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HON (Honeywell International) Earnings Yield (Joel Greenblatt) % : 5.26% (As of Sep. 2024)


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What is Honeywell International Earnings Yield (Joel Greenblatt) %?

Honeywell International's Enterprise Value for the quarter that ended in Sep. 2024 was $154,898 Mil. Honeywell International's EBIT for the trailing twelve months (TTM) ended in Sep. 2024 was $8,144 Mil. Honeywell International's Earnings Yield (Joel Greenblatt) for the quarter that ended in Sep. 2024 was 5.26%.

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

HON' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 3.66   Med: 5.99   Max: 9.01
Current: 5.33

During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Honeywell International was 9.01%. The lowest was 3.66%. And the median was 5.99%.

HON's Earnings Yield (Joel Greenblatt) % is ranked worse than
56.06% of 553 companies
in the Conglomerates industry
Industry Median: 6.55 vs HON: 5.33

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) %. Honeywell International's Forward Rate of Return (Yacktman) % for the quarter that ended in Sep. 2024 was 7.72%. 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.


Honeywell International Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for Honeywell International'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.

Honeywell International Earnings Yield (Joel Greenblatt) % Chart

Honeywell International Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Earnings Yield (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.98 4.07 4.97 4.41 5.26

Honeywell International Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Earnings Yield (Joel Greenblatt) % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.61 5.26 5.47 5.21 5.26

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

For the Conglomerates subindustry, Honeywell International'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.


Honeywell International's Earnings Yield (Joel Greenblatt) % Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Honeywell International's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

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



Honeywell International 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.

Honeywell Internationals Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as

Earnings Yield (Joel Greenblatt)=EBIT/Enterprise Value
=7924/150714.978
=5.26 %

Honeywell International's EBIT for the trailing twelve months (TTM) ended in Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $8,144 Mil.



Honeywell International  (NAS:HON) 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.

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


Honeywell International Earnings Yield (Joel Greenblatt) % Related Terms

Thank you for viewing the detailed overview of Honeywell International's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.


Honeywell International Business Description

Address
855 South Mint Street, Charlotte, NC, USA, 28202
Honeywell traces its roots to 1885 with Albert Butz's firm, Butz Thermo-Electric Regulator, which produced a predecessor to the modern thermostat. Other inventions by Honeywell include biodegradable detergent and autopilot. Today, Honeywell is a global multi-industry behemoth with one of the largest installed bases of equipment. It operates through four business segments: aerospace technologies (37% of 2023 company revenue), industrial automation (29%), energy and sustainability solutions (17%), and building automation (17%). Recently, Honeywell has made several portfolio changes to focus on fewer end markets and align with a set of secular growth trends. The firm is working diligently to expand its installed base, deriving 30% of its revenue from recurring aftermarket services.
Executives
Darius Adamczyk officer: President and CEO, PMT 855 S. MINT STREET, CHARLOTTE NC 28202
James E Currier officer: President & CEO, Aerospace 855 S. MINT STREET, CHARLOTTE NC 28202
Vimal Kapur officer: President & CEO, HBT C/O HONEYWELL 300 S. TRYON STREET, CHARLOTTE NC 07950
Billal Hammoud officer: President & CEO, HBT 855 S. MINT STREET, CHARLOTTE NC 28202
George Koutsaftes officer: President and CEO, SPS 855 S. MINT STREET, CHARLOTTE NC 28202
Karen Mattimore officer: SrVP, HR and Communications 300 SOUTH TRYON STR, CHARLOTTE NC 28202
Lucian Boldea officer: President and CEO, PMT 855 S. MINT STREET, CHARLOTTE NC 28202
Robin Watson director 855 S. MINT STREET, CHARLOTTE NC 28202
Gregory P Lewis officer: SVP & Chief Financial Officer C/O HONEYWELL INTERNATIONAL INC., 300 SOUTH TRYON STREET, CHARLOTTE NC 28202
Kevin Dehoff officer: President and CEO, HCE 855 S. MINT STREET, CHARLOTTE NC 28202
Rose Lee director C/O CROWN HOLDINGS, INC., 770 TOWNSHIP LINE ROAD, YARDLEY PA 19067
Que Dallara officer: Pres/CEO -Connected Enterprise C/O HONEYWELL 300 S. TRYON STREET, CHARLOTTE NC 28202
Doug Wright officer: President & CEO, HBT 855 S. MINT STREET, CHARLOTTE NC 28202
D Scott Davis director 115 TABOR ROAD, MORRIS PLAINS NJ 07950
Rajeev Gautam officer: Pres. and CEO, PMT C/O HONEYWELL, 300 S. TRYON STREET, CHARLOTTE NC 28202