Earnings Yield (Joel Greenblatt) % Distribution in the Software Industry

For the Software industry and Technology sector, Endava's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Endava's Earnings Yield (Joel Greenblatt) % falls into.

Endava 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.

Endavas Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Jun. 2024 is calculated as

Earnings Yield (Joel Greenblatt)	=	EBIT	/	Enterprise Value
	=	42.299	/	1904.475136
	=	2.22 %

Endava's EBIT for the trailing twelve months (TTM) ended in Jun. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $41.7 Mil.

Endava (NYSE:DAVA) 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

Forward Rate of Return (Yacktman) % based on Don Yacktman's definition is a better measure of the expected rate of return for a stock.

Endava Earnings Yield (Joel Greenblatt) % Related Terms

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Endava Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Endava PLC (NYSE:DAVA) » Definitions » Earnings Yield (Joel Greenblatt) %

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Traded in Other Exchanges

DAVA:Mexico 2Y5:Germany

Address

125 Old Broad Street, London, GBR, EC2N 1AR

Website

http://www.endava.com

Endava PLC is a next-generation IT services company that primarily assists clients with their digital transformation efforts by creating customized software for them. The company was founded in 2006 in the U.K. and it continues to generate the majority of revenue in the U.K. and Europe. Endava's client base is concentrated in the payments and financial services, technology, media, and telecom industries.